There Is Clear Momentum For Perficient Inc. (NASDAQ: PRFT)

Perficient Inc. (PRFT) concluded trading on Thursday at a closing price of $56.29, with 0.47 million shares of worth about $26.18 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.30% during that period and on March 28, 2024 the price saw a gain of about 3.36%. Currently the company’s common shares owned by public are about 34.96M shares, out of which, 34.20M shares are available for trading.

Stock saw a price change of -3.91% in past 5 days and over the past one month there was a price change of -12.42%. Year-to-date (YTD), PRFT shares are showing a performance of -14.48% which decreased to -18.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.23 but also hit the highest price of $96.93 during that period. The average intraday trading volume for Perficient Inc. shares is 194.75K. The stock is currently trading -7.36% below its 20-day simple moving average (SMA20), while that difference is down -14.70% for SMA50 and it goes to -14.92% lower than SMA200.

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Perficient Inc. (NASDAQ: PRFT) currently have 34.96M outstanding shares and institutions hold larger chunk of about 96.10% of that.

The stock has a current market capitalization of $1.97B and its 3Y-monthly beta is at 1.43. PE ratio of stock for trailing 12 months is 20.43, while it has posted earnings per share of $2.76 in the same period. Its PEG reads 1.70 and has Quick Ratio of 4.15 while making debt-to-equity ratio of 0.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRFT, volatility over the week remained 4.54% while standing at 3.12% over the month.

Analysts are in expectations that Perficient Inc. (PRFT) stock would likely to be making an EPS of $0.77 in the current quarter, while forecast for next quarter EPS is $0.98 and it is $4.54 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.75 which is $0.81 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.63% while it is estimated to increase by 12.03% in next year. EPS is likely to shrink at an annualized rate of 12.00% for next 5-years, compared to annual growth of 30.32% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on March 19, 2024 offering a Neutral rating for the stock and assigned a target price of $65 to it. Coverage by Scotiabank stated Perficient Inc. (PRFT) stock as a Sector perform in their note to investors on July 28, 2023, suggesting a price target of $70 for the stock. On July 28, 2023, JP Morgan Downgrade their recommendations, while on February 17, 2023, Alliance Global Partners Downgrade their ratings for the stock with a price target of $81. Stock get a Buy rating from Alliance Global Partners on September 27, 2022.

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