Progressive Corp (NYSE:PGR) shares, rose in value, with the stock price down by -0.17% to the previous day’s close as strong demand from buyers drove the stock to $276.55.
Actively observing the price movement in the recent trading, the stock is buoying the session at $277.03. The PE ratio was 18.62 over 12-month period. Referring to stock’s 52-week performance, its high was $292.99, and the low was $197.62. On the whole, PGR has fluctuated by 0.09% over the past month.
With the market capitalization of Progressive Corp currently standing at about $162.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 0.14%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 86.18B, with a low estimate of 20.21B and a high estimate of 21.62B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20.74B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PGR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.74, with the price of PGR currently trading nearly -1.77% and 0.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.19, while the 7-day volatility ratio is showing 0.83% which for the 30-day chart, stands at 1.20%. Furthermore, Progressive Corp (PGR)’s beta value is 0.39, and its average true range (ATR) is 5.64.
A comparison of Progressive Corp (PGR) with its peers suggests the former has fared considerably weaker in the market. PGR showed an intraday change of -0.17% in today’s session so far, and over the past year, it grew by 38.18%%.
Data on historical trading for Progressive Corp (NYSE:PGR) indicates that the trading volumes over the past 3 months, they’ve averaged 3.25 million. According to company’s latest data on outstanding shares, there are 586.00 million shares outstanding.
Nearly 0.28% of Progressive Corp’s shares belong to company insiders and institutional investors own 87.76% of the company’s shares. The stock has risen by 17.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PGR stock heading into the next quarter.
