While Paycor HCM Inc has overperformed by 1.22%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PYCR fell by -46.92%, with highs and lows ranging from $25.48 to $10.92, whereas the simple moving average fell by -17.31% in the last 200 days.
On August 15, 2024, Needham Reiterated Paycor HCM Inc (NASDAQ: PYCR) to Buy. A report published by BMO Capital Markets on May 09, 2024, Reiterated its previous ‘Market Perform’ rating for PYCR. BTIG Research also rated PYCR shares as ‘Buy’, setting a target price of $26 on the company’s shares in an initiating report dated February 06, 2024. Jefferies January 05, 2024d the rating to Hold on January 05, 2024, and set its price target from $27 to $22. UBS initiated its ‘Neutral’ rating for PYCR, as published in its report on November 07, 2023. Mizuho’s report from June 28, 2023 suggests a price prediction of $24 for PYCR shares, giving the stock a ‘Neutral’ rating. William Blair also rated the stock as ‘Mkt Perform’.
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Analysis of Paycor HCM Inc (PYCR)
Further, the quarter-over-quarter increase in sales is 17.68%, showing a positive trend in the upcoming months.
One of the most important indicators of Paycor HCM Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -4.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.06, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PYCR is recording 899.96K average volume. On a monthly basis, the volatility of the stock is set at 3.33%, whereas on a weekly basis, it is put at 3.39%, with a loss of -2.78% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.19, showing growth from the present price of $13.27, which can serve as yet another indication of whether PYCR is worth investing in or should be passed over.
How Do You Analyze Paycor HCM Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 54.62%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.35% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PYCR shares are owned by institutional investors to the tune of 43.35% at present.
