Pegasystems Inc. (NASDAQ:PEGA) currently has a daily average trading volume of 453.66K but it saw 472289 shares traded on Wednesday. With a market cap of 3.18B USD, stock’s current market price of $37.49 came rising about 2.54 while comparing to the previous closing price of $36.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $119.04 and as low as $29.05. In the recent trading on the day, stock has struck highest price mark of $37.68 while lowest mark touched by it was $36.04.
Taking a look at 20-day trading activity of Pegasystems Inc. (PEGA) gives us an average price of $35.56, while its current price level is -68.51% below from 52-week high level whereas it is 29.05% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $33.98 while that of 200 days or SMA-200 reads an average of $52.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.48% during that period while stretching the period over a month that increases to 5.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.04 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 14 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 9 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Barclays which downgraded the stock as “Underweight” in its note to investors issued on October 18, 2022, recommending a price target of between $50 and $25 for it. Citigroup issued its recommendations for the stock as it initiated the price target for the stock is $39.
Over the week, PEGA’s stock price is moving -0.21% down while it is 12.52% when we observe its performance for the past one month. Year-to-date it is -66.47% down and over the past year, the stock is showing a downside performance of -67.97%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.34 beaten by the consensus estimate of -$0.29 for the same. The company is expected to be releasing its next quarterly report in 02/15/2023, for which analysts forecasted an EPS of $0.2 while estimate for next year EPS is $0.14. For PEGA, analysts are forecasting an EPS-growth rate of -36.40% for current year and estimate for EPS growth in next year is 278.60%. In next quarter, company is expected to be making quarterly sales of $391.2 million as analysts are expecting the sales for current fiscal year at $1.27 billion and seeing the company making $1.41 billion in sales next year. Moreover, analysts are in estimates of $348.08 million for current-quarter revenue.
Currently, Pegasystems Inc.’s total number of outstanding shares is 82.00M with 49.63% of that held by the insiders while 47.37% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -4.90% and return on equity (ROE) at -163.50%. It has a 71.27 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 47.46 while price to sale or P/S ratio amounts to 2.57. Its return on asset (ROA) is -30.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds Small Cap World Fu came shrinking its share ownership by 32.48% in the Pegasystems Inc. (PEGA) increasing its stake to 3.78% with control over 0.76 million shares in the company. As per SEC documents, American Funds Small Cap World Fu sought 3,110,030 of company’s common stock of worth $115.72 million as per recent closing price of the stock. American Funds Small Cap World Fu is not the only institutional holder which restructured its stake in Pegasystems Inc., as Fidelity Funds SICAV – Global Tec picked 1,255,140 shares of worth $46.7 million to bring its holdings to a total of 0.13 million shares. In the most recent quarter, Vanguard Total Stock Market Index came rising its stake by 0.57% in the company and now holds 1.25 million or 1.52% of the company’s stake having worth of about 46.44 million.