While Procore Technologies Inc has overperformed by 0.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PCOR fell by -8.99%, with highs and lows ranging from $83.35 to $48.11, whereas the simple moving average fell by -6.95% in the last 200 days.
On September 24, 2024, Robert W. Baird started tracking Procore Technologies Inc (NYSE: PCOR) recommending Outperform. A report published by DA Davidson on August 02, 2024, Downgraded its rating to ‘Neutral’ for PCOR. Barclays also Downgraded PCOR shares as ‘Equal Weight’, setting a target price of $54 on the company’s shares in a report dated August 02, 2024. Macquarie Initiated an Neutral rating on June 05, 2024, and assigned a price target of $70. Mizuho June 04, 2024d its ‘Buy’ rating to ‘Neutral’ for PCOR, as published in its report on June 04, 2024. JP Morgan’s report from January 23, 2024 suggests a price prediction of $81 for PCOR shares, giving the stock a ‘Overweight’ rating. Oppenheimer also rated the stock as ‘Perform’.
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Analysis of Procore Technologies Inc (PCOR)
Further, the quarter-over-quarter increase in sales is 24.42%, showing a positive trend in the upcoming months.
Procore Technologies Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -7.64% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.55, 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.
The average volume for any stock is also a very valuable indicator of volatility, and PCOR has an average volume of 1.97M. On a monthly basis, the volatility of the stock is set at 2.72%, whereas on a weekly basis, it is put at 2.45%, with a gain of 3.67% over the past seven days. Furthermore, long-term investors anticipate a median target price of $66.29, showing growth from the present price of $63.05, which can serve as yet another indication of whether PCOR is worth investing in or should be passed over.
How Do You Analyze Procore Technologies Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 8.74%. 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 85.05% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PCOR shares are owned by institutional investors to the tune of 85.05% at present.
