While Paycor HCM Inc has overperformed by 1.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PYCR fell by -29.81%, with highs and lows ranging from $22.65 to $10.92, whereas the simple moving average fell by -3.44% in the last 200 days.
On October 16, 2024, Stephens started tracking Paycor HCM Inc (NASDAQ: PYCR) recommending Overweight. A report published by Needham on August 15, 2024, Reiterated its previous ‘Buy’ rating for PYCR. BMO Capital Markets also reiterated PYCR shares as ‘Market Perform’, quoting a target price of $20 on the company’s shares in a report dated May 09, 2024. BTIG Research Initiated an Buy rating on February 06, 2024, and assigned a price target of $26. Jefferies January 05, 2024d its ‘Buy’ rating to ‘Hold’ for PYCR, as published in its report on January 05, 2024. UBS’s report from November 07, 2023 suggests a price prediction of $20 for PYCR shares, giving the stock a ‘Neutral’ rating. Mizuho also rated the stock as ‘Neutral’.
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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.
Paycor HCM Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. 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 be an extremely valuable indicator of volatility, and PYCR is registering an average volume of 845.31K. On a monthly basis, the volatility of the stock is set at 3.18%, whereas on a weekly basis, it is put at 3.42%, with a gain of 6.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.29, showing growth from the present price of $15.07, 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?
Besides checking the fundamentals, you should also know how many employees own shares in 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 54.63%. 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 42.00% 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 42.00% at present.
