Currently, Progress Software Corp [PRGS] is trading at $55.61, down -0.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PRGS shares have gain 2.39% over the last week, with a monthly amount drifted -3.00%, and not seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $48.00 and a high of $70.56 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $73.2 within the next 12 months. Progress Software Corp [NASDAQ: PRGS] shares were valued at $55.61 at the most recent close of the market. An investor can expect a potential return of 31.63% based on the average PRGS price forecast.
Analyzing the PRGS fundamentals
Trailing Twelve Months sales for Progress Software Corp [NASDAQ:PRGS] were 753.41M which represents 21.47% growth. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.16 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.9.
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 54.99 points at the first support level, and at 54.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.15, and for the 2nd resistance point, it is at 56.69.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Progress Software Corp [NASDAQ:PRGS] is 0.81. Also, the Quick Ratio is 0.81, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 5.50 and price to earnings (TTM) ratio is 35.88.
Transactions by insiders
Recent insider trading involved LoCoco Domenic, Chief Accounting Officer, that happened on Feb 03 ’25 when 1000.0 shares were sold. Chief Information Officer, Pitt Ian completed a deal on Feb 03 ’25 to sell 1482.0 shares. Meanwhile, EVP/GM Digital Experience Jarrett Loren sold 10074.0 shares on Feb 03 ’25.
