Procore Technologies Inc (PCOR)’s latest performance is not what we had anticipated

On Tuesday, Procore Technologies Inc (NYSE: PCOR) was 1.20% up from the session before settling in for the closing price of $69.97. A 52-week range for PCOR has been $48.11 – $83.35.

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Annual sales at Technology sector company grew by 38.80% over the past five years. When this article was written, the company’s average yearly earnings per share was at 196.29%. With a float of $134.79 million, this company’s outstanding shares have now reached $144.81 million.

Let’s look at the performance matrix of the company that is accounted for 3694 employees.

Procore Technologies Inc (PCOR) Insider Updates

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Procore Technologies Inc stocks. The insider ownership of Procore Technologies Inc is 7.88%, while institutional ownership is 80.87%. The most recent insider transaction that took place on Jul 24 ’24, was worth 356,293. In this transaction Director of this company sold 5,128 shares at a rate of $69.48, taking the stock ownership to the 1,448,159 shares. Before that another transaction happened on Jul 23 ’24, when Company’s Director sold 5,128 for $70.45, making the entire transaction worth $361,268. This insider now owns 1,453,287 shares in total.

Procore Technologies Inc (PCOR) Performance Highlights and Predictions

Going through the last 3-months fiscal report unveiled on the 3/31/2024, it has been observed that the corporation posted 0.02 earnings per share (EPS) during the time that was better than consensus figure (set at -0.09) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 196.29% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 75.90% during the next five years compared to -19.72% drop over the previous five years of trading.

Procore Technologies Inc (NYSE: PCOR) Trading Performance Indicators

You can see what Procore Technologies Inc (PCOR) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.30. Likewise, its price to free cash flow for the trailing twelve months is 121.32.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.16 in one year’s time.

Technical Analysis of Procore Technologies Inc (PCOR)

Procore Technologies Inc (NYSE: PCOR) saw its 5-day average volume 1.43 million, a positive change from its year-to-date volume of 1.34 million. As of the previous 9 days, the stock’s Stochastic %D was 69.33%. Additionally, its Average True Range was 2.17.

During the past 100 days, Procore Technologies Inc’s (PCOR) raw stochastic average was set at 41.13%, which indicates a significant decrease from 80.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.97% in the past 14 days, which was higher than the 29.41% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $67.12, while its 200-day Moving Average is $68.39. Nevertheless, the first resistance level for the watch stands at $71.66 in the near term. At $72.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $73.69. If the price goes on to break the first support level at $69.63, it is likely to go to the next support level at $68.44. Assuming the price breaks the second support level, the third support level stands at $67.60.

Procore Technologies Inc (NYSE: PCOR) Key Stats

There are 146,325K outstanding shares of the company, which has a market capitalization of 10.36 billion. As of now, sales total 950,010 K while income totals -189,690 K. Its latest quarter income was 269,430 K while its last quarter net income were -10,970 K.