On Friday, Progress Software Corp (NASDAQ: PRGS) was -1.22% drop from the session before settling in for the closing price of $63.72. A 52-week range for PRGS has been $48.00 – $70.56.
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A company in the Technology sector has jumped its sales by 13.95% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 10.69%. With a float of $42.22 million, this company’s outstanding shares have now reached $42.90 million.
In an organization with 2284 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 77.45%, operating margin of 18.63%, and the pretax margin is 13.44%.
Progress Software Corp (PRGS) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Progress Software Corp stocks. The insider ownership of Progress Software Corp is 1.59%, while institutional ownership is 115.69%. The most recent insider transaction that took place on Nov 04 ’24, was worth 106,574. In this transaction EVP/GM Digital Experience of this company sold 1,666 shares at a rate of $63.97, taking the stock ownership to the 13,524 shares. Before that another transaction happened on Nov 01 ’24, when Company’s EVP/GM Infrastructure Mgmt sold 649 for $64.02, making the entire transaction worth $41,549. This insider now owns 18,469 shares in total.
Progress Software Corp (PRGS) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 10.69% 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
You can see what Progress Software Corp (PRGS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.77. Likewise, its price to free cash flow for the trailing twelve months is 11.51.
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 5.62 in one year’s time.
Technical Analysis of Progress Software Corp (PRGS)
Let’s dig in a bit further. During the last 5-days, its volume was 0.45 million. That was better than the volume of 0.42 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 40.52%. Additionally, its Average True Range was 1.22.
During the past 100 days, Progress Software Corp’s (PRGS) raw stochastic average was set at 50.18%, which indicates a significant increase from 24.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.79% in the past 14 days, which was lower than the 26.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $66.75, while its 200-day Moving Average is $58.64. However, in the short run, Progress Software Corp’s stock first resistance to watch stands at $63.97. Second resistance stands at $65.01. The third major resistance level sits at $65.58. If the price goes on to break the first support level at $62.36, it is likely to go to the next support level at $61.79. The third support level lies at $60.75 if the price breaches the second support level.
Progress Software Corp (NASDAQ: PRGS) Key Stats
There are 42,905K outstanding shares of the company, which has a market capitalization of 2.70 billion. As of now, sales total 694,440 K while income totals 70,200 K. Its latest quarter income was 178,690 K while its last quarter net income were 28,460 K.
