Progress Software Corp. (PRGS) concluded trading on Thursday at a closing price of $63.92, with 4.43 million shares of worth about $282.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.41% during that period and on September 25, 2024 the price saw a gain of about 11.85%. Currently the company’s common shares owned by public are about 43.80M shares, out of which, 42.09M shares are available for trading.
Stock saw a price change of 11.13% in past 5 days and over the past one month there was a price change of 11.34%. Year-to-date (YTD), PRGS shares are showing a performance of 17.72% which increased to 13.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.00 but also hit the highest price of $60.33 during that period. The average intraday trading volume for Progress Software Corp. shares is 395.13K. The stock is currently trading 10.86% above its 20-day simple moving average (SMA20), while that difference is up 11.95% for SMA50 and it goes to 18.15% higher than SMA200.
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Progress Software Corp. (NASDAQ: PRGS) currently have 43.80M outstanding shares and institutions hold larger chunk of about 112.04% of that.
The stock has a current market capitalization of $2.73B and its 3Y-monthly beta is at 0.91. PE ratio of stock for trailing 12 months is 34.27, while it has posted earnings per share of $1.87 in the same period. Its PEG reads 17.13 and has Quick Ratio of 1.12 while making debt-to-equity ratio of 1.91. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRGS, volatility over the week remained 3.64% while standing at 2.19% over the month.
Stock’s fiscal year EPS is expected to rise by 10.24% while it is estimated to increase by 13.97% in next year. EPS is likely to shrink at an annualized rate of 2.00% for next 5-years, compared to annual growth of 7.86% 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 DA Davidson on March 28, 2024 offering a Buy rating for the stock and assigned a target price of $65 to it. Coverage by Guggenheim stated Progress Software Corp. (PRGS) stock as a Buy in their note to investors on January 24, 2023, suggesting a price target of $60 for the stock. On September 09, 2022, Jefferies Initiated their recommendations, while on August 12, 2022, Guggenheim Initiated their ratings for the stock with a price target of $60. Stock get an Overweight rating from JP Morgan on October 22, 2021.
