Paycor HCM Inc (PYCR) stock hits $19.20: Is it a good time to buy or wait for a dip?

Paycor HCM Inc [PYCR] stock prices are saw in change for the day to $19.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PYCR shares have gain 6.31% over the last week, with a monthly amount glided 15.04%, 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 December 02, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $22 from $18. Previously, BMO Capital Markets reaffirmed its Market Perform rating on November 07, 2024, and elevated its price target to $19. On October 16, 2024, Stephens initiated with a Overweight rating and assigned a price target of $18 on the stock. Needham reiterated its Buy rating and decreased its price target to $20 on August 15, 2024. BMO Capital Markets reiterated its recommendation of a Market Perform and reduced its price target to $20 on May 09, 2024. BTIG Research started tracking with a Buy rating for this stock on February 06, 2024, and assigned it a price target of $26. In a note dated January 05, 2024, Jefferies downgraded an Hold rating on this stock and revised its target price from $27 to $22.

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 $18.25 within the next 12 months. Paycor HCM Inc [NASDAQ: PYCR] shares were valued at $19.20 at the most recent close of the market. An investor can expect a potential drop of -4.95% 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 19.02 points at the first support level, and at 18.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.54, and for the 2nd resistance point, it is at 19.88.

Ratios To Look Out For

It’s worth pointing out that Paycor HCM Inc [NASDAQ:PYCR]’s Current Ratio is 1.08. As well, the Quick Ratio is 1.08, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 5.08, the price to book ratio is 2.64.

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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