On Tuesday, Progress Software Corp. (NASDAQ: PRGS) opened higher 0.47% from the last session, before settling in for the closing price of $56.88. Price fluctuations for PRGS have ranged from $48.00 to $60.33 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 12.97%. Company’s average yearly earnings per share was noted 9.20% at the time writing. With a float of $42.09 million, this company’s outstanding shares have now reached $43.80 million.
Let’s determine the extent of company efficiency that accounts for 2284 employees.
Progress Software Corp. (PRGS) Insider Activity
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Progress Software Corp. is 1.60%, while institutional ownership is 112.04%. The most recent insider transaction that took place on Aug 20 ’24, was worth 122,105. Before that another transaction happened on Aug 01 ’24, when Company’s Chief Accounting Officer sold 300 for $58.11, making the entire transaction worth $17,433. This insider now owns 3,847 shares in total.
Progress Software Corp. (PRGS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 9.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.00% during the next five years compared to 7.86% growth over the previous five years of trading.
Progress Software Corp. (NASDAQ: PRGS) Trading Performance Indicators
Check out the current performance indicators for Progress Software Corp. (PRGS). In the past quarter, the stock posted a quick ratio of 1.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.44. Likewise, its price to free cash flow for the trailing twelve months is 11.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.64, a number that is poised to hit 1.28 in the next quarter and is forecasted to reach 5.04 in one year’s time.
Technical Analysis of Progress Software Corp. (PRGS)
Looking closely at Progress Software Corp. (NASDAQ: PRGS), its last 5-days average volume was 0.76 million, which is a jump from its year-to-date volume of 0.47 million. As of the previous 9 days, the stock’s Stochastic %D was 34.98%. Additionally, its Average True Range was 1.08.
During the past 100 days, Progress Software Corp.’s (PRGS) raw stochastic average was set at 78.34%, which indicates a significant increase from 53.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.98% in the past 14 days, which was lower than the 25.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.10, while its 200-day Moving Average is $54.10. However, in the short run, Progress Software Corp.’s stock first resistance to watch stands at $57.72. Second resistance stands at $58.28. The third major resistance level sits at $59.03. If the price goes on to break the first support level at $56.41, it is likely to go to the next support level at $55.66. Should the price break the second support level, the third support level stands at $55.10.
Progress Software Corp. (NASDAQ: PRGS) Key Stats
There are currently 42,776K shares outstanding in the company with a market cap of 2.44 billion. Presently, the company’s annual sales total 694,440 K according to its annual income of 70,200 K. Last quarter, the company’s sales amounted to 175,080 K and its income totaled 16,190 K.
