Procept BioRobotics Corp (NASDAQ:PRCT) price on Friday, March 21, rose 0.40% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $58.10.
A look at the stock’s price movement, the close in the last trading session was $57.87, moving within a range at $56.14 and $58.57. The beta value (5-Year monthly) was 1.052. Turning to its 52-week performance, $103.81 and $45.56 were the 52-week high and 52-week low respectively. Overall, PRCT moved -11.15% over the past month.
Procept BioRobotics Corp’s market cap currently stands at around $3.18 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PRCT is a 100% 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 50% Sell category.
2 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 0 analyst(s) rate the stock as a Hold, 2 recommend PRCT 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.
PRCT’s current price about -4.16% and -14.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.72, while 7-day volatility ratio is 3.72% and 6.18% in the 30-day chart. Further, Procept BioRobotics Corp (PRCT) has a beta value of 1.09, and an average true range (ATR) of 3.38. Analysts have given the company’s stock an average 52-week price target of $105, forecast between a low of $105 and high of $105. Looking at the price targets, the low is -80.72% off current price level while to achieve the yearly target high, price needs to move -80.72%. Nonetheless, investors will most likely welcome a -80.72% jump to $105 which is the analysts’ median price.
If we refocus on Procept BioRobotics Corp (NASDAQ:PRCT), historical trading data shows that trading volumes averaged 0.79 over the past 10 days and 875.92K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.72 million shares.
The 5.38% of Procept BioRobotics Corp’s shares are in the hands of company insiders while institutional holders own 92.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.08 million on 2025-02-28, giving us a short ratio of 5.52. The data shows that as of 2025-02-28 short interest in Procept BioRobotics Corp (PRCT) stood at 1247.0 of shares outstanding, with shares short falling to 5.98 million registered in 2025-01-31. Current price change has pushed the stock -27.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRCT stock continues to rise going into the next quarter.
