Currently, Procore Technologies Inc [PCOR] is trading at $80.21, up 4.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PCOR shares have gain 16.04% over the last week, with a monthly amount glided 27.72%, 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 November 22, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $85 from $71. Previously, Robert W. Baird started tracking the stock with Outperform rating on September 24, 2024, and set its price target to $73. On August 02, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $60 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $54 on August 02, 2024. Macquarie initiated its recommendation with a Neutral and recommended $70 as its price target on June 05, 2024. Mizuho downgraded its rating to Neutral for this stock on June 04, 2024, and downed its price target to $70. In a note dated January 23, 2024, JP Morgan reiterated an Overweight rating on this stock and boosted its target price from $76 to $81.
This stock has fluctuated between a low of $49.46 and a high of $83.35 over the last 52 weeks. 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 $80.21 at the most recent close of the market. An investor can expect a potential drop of -7.12% 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 77.80 points at the first support level, and at 75.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.90, and for the 2nd resistance point, it is at 83.60.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Procore Technologies Inc [NYSE:PCOR] is 1.57. Also, the Quick Ratio is 1.57, while the Cash Ratio stands at 0.68. Considering the valuation of this stock, the price to sales ratio is 10.95, the price to book ratio is 9.27.
Transactions by insiders
Recent insider trading involved Bueker Kathryn, Director, that happened on Nov 25 ’24 when 6500.0 shares were purchased. CFO & Treasurer, Fu Howard completed a deal on Nov 21 ’24 to sell 7809.0 shares. Meanwhile, SVP, Corporate Controller Fleming William Fred Jr sold 2668.0 shares on Nov 21 ’24.
