A share price of Procore Technologies Inc [PCOR] is currently trading at $75.23, up 7.07%. An important factor to consider is whether the stock is rising or falling in short-term value. The PCOR shares have gain 5.06% over the last week, with a monthly amount glided 22.09%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Procore Technologies Inc [NYSE: PCOR] stock has seen the most recent analyst activity on September 24, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $73. Previously, DA Davidson downgraded its rating to Neutral on August 02, 2024, and dropped its price target to $60. On August 02, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $54 on the stock. Macquarie started tracking the stock assigning a Neutral rating and suggested a price target of $70 on June 05, 2024. Mizuho downgraded its rating to a Neutral and reduced its price target to $70 on June 04, 2024. JP Morgan reiterated a Overweight rating for this stock on January 23, 2024, and upped its price target to $81. In a note dated November 02, 2023, Oppenheimer downgraded an Perform rating on this stock.
Procore Technologies Inc experienced fluctuations in its stock price throughout the past year between $49.46 and $83.35. Currently, Wall Street analysts expect the stock to reach $74.5 within the next 12 months. Procore Technologies Inc [NYSE: PCOR] shares were valued at $75.23 at the most recent close of the market. An investor can expect a potential drop of -0.97% based on the average PCOR price forecast.
Analyzing the PCOR fundamentals
Trailing Twelve Months sales for Procore Technologies Inc [NYSE:PCOR] were 1.11B which represents 19.35% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.08.
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 71.46 points at the first support level, and at 67.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.70, and for the 2nd resistance point, it is at 80.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Procore Technologies Inc [NYSE:PCOR] is 1.57. On the other hand, the Quick Ratio is 1.57, and the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 10.08, the price to book ratio is 8.70.
Transactions by insiders
Recent insider trading involved Griffith William J.G., Director, that happened on Nov 13 ’24 when 0.32 million shares were sold. Director, Griffith William J.G. completed a deal on Nov 12 ’24 to sell 21999.0 shares. Meanwhile, 10% Owner ICONIQ STRATEGIC PARTNERS II, sold 0.18 million shares on Nov 13 ’24.
