Procore Technologies Inc [NYSE: PCOR] surged by $1.95 during the normal trading session on while it closed the day at $57.11.
Procore Technologies Inc stock has also gained 3.12% of its value over the past 7 days. However, PCOR stock has declined by -15.58% in the 3 months of the year. Over the past six months meanwhile, it has lost -27.71% and lost -17.49% year-on date.
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The market cap for PCOR stock reached $8.43 billion, with 144.81 million shares outstanding and 134.75 million shares in the current float. Compared to the average trading volume of 1.97M shares, PCOR reached a trading volume of 2513413 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 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 $65.25 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 1.90. 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 2.20, with the Price to Sales ratio for PCOR stock in the period of the last 12 months amounting to 7.94. The Price to Book ratio for the last quarter was 6.72, with the Price to Cash per share for the same quarter was set at 4.98. Price to Free Cash Flow for PCOR in the course of the last twelve months was 54.21 with Quick ratio for the last quarter at 1.55.
PCOR stock trade performance evaluation
Procore Technologies Inc [PCOR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.12. With this latest performance, PCOR shares gained by 2.29% in over the last four-week period, additionally sinking by -27.71% over the last 6 months – not to mention a drop of -10.63% 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 47.24, with the RSI for the last a single of trading hit 51.10, and the three-weeks RSI is set at 45.63 for Procore Technologies Inc [PCOR]. The present Moving Average for the last 50 days of trading for this stock 61.55, while it was recorded at 54.81 for the last single week of trading, and 68.18 for the last 200 days.
Procore Technologies Inc [PCOR]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Procore Technologies Inc [PCOR] 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 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 56.00%.
Procore Technologies Inc [PCOR]: Institutional Ownership
There are presently around $88.01%, or 95.34%% of PCOR stock, in the hands of institutional investors. The top three institutional holders of PCOR stocks are: ICONIQ CAPITAL, LLC with ownership of 27.99 million shares, which is approximately 19.2427%. VANGUARD GROUP INC, holding 10.19 million shares of the stock with an approximate value of $$675.61 million in PCOR stocks shares; and VANGUARD GROUP INC, currently with $$457.55 million in PCOR stock with ownership which is approximately 4.7432%.
