Procore Technologies Inc [NYSE: PCOR] loss -15.53% or -10.44 points to close at $56.78 with a heavy trading volume of 15376572 shares.
The daily chart for PCOR points out that the company has recorded -21.24% loss over the past six months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If we look at the average trading volume of 1.49M shares, PCOR reached to a volume of 15376572 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Procore Technologies Inc [PCOR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCOR shares is $66.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PCOR stock is a recommendation set at 1.85. 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.
DA Davidson have made an estimate for Procore Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 02, 2024. While these analysts kept the previous recommendation, Barclays dropped their target price from $78 to $54. The new note on the price target was released on August 02, 2024, representing the official price target for Procore Technologies Inc stock. Previously, the target price had yet another raise to $70, while Macquarie analysts kept a Neutral rating on PCOR stock. On June 04, 2024, analysts decreased their price target for PCOR shares from 75 to 70.
The Average True Range (ATR) for Procore Technologies Inc is set at 3.46, with the Price to Sales ratio for PCOR stock in the period of the last 12 months amounting to 7.83. The Price to Book ratio for the last quarter was 6.68, with the Price to Cash per share for the same quarter was set at 5.03. Price to Free Cash Flow for PCOR in the course of the last twelve months was 53.39 with Quick ratio for the last quarter at 1.55.
Trading performance analysis for PCOR stock
Procore Technologies Inc [PCOR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.24. With this latest performance, PCOR shares dropped by -17.49% in over the last four-week period, additionally sinking by -21.24% over the last 6 months – not to mention a drop of -21.56% 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 PCOR stock in for the last two-week period is set at 30.08, with the RSI for the last a single of trading hit 23.45, and the three-weeks RSI is set at 34.06 for Procore Technologies Inc [PCOR]. The present Moving Average for the last 50 days of trading for this stock 66.82, while it was recorded at 67.16 for the last single week of trading, and 68.34 for the last 200 days.
Procore Technologies Inc [PCOR]: A deeper dive into fundamental analysis
Procore Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.55 and a Current Ratio set at 1.55.
Procore Technologies Inc [PCOR]: An earnings per share (EPS) analysis
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 PCOR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Procore Technologies Inc go to 75.90%.
An analysis of Institutional ownership at Procore Technologies Inc [PCOR]
The top three institutional holders of PCOR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PCOR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PCOR stock with ownership which is approximately 5.1238%.
