Procore Technologies Inc [NYSE: PCOR] gained 3.69% or 3.05 points to close at $85.72 with a heavy trading volume of 5569626 shares.
The daily chart for PCOR points out that the company has recorded 29.33% gains over the past six months.
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If we look at the average trading volume of 1.91M shares, PCOR reached to a volume of 5569626 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 $82.65 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 1.81. 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.
UBS have made an estimate for Procore Technologies Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 02, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $71 to $85. The new note on the price target was released on November 22, 2024, representing the official price target for Procore Technologies Inc stock. Previously, the target price had yet another raise to $73, while Robert W. Baird analysts kept a Outperform rating on PCOR stock. On August 02, 2024, analysts decreased their price target for PCOR shares from 90 to 60.
The Average True Range (ATR) for Procore Technologies Inc is set at 2.51, with the Price to Sales ratio for PCOR stock in the period of the last 12 months amounting to 11.48. The Price to Book ratio for the last quarter was 9.91, with the Price to Cash per share for the same quarter was set at 5.09. Price to Free Cash Flow for PCOR in the course of the last twelve months was 81.61 with Quick ratio for the last quarter at 1.57.
Trading performance analysis for PCOR stock
Procore Technologies Inc [PCOR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.80. With this latest performance, PCOR shares gained by 28.69% in over the last four-week period, additionally plugging by 29.33% over the last 6 months – not to mention a rise of 38.37% 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 82.48, with the RSI for the last a single of trading hit 86.65, and the three-weeks RSI is set at 78.49 for Procore Technologies Inc [PCOR]. The present Moving Average for the last 50 days of trading for this stock 67.40, while it was recorded at 82.37 for the last single week of trading, and 67.72 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 1.57 and a Current Ratio set at 1.57.
An analysis of Institutional ownership at Procore Technologies Inc [PCOR]
There are presently around $89.80%, or 98.04%% 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%.
