While Procore Technologies Inc has overperformed by 0.51%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PCOR rose by 39.17%, with highs and lows ranging from $86.67 to $49.46, whereas the simple moving average jumped by 20.07% in the last 200 days.
On December 02, 2024, UBS started tracking Procore Technologies Inc (NYSE: PCOR) recommending Buy. A report published by BMO Capital Markets on November 22, 2024, Reiterated its previous ‘Outperform’ rating for PCOR. Robert W. Baird also rated PCOR shares as ‘Outperform’, setting a target price of $73 on the company’s shares in an initiating report dated September 24, 2024. DA Davidson August 02, 2024d the rating to Neutral on August 02, 2024, and set its price target from $90 to $60. Barclays August 02, 2024d its ‘Overweight’ rating to ‘Equal Weight’ for PCOR, as published in its report on August 02, 2024. Macquarie’s report from June 05, 2024 suggests a price prediction of $70 for PCOR shares, giving the stock a ‘Neutral’ rating. Mizuho also rated the stock as ‘Neutral’.
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Analysis of Procore Technologies Inc (PCOR)
Further, the quarter-over-quarter increase in sales is 19.35%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Procore Technologies Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -6.07% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.57, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PCOR is recording an average volume of 2.03M. On a monthly basis, the volatility of the stock is set at 3.61%, whereas on a weekly basis, it is put at 3.52%, with a loss of -3.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $83.88, showing growth from the present price of $81.58, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 7.99%. 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 89.28% 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 89.28% at present.
