Procept BioRobotics Corp (NASDAQ:PRCT) shares, rose in value on Wednesday, March 26, with the stock price down by -0.32% to the previous day’s close as strong demand from buyers drove the stock to $62.33.
Actively observing the price movement in the last trading, the stock closed the session at $62.53, falling within a range of $61.01 and $63.13. The value of beta (5-year monthly) was 1.052. Referring to stock’s 52-week performance, its high was $103.81, and the low was $45.56. On the whole, PRCT has fluctuated by -0.61% over the past month.
With the market capitalization of Procept BioRobotics Corp currently standing at about $3.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 321.67M, with a low estimate of 65.04M and a high estimate of 65.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 65.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PRCT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of PRCT currently trading nearly 3.69% and -6.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.38, while the 7-day volatility ratio is showing 4.33% which for the 30-day chart, stands at 5.91%. Furthermore, Procept BioRobotics Corp (PRCT)’s beta value is 1.06, and its average true range (ATR) is 3.36.
A comparison of Procept BioRobotics Corp (PRCT) with its peers suggests the former has fared considerably weaker in the market. PRCT showed an intraday change of -0.32% in last session, and over the past year, it grew by 30.75%%.
Data on historical trading for Procept BioRobotics Corp (NASDAQ:PRCT) indicates that the trading volumes over the past 10 days have averaged 0.8 and over the past 3 months, they’ve averaged 898.95K. According to company’s latest data on outstanding shares, there are 54.72 million shares outstanding.
Nearly 5.37% of Procept BioRobotics Corp’s shares belong to company insiders and institutional investors own 92.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.83 million shares as on 2025-03-14, resulting in a short ratio of 5.19. According to the data, the short interest in Procept BioRobotics Corp (PRCT) stood at 1432.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 5.68 million. The stock has fallen by -22.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRCT stock heading into the next quarter.
