Progress Software Corp. (NASDAQ: PRGS) on Tuesday, plunged -2.33% from the previous trading day, before settling in for the closing price of $67.37. Within the past 52 weeks, PRGS’s price has moved between $48.00 and $67.40.
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During the last 5-year period, the sales growth of Technology Sector giant was 12.97%. The company achieved an average annual earnings per share of 10.63%. 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Progress Software Corp. is 1.60%, while institutional ownership is 112.03%. The most recent insider transaction that took place on Oct 01 ’24, was worth 537,916. Before that another transaction happened on Sep 25 ’24, when Company’s Officer proposed sale 27,861 for $64.00, making the entire transaction worth $1,783,104.
Progress Software Corp. (PRGS) Recent Fiscal highlights
As on 8/31/2024, Multinational firm has announced its last quarter scores, in which it reported 1.02 earnings per share (EPS) for the period topping the consensus outlook (set at 0.91) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.63% 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
Progress Software Corp. (PRGS) is currently performing well based on its current performance indicators. A quick ratio of 1.12 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.93. Likewise, its price to free cash flow for the trailing twelve months is 12.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.87, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 5.58 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 1.81 million, which is a jump from its year-to-date volume of 0.51 million. As of the previous 9 days, the stock’s Stochastic %D was 94.22%. Additionally, its Average True Range was 1.64.
During the past 100 days, Progress Software Corp.’s (PRGS) raw stochastic average was set at 91.38%, which indicates a significant increase from 85.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.60% in the past 14 days, which was higher than the 31.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $58.05, while its 200-day Moving Average is $54.40. However, in the short run, Progress Software Corp.’s stock first resistance to watch stands at $66.98. Second resistance stands at $68.16. The third major resistance level sits at $68.84. If the price goes on to break the first support level at $65.12, it is likely to go to the next support level at $64.44. Now, if the price goes above the second support level, the third support stands at $63.26.
Progress Software Corp. (NASDAQ: PRGS) Key Stats
Market capitalization of the company is 2.81 billion based on 42,776K outstanding shares. Right now, sales total 694,440 K and income totals 70,200 K. The company made 178,690 K in profit during its latest quarter, and 28,460 K in sales during its previous quarter.
