PROG Holdings Inc (NYSE: PRG) is 3.79% higher on its value in year-to-date trading and has touched a low of $21.94 and a high of $44.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PRG stock was last observed hovering at around $31.95 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $32.08, the stock is 2.58% and 3.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.41% at the moment leaves the stock 0.37% off its SMA200. PRG registered 35.42% gain for a year compared to 6-month loss of -4.55%. The firm has a 50-day simple moving average (SMA 50) of $0.77 and a 200-day simple moving average (SMA200) of $1.01.
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The stock witnessed a -3.92% gain in the last 1 month and extending the period to 3 months gives it a 7.43%, and is 0.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.62% over the week and 4.81% over the month.
PROG Holdings Inc (PRG) has around 1420 employees, a market worth around $1.40B and $2.41B in sales. Current P/E ratio is 10.83 and Fwd P/E is 10.03. Profit margin for the company is 5.77%. Distance from 52-week low is 46.22% and -28.41% from its 52-week high. The company has generated returns on investments over the last 12 months (11.58%).
PROG Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.82 with sales reaching $633.36M over the same period.The EPS is expected to shrink by -22.02% this year, but quarterly earnings will post -3.50% year-over-year. Quarterly sales are estimated to shrink -3.30% in year-over-year returns.
335 institutions hold shares in PROG Holdings Inc (PRG), with institutional investors hold 103.67% of the company’s shares. The shares outstanding are 43.67M, and float is at 42.54M with Short Float at 4.19%. Institutions hold 101.41% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.65 million shares valued at $245.73 million. The investor’s holdings represent 16.74% of the PRG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.71 million shares valued at $183.34 million to account for 12.49% of the shares outstanding. The other top investors are FMR, LLC which holds 3.36 million shares representing 7.34% and valued at over $107.83 million, while T. Rowe Price Investment Management, Inc. holds 4.73% of the shares totaling 2.16 million with a market value of $69.39 million.
