Procore Technologies Inc [NYSE: PCOR] stock went on an upward path that rose over 0.83% on Thursday, amounting to a one-week price increase of more than 3.01%.
Over the last 12 months, PCOR stock dropped by -11.21%. The one-year Procore Technologies Inc stock forecast points to a potential upside of 8.25. The average equity rating for PCOR stock is currently 1.90, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $8.98 billion, with 144.81 million shares outstanding and 134.77 million shares in the current float. Compared to the average trading volume of 1.96M shares, PCOR stock reached a trading volume of 2291257 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $66.29 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.
Robert W. Baird have made an estimate for Procore Technologies Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 24, 2024. While these analysts kept the previous recommendation, DA Davidson dropped their target price from $90 to $60. 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 drop from $78 to $54, while Barclays kept a Equal Weight rating on PCOR stock.
The Average True Range (ATR) for Procore Technologies Inc is set at 1.83, with the Price to Sales ratio for PCOR stock in the period of the last 12 months amounting to 8.46. The Price to Book ratio for the last quarter was 7.15, 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 57.73 with Quick ratio for the last quarter at 1.55.
PCOR Stock Performance Analysis:
Procore Technologies Inc [PCOR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.01. With this latest performance, PCOR shares gained by 10.26% in over the last four-week period, additionally sinking by -18.87% over the last 6 months – not to mention a drop of -11.21% 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 55.24, with the RSI for the last a single of trading hit 57.85, and the three-weeks RSI is set at 52.92 for Procore Technologies Inc [PCOR]. The present Moving Average for the last 50 days of trading for this stock 58.04, while it was recorded at 59.92 for the last single week of trading, and 67.92 for the last 200 days.
Insight into Procore Technologies Inc 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.
PCOR Stock EPS
With the latest financial reports released by the company, Procore Technologies Inc posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.14. 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.
Procore Technologies Inc [PCOR] Institutonal Ownership Details
There are presently around $87.96%, or 95.28%% 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%.
