Pagerduty Inc (NYSE:PD) price on current trading day, rose 2.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $18.05.
A look at the stock’s price movement, the close in the last trading session was $17.63, moving within a range at $17.63 and $18.0599. The beta value (5-Year monthly) was 1.059. Turning to its 52-week performance, $26.70 and $16.46 were the 52-week high and 52-week low respectively. Overall, PD moved -3.01% over the past month.
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Pagerduty Inc’s market cap currently stands at around $1.68 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-28.
Analysts have a consensus estimate of 116.39M for the company’s revenue for the quarter, with a low and high estimate of 115.94M and 117.04M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 464.99M, representing a 8.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PD is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 6 recommend PD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PD’s current price about 0.98% and -4.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.69, while 7-day volatility ratio is 3.14% and 3.12% in the 30-day chart. Further, Pagerduty Inc (PD) has a beta value of 1.07, and an average true range (ATR) of 0.63. Analysts have given the company’s stock an average 52-week price target of $26.5, forecast between a low of $18 and high of $52. Looking at the price targets, the low is 0.28% off current price level while to achieve the yearly target high, price needs to move -188.09%. Nonetheless, investors will most likely welcome a -46.81% jump to $26.5 which is the analysts’ median price.
If we refocus on Pagerduty Inc (NYSE:PD), historical trading data shows that trading volumes averaged 0.81 over the past 10 days and 1.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 92.74 million shares.
The 6.11% of Pagerduty Inc’s shares are in the hands of company insiders while institutional holders own 95.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.65 million on 2024-09-13, giving us a short ratio of 9.84. The data shows that as of 2024-09-13 short interest in Pagerduty Inc (PD) stood at 1561.9999000000003 of shares outstanding, with shares short falling to 11.04 million registered in 2024-08-15. Current price change has pushed the stock -22.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PD stock continues to rise going into the next quarter.
