On Friday, Progress Software Corp (NASDAQ: PRGS) was -3.98% drop from the session before settling in for the closing price of $53.52. A 52-week range for PRGS has been $48.00 – $70.56.
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During the last 5-year period, the sales growth of Technology Sector giant was 12.86%. When this article was written, the company’s average yearly earnings per share was at 2.60%. With a float of $42.28 million, this company’s outstanding shares have now reached $43.36 million.
Let’s determine the extent of company efficiency that accounts for 2815 employees. In terms of profitability, gross margin is 78.21%, operating margin of 17.56%, and the pretax margin is 12.51%.
Progress Software Corp (PRGS) Breakdown of a Key Holders of the stock
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 1.73%, while institutional ownership is 116.91%. The most recent insider transaction that took place on Feb 03 ’25, was worth 56,240. In this transaction Chief Accounting Officer of this company sold 1,000 shares at a rate of $56.24, taking the stock ownership to the 4,303 shares. Before that another transaction happened on Feb 03 ’25, when Company’s Chief Information Officer sold 1,482 for $56.60, making the entire transaction worth $83,881. This insider now owns 7,613 shares in total.
Progress Software Corp (PRGS) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 2.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.49% during the next five years compared to 21.48% 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 0.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.93. Likewise, its price to free cash flow for the trailing twelve months is 10.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.55, a number that is poised to hit 1.06 in the next quarter and is forecasted to reach 5.76 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 0.81 million, which is a jump from its year-to-date volume of 0.73 million. As of the previous 9 days, the stock’s Stochastic %D was 8.19%. Additionally, its Average True Range was 1.38.
During the past 100 days, Progress Software Corp’s (PRGS) raw stochastic average was set at 0.21%, which indicates a significant decrease from 0.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.65% in the past 14 days, which was lower than the 29.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.19, while its 200-day Moving Average is $59.89. However, in the short run, Progress Software Corp’s stock first resistance to watch stands at $52.90. Second resistance stands at $54.41. The third major resistance level sits at $55.18. If the price goes on to break the first support level at $50.61, it is likely to go to the next support level at $49.84. Now, if the price goes above the second support level, the third support stands at $48.33.
Progress Software Corp (NASDAQ: PRGS) Key Stats
There are 43,025K outstanding shares of the company, which has a market capitalization of 2.21 billion. As of now, sales total 753,410 K while income totals 68,440 K. Its latest quarter income was 214,960 K while its last quarter net income were 1,150 K.
