Pros Holdings Inc (NYSE:PRO) shares, rose in value on Friday, November 01, with the stock price up by 5.81% to the previous day’s close as strong demand from buyers drove the stock to $20.95.
Actively observing the price movement in the last trading, the stock closed the session at $19.80, falling within a range of $20.045 and $21.1. The value of beta (5-year monthly) was 1.202. Referring to stock’s 52-week performance, its high was $40.99, and the low was $16.64. On the whole, PRO has fluctuated by 17.70% over the past month.
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With the market capitalization of Pros Holdings Inc currently standing at about $991.06 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 330.18M, with a low estimate of 84.4M and a high estimate of 85.34M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 84.83M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PRO’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of PRO currently trading nearly 10.95% and 12.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.11, while the 7-day volatility ratio is showing 6.62% which for the 30-day chart, stands at 4.29%. Furthermore, Pros Holdings Inc (PRO)’s beta value is 1.19, and its average true range (ATR) is 0.97.
A comparison of Pros Holdings Inc (PRO) with its peers suggests the former has fared considerably weaker in the market. PRO showed an intraday change of 5.81% in last session, and over the past year, it shrunk by -37.70%%.
Data on historical trading for Pros Holdings Inc (NYSE:PRO) indicates that the trading volumes over the past 10 days have averaged 0.55 and over the past 3 months, they’ve averaged 696.71K. According to company’s latest data on outstanding shares, there are 46.50 million shares outstanding.
Nearly 9.52% of Pros Holdings Inc’s shares belong to company insiders and institutional investors own 93.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.26 million shares as on 2024-10-15, resulting in a short ratio of 6.37. According to the data, the short interest in Pros Holdings Inc (PRO) stood at 800.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.38 million. The stock has fallen by -45.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRO stock heading into the next quarter.
