Perficient Inc. [NASDAQ: PRFT] surged by $25.15 during the normal trading session on while it closed the day at $73.26.
Perficient Inc. stock has also gained 68.57% of its value over the past 7 days. However, PRFT stock has inclined by 6.02% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.77% and gained 11.30% year-on date.
The market cap for PRFT stock reached $2.56 billion, with 34.96 million shares outstanding and 34.19 million shares in the current float. Compared to the average trading volume of 312.07K shares, PRFT reached a trading volume of 11645688 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Perficient Inc. [PRFT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRFT shares is $72.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRFT stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Alliance Global Partners have made an estimate for Perficient Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 23, 2024. While these analysts kept the previous recommendation, Guggenheim raised their target price to Neutral. The new note on the price target was released on March 19, 2024, representing the official price target for Perficient Inc. stock. Previously, the target price had yet another raise to $70, while Scotiabank analysts kept a Sector Perform rating on PRFT stock. On July 28, 2023, analysts decreased their price target for PRFT shares from 84 to 70.
The Average True Range (ATR) for Perficient Inc. is set at 3.71, with the Price to Sales ratio for PRFT stock in the period of the last 12 months amounting to 2.88. The Price to Book ratio for the last quarter was 4.72, with the Price to Cash per share for the same quarter was set at 3.38. Price to Free Cash Flow for PRFT in the course of the last twelve months was 18.59 with Quick ratio for the last quarter at 4.15.
PRFT stock trade performance evaluation
Perficient Inc. [PRFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 68.57. With this latest performance, PRFT shares gained by 42.31% in over the last four-week period, additionally plugging by 20.77% over the last 6 months – not to mention a drop of -1.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRFT stock in for the last two-week period is set at 79.36, with the RSI for the last a single of trading hit 87.32, and the three-weeks RSI is set at 72.52 for Perficient Inc. [PRFT]. The present Moving Average for the last 50 days of trading for this stock 55.04, while it was recorded at 52.94 for the last single week of trading, and 61.58 for the last 200 days.
Perficient Inc. [PRFT]: An insightful look at the core fundamentals
Perficient Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.15 and a Current Ratio set at 4.18.
Earnings per share (EPS) analysis for Perficient Inc. [PRFT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRFT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Perficient Inc. go to 12.00%.
Perficient Inc. [PRFT]: Institutional Ownership
The top three institutional holders of PRFT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PRFT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PRFT stock with ownership which is approximately 5.8386%.
