That’s why I Feel Comfortable With Pagerduty Inc’s (PD) Future

Pagerduty Inc [PD] stock prices are up 3.71% to $18.17 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PD shares have gain 4.43% over the last week, with a monthly amount drifted -6.00%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Pagerduty Inc [NYSE: PD] stock has seen the most recent analyst activity on July 18, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $24. Previously, Scotiabank started tracking the stock with Sector Perform rating on June 28, 2024, and set its price target to $23. On June 27, 2024, JP Morgan initiated with a Neutral rating and assigned a price target of $24 on the stock. Craig Hallum upgraded its rating to a Buy but stick to its price target of $30 on June 12, 2024. Truist upgraded its rating to a Buy and raised its price target to $30 on March 18, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on January 24, 2024, but kept the price target unchanged to $30. In a note dated December 14, 2023, BofA Securities initiated an Buy rating and provided a target price of $30 on this stock.

The stock price of Pagerduty Inc [PD] has been fluctuating between $16.46 and $26.70 over the past year. Currently, Wall Street analysts expect the stock to reach $30.13 within the next 12 months. Pagerduty Inc [NYSE: PD] shares were valued at $18.17 at the most recent close of the market. An investor can expect a potential return of 65.82% based on the average PD price forecast.

Analyzing the PD fundamentals

The Pagerduty Inc [NYSE:PD] reported sales of 446.94M for trailing twelve months, representing a surge of 7.73%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.48 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.76.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.95 points at the first support level, and at 17.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.47, and for the 2nd resistance point, it is at 18.77.

Ratios To Look Out For

It’s worth pointing out that Pagerduty Inc [NYSE:PD]’s Current Ratio is 2.07. Further, the Quick Ratio stands at 2.07, while the Cash Ratio is 1.17. Considering the valuation of this stock, the price to sales ratio is 3.78, the price to book ratio is 10.26.

Transactions by insiders

Recent insider trading involved Tejada Jennifer, Chief Executive Officer, that happened on Aug 23 ’24 when 18750.0 shares were sold. Chief Executive Officer, Tejada Jennifer completed a deal on Jul 30 ’24 to sell 14512.0 shares. Meanwhile, Chief Executive Officer Tejada Jennifer sold 2000.0 shares on Jul 17 ’24.

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