Paycor HCM Inc (PYCR) Shares on the Rise: Short-term Analysis

Paycor HCM Inc [PYCR] stock prices are up 4.00% to $18.18 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PYCR shares have gain 10.72% over the last week, with a monthly amount glided 26.69%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Paycor HCM Inc [NASDAQ: PYCR] stock has seen the most recent analyst activity on November 07, 2024, when BMO Capital Markets reiterated its Market Perform rating and also boosted its price target to $19 from $15. Previously, Stephens started tracking the stock with Overweight rating on October 16, 2024, and set its price target to $18. On August 15, 2024, Needham reiterated its Buy rating and revised its price target to $20 on the stock. BMO Capital Markets reiterated its Market Perform rating and decreased its price target to $20 on May 09, 2024. BTIG Research initiated its recommendation with a Buy and recommended $26 as its price target on February 06, 2024. Jefferies downgraded its rating to Hold for this stock on January 05, 2024, and downed its price target to $22. In a note dated November 07, 2023, UBS initiated an Neutral rating and provided a target price of $20 on this stock.

The stock price of Paycor HCM Inc [PYCR] has been fluctuating between $10.92 and $22.65 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Paycor HCM Inc [NASDAQ: PYCR] shares were valued at $18.18 at the most recent close of the market. An investor can expect a potential return of 21.01% based on the average PYCR price forecast.

Analyzing the PYCR fundamentals

The Paycor HCM Inc [NASDAQ:PYCR] reported sales of 678.84M for trailing twelve months, representing a surge of 16.64%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is -0.03.

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 17.68 points at the first support level, and at 17.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.48, and for the 2nd resistance point, it is at 18.78.

Ratios To Look Out For

It’s worth pointing out that Paycor HCM Inc [NASDAQ:PYCR]’s Current Ratio is 1.08. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 4.91, the price to book ratio is 2.50.

Transactions by insiders

Recent insider trading involved Rishel Jeremy, Director, that happened on Oct 16 ’24 when 3723.0 shares were sold. Director, Corr Jonathan completed a deal on Oct 08 ’24 to sell 1508.0 shares. Meanwhile, Director Jeremy Rishel bought 3723.0 shares on Oct 08 ’24.

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