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

Procore Technologies Inc (NYSE: PCOR) kicked off on Friday, down -15.53% from the previous trading day, before settling in for the closing price of $67.22. Over the past 52 weeks, PCOR has traded in a range of $48.11-$83.35.

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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 38.80%. While this was happening, its average annual earnings per share was recorded 234.22%. With a float of $134.94 million, this company’s outstanding shares have now reached $144.81 million.

The extent of productivity of a business whose workforce counts for 3694 workers is very important to gauge.

Procore Technologies Inc (PCOR) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Procore Technologies Inc is 7.78%, while institutional ownership is 81.19%. 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

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.09 earnings per share (EPS), higher than consensus estimate (set at -0.05) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 234.22% 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

Take a look at Procore Technologies Inc’s (PCOR) current performance indicators. Last quarter, stock had a quick ratio of 1.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.83. Likewise, its price to free cash flow for the trailing twelve months is 53.39.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.63, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.08 in one year’s time.

Technical Analysis of Procore Technologies Inc (PCOR)

The latest stats from [Procore Technologies Inc, PCOR] show that its last 5-days average volume of 4.57 million was superior to 1.44 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 40.66%. Additionally, its Average True Range was 3.46.

During the past 100 days, Procore Technologies Inc’s (PCOR) raw stochastic average was set at 21.60%, which indicates a significant decrease from 31.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.20% in the past 14 days, which was higher than the 40.26% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $66.82, while its 200-day Moving Average is $68.34. Now, the first resistance to watch is $59.33. This is followed by the second major resistance level at $61.89. The third major resistance level sits at $66.82. If the price goes on to break the first support level at $51.84, it is likely to go to the next support level at $46.91. Assuming the price breaks the second support level, the third support level stands at $44.35.

Procore Technologies Inc (NYSE: PCOR) Key Stats

The company with the Market Capitalisation of 8.31 billion has total of 146,325K Shares Outstanding. Its annual sales at the moment are 950,010 K in contrast with the sum of -189,690 K annual income. Company’s last quarter sales were recorded 269,430 K and last quarter income was -10,970 K.