Progress Software Corp (NASDAQ: PRGS) started the day on Wednesday, with a price decrease of -2.99% at $67.56, before settling in for the price of $69.64 at the close. Taking a more long-term approach, PRGS posted a 52-week range of $48.00-$70.56.
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The Technology sector firm’s twelve-monthly sales growth has been 12.97% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 7.86%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 10.72%. This publicly-traded company’s shares outstanding now amounts to $43.80 million, simultaneously with a float of $42.22 million. The organization now has a market capitalization sitting at $2.90 billion. At the time of writing, stock’s 50-day Moving Average stood at $65.59, while the 200-day Moving Average is $56.56.
Progress Software Corp (PRGS) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Infrastructure Industry. Progress Software Corp’s current insider ownership accounts for 1.59%, in contrast to 115.64% institutional ownership. According to the most recent insider trade that took place on Nov 04 ’24, this organization’s EVP/GM Digital Experience sold 1,666 shares at the rate of 63.97, making the entire transaction reach 106,574 in total value, affecting insider ownership by 13,524. Preceding that transaction, on Nov 01 ’24, Company’s EVP/GM Infrastructure Mgmt sold 649 for 64.02, making the whole transaction’s value amount to 41,549. This particular insider is now the holder of 18,469 in total.
Progress Software Corp (PRGS) Earnings and Revenue Records
Progress Software Corp’s EPS increase for this current 12-month fiscal period is 10.72% and is forecasted to reach 5.62 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 2.00% through the next 5 years, which can be compared against the 7.86% growth it accomplished over the previous five years trading on the market.
Progress Software Corp (NASDAQ: PRGS) Trading Performance Indicators
Let’s observe the current performance indicators for Progress Software Corp (PRGS). It’s Quick Ratio in the last reported quarter now stands at 1.23. The Stock has managed to achieve an average true range (ATR) of 1.38. Alongside those numbers, its PE Ratio stands at $36.20, and its Beta score is 0.93. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 4.05. Similarly, its price to free cash flow for trailing twelve months is now 12.36.
In the same vein, PRGS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.87, a figure that is expected to reach 1.22 in the next quarter, and analysts are predicting that it will be 5.62 at the market close of one year from today.
Technical Analysis of Progress Software Corp (PRGS)
If we take a close look at the recent performances of Progress Software Corp (NASDAQ: PRGS), its last 5-days Average volume was 0.43 million that shows plunge from its year to date volume of 0.5 million. During the previous 9 days, stock’s Stochastic %D was recorded 72.55% While, its Average True Range was 1.46.
Raw Stochastic average of Progress Software Corp (PRGS) in the period of the previous 100 days is set at 82.95%, which indicates a major rise in contrast to 46.08% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 21.35% that was lower than 26.69% volatility it exhibited in the past 100-days period.
