Let’s look at the key reasons that are pushing Paycor HCM Inc (PYCR) to new highs

A new trading day began on Tuesday, with Paycor HCM Inc (NASDAQ: PYCR) stock price down -1.02% from the previous day of trading, before settling in for the closing price of $12.69. PYCR’s price has ranged from $10.92 to $27.28 over the past 52 weeks.

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Technology Sector giant saw their annual sales surged by 17.63% over the last five years. Meanwhile, its annual earnings per share averaged 26.68%. With a float of $80.40 million, this company’s outstanding shares have now reached $176.54 million.

The firm has a total of 2800 workers. Let’s measure their productivity.

Paycor HCM Inc (PYCR) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Paycor HCM Inc is 54.88%, while institutional ownership is 46.01%. The most recent insider transaction that took place on Jul 08 ’24, was worth 20,264. In this transaction an insider of this company sold 1,577 shares at a rate of $12.85, taking the stock ownership to the 103,918 shares. Before that another transaction happened on Jul 08 ’24, when Company’s Director sold 1,508 for $13.19, making the entire transaction worth $19,886. This insider now owns 16,972 shares in total.

Paycor HCM Inc (PYCR) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 26.68% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.37% during the next five years compared to 2.84% growth over the previous five years of trading.

Paycor HCM Inc (NASDAQ: PYCR) Trading Performance Indicators

Here are Paycor HCM Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.55. Likewise, its price to free cash flow for the trailing twelve months is 33.30.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.53 in one year’s time.

Technical Analysis of Paycor HCM Inc (PYCR)

Analysing the last 5-days average volume posted by the [Paycor HCM Inc, PYCR], we can find that recorded value of 0.8 million was lower than the volume posted last year of 0.97 million. As of the previous 9 days, the stock’s Stochastic %D was 37.35%. Additionally, its Average True Range was 0.42.

During the past 100 days, Paycor HCM Inc’s (PYCR) raw stochastic average was set at 17.30%, which indicates a significant decrease from 35.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.18% in the past 14 days, which was lower than the 39.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.60, while its 200-day Moving Average is $18.04. Now, the first resistance to watch is $12.78. This is followed by the second major resistance level at $12.99. The third major resistance level sits at $13.21. If the price goes on to break the first support level at $12.34, it is likely to go to the next support level at $12.12. Now, if the price goes above the second support level, the third support stands at $11.90.

Paycor HCM Inc (NASDAQ: PYCR) Key Stats

With a market capitalization of 2.24 billion, the company has a total of 178,210K Shares Outstanding. Currently, annual sales are 552,690 K while annual income is -93,220 K. The company’s previous quarter sales were 187,020 K while its latest quarter income was 6,190 K.