Proassurance Corporation [NYSE: PRA] price surged by 48.13 percent to reach at $7.48.
The one-year PRA stock forecast points to a potential downside of -26.14. The average equity rating for PRA stock is currently 2.67, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Proassurance Corporation [PRA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRA shares is $18.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRA stock is a recommendation set at 2.67. 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.
Piper Sandler have made an estimate for Proassurance Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 11, 2024. While these analysts kept the previous recommendation, Janney raised their target price to Neutral. The new note on the price target was released on February 24, 2023, representing the official price target for Proassurance Corporation stock. Previously, the target price had yet another raise from $23 to $26, while Piper Sandler kept a Overweight rating on PRA stock.
The Average True Range (ATR) for Proassurance Corporation is set at 1.01, with the Price to Sales ratio for PRA stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 0.98.
PRA Stock Performance Analysis:
Proassurance Corporation [PRA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 49.97. With this latest performance, PRA shares gained by 60.19% in over the last four-week period, additionally plugging by 73.08% over the last 6 months – not to mention a rise of 94.10% 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 PRA stock in for the last two-week period is set at 87.02, with the RSI for the last a single of trading hit 91.84, and the three-weeks RSI is set at 82.44 for Proassurance Corporation [PRA]. The present Moving Average for the last 50 days of trading for this stock 15.24, while it was recorded at 17.14 for the last single week of trading, and 14.45 for the last 200 days.
Insight into Proassurance Corporation Fundamentals:
Proassurance Corporation’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.19.
Proassurance Corporation [PRA] Institutonal Ownership Details
There are presently around $86.56%, or 87.95%% of PRA stock, in the hands of institutional investors. The top three institutional holders of PRA stocks are: BLACKROCK INC. with ownership of 7.3 million shares, which is approximately 14.3083%. VANGUARD GROUP INC, holding 5.73 million shares of the stock with an approximate value of $$70.06 million in PRA stocks shares; and VANGUARD GROUP INC, currently with $$53.43 million in PRA stock with ownership which is approximately 8.563%.
