Progress Software Corp (NASDAQ: PRGS) on Tuesday, plunged -3.14% from the previous trading day, before settling in for the closing price of $56.45. Within the past 52 weeks, PRGS’s price has moved between $48.00 and $70.56.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 12.86%. The company achieved an average annual earnings per share of 7.44%. With a float of $42.26 million, this company’s outstanding shares have now reached $43.02 million.
Considering the fact that the conglomerate employs 2815 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 80.14%, operating margin of 15.58%, and the pretax margin is 9.91%.
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 1.78%, while institutional ownership is 116.86%. The most recent insider transaction that took place on Apr 04 ’25, was worth 39,572. In this transaction Chief Information Officer of this company sold 703 shares at a rate of $56.29, taking the stock ownership to the 8,317 shares. Before that another transaction happened on Apr 04 ’25, when Company’s Officer proposed sale 703 for $57.99, making the entire transaction worth $40,767.
Progress Software Corp (PRGS) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.54% 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
Progress Software Corp (PRGS) is currently performing well based on its current performance indicators. A quick ratio of 0.79 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 2.92. Likewise, its price to free cash flow for the trailing twelve months is 11.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.29, a number that is poised to hit 1.30 in the next quarter and is forecasted to reach 5.84 in one year’s time.
Technical Analysis of Progress Software Corp (PRGS)
Compared to the last year’s volume of 0.8 million, its volume of 1.08 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 58.83%. Additionally, its Average True Range was 2.17.
During the past 100 days, Progress Software Corp’s (PRGS) raw stochastic average was set at 20.14%, which indicates a significant decrease from 46.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.86% in the past 14 days, which was higher than the 34.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.88, while its 200-day Moving Average is $60.12. Nevertheless, the first resistance level for the watch stands at $57.67 in the near term. At $60.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $62.49. If the price goes on to break the first support level at $52.85, it is likely to go to the next support level at $51.01. Now, if the price goes above the second support level, the third support stands at $48.03.
Progress Software Corp (NASDAQ: PRGS) Key Stats
Market capitalization of the company is 2.35 billion based on 43,026K outstanding shares. Right now, sales total 753,410 K and income totals 68,440 K. The company made 238,020 K in profit during its latest quarter, and 10,950 K in sales during its previous quarter.
