Procore Technologies Inc (PCOR) Outlook Starting To Look Brighter?

Procore Technologies Inc (PCOR) concluded trading on Wednesday at a closing price of $85.72, with 5.57 million shares of worth about $477.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.33% during that period and on December 04, 2024 the price saw a gain of about 3.69%. Currently the company’s common shares owned by public are about 148.66M shares, out of which, 136.69M shares are available for trading.

Stock saw a price change of 6.80% in past 5 days and over the past one month there was a price change of 28.69%. Year-to-date (YTD), PCOR shares are showing a performance of 23.84% which increased to 38.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.46 but also hit the highest price of $83.35 during that period. The average intraday trading volume for Procore Technologies Inc shares is 1.91 million. The stock is currently trading 14.11% above its 20-day simple moving average (SMA20), while that difference is up 27.17% for SMA50 and it goes to 26.58% higher than SMA200.

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Procore Technologies Inc (NYSE: PCOR) currently have 148.66M outstanding shares and institutions hold larger chunk of about 89.29% of that.

The stock has a current market capitalization of $12.74B and its 3Y-monthly beta is at 0.82. It has posted earnings per share of -$0.50 in the same period. It has Quick Ratio of 1.57 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PCOR, volatility over the week remained 2.52% while standing at 3.37% over the month.

Stock’s fiscal year EPS is expected to rise by 248.25% while it is estimated to increase by 16.37% in next year.

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 UBS on December 02, 2024 offering a Buy rating for the stock and assigned a target price of $105 to it. Coverage by BMO Capital Markets stated Procore Technologies Inc (PCOR) stock as an Outperform in their note to investors on November 22, 2024, suggesting a price target of $85 for the stock. On September 24, 2024, Robert W. Baird Initiated their recommendations, while on August 02, 2024, DA Davidson Downgrade their ratings for the stock with a price target of $60. Stock get an Equal weight rating from Barclays on August 02, 2024.

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