Progress Software Corp [PRGS] stock is trading at $68.65, down -1.61%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PRGS shares have gain 1.61% over the last week, with a monthly amount glided 5.99%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Progress Software Corp [NASDAQ: PRGS] stock has seen the most recent analyst activity on March 28, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $65. On September 09, 2022, Jefferies initiated with a Hold rating and assigned a price target of $52 on the stock. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $60 on August 12, 2022. JP Morgan initiated its recommendation with a Overweight and recommended $60 as its price target on October 22, 2021. Citigroup started tracking with a Neutral rating for this stock on August 06, 2021, and assigned it a price target of $48. In a note dated July 15, 2021, Oppenheimer initiated an Outperform rating and provided a target price of $54 on this stock.
Progress Software Corp [PRGS] stock has fluctuated between $48.00 and $70.56 over the past year. Currently, Wall Street analysts expect the stock to reach $70.2 within the next 12 months. Progress Software Corp [NASDAQ: PRGS] shares were valued at $68.65 at the most recent close of the market. An investor can expect a potential return of 2.26% based on the average PRGS price forecast.
Analyzing the PRGS fundamentals
Progress Software Corp [NASDAQ:PRGS] reported sales of 715.42M for the trailing twelve months, which represents a growth of 2.11%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.19 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.89.
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 68.19 points at the first support level, and at 67.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.37, and for the 2nd resistance point, it is at 70.08.
Ratios To Look Out For
For context, Progress Software Corp’s Current Ratio is 1.23. As well, the Quick Ratio is 1.23, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 4.12, the price to book ratio is 6.92 and price to earnings (TTM) ratio is 36.78.
Transactions by insiders
Recent insider trading involved Jarrett Loren, EVP/GM Digital Experience, that happened on Nov 04 ’24 when 1666.0 shares were sold. EVP/GM Infrastructure Mgmt, Subramanian Sundar completed a deal on Nov 01 ’24 to sell 649.0 shares. Meanwhile, Chief Accounting Officer LoCoco Domenic sold 6086.0 shares on Nov 01 ’24.
