Is Paycor HCM Inc (NASDAQ: PYCR) Proving The Doubters Wrong?

Paycor HCM Inc (PYCR) concluded trading on Thursday ata closing price of $13.83, with 3.86 million shares of worth about $53.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.85% during that period and on August 15, 2024 the price saw a gain of about 9.50%. Currently the company’s common shares owned by public are about 178.21M shares, out of which, 80.40M shares are available for trading.

However, the stock later moved at a day high price of 14.51, or with a gain of 9.50%. Stock saw a price change of 13.08% in past 5 days and over the past one month there was a price change of 5.33%. Year-to-date (YTD), PYCR shares are showing a performance of -35.94% which decreased to -39.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.92 but also hit the highest price of $25.48 during that period. The average intraday trading volume for Paycor HCM Inc shares is 1.21 million. The stock is currently trading 11.38% above its 20-day simple moving average (SMA20), while that difference is up 11.88% for SMA50 and it goes to -20.46% lower than SMA200.

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Paycor HCM Inc (NASDAQ: PYCR) currently have 178.21M outstanding shares and institutions hold larger chunk of about 43.51% of that.

The stock has a current market capitalization of $2.46B and its 3Y-monthly beta is at 0.40. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PYCR, volatility over the week remained 5.28% while standing at 3.98% over the month.

Stock’s fiscal year EPS is expected to rise by 6.61% while it is estimated to increase by 17.00% in next year. EPS is likely to grow at an annualized rate of 19.37% for next 5-years, compared to annual growth of 11.00% 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 Needham on August 15, 2024 offering a Buy rating for the stock and assigned a target price range of between $42 and $20 to it. Coverage by BMO Capital Markets stated Paycor HCM Inc (PYCR) stock as a Market perform in their note to investors on May 09, 2024, suggesting a price target of $20 for the stock. On February 06, 2024, BTIG Research Initiated their recommendations, while on January 05, 2024, Jefferies Downgrade their ratings for the stock with a price target of $22. Stock get a Neutral rating from UBS on November 07, 2023.

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