Progress Software Corp Shares Up 3.15 percent on Nov 21
PRGS Stock | USD 68.67 0.36 0.53% |
Slightly above 59% of all Progress Software's private investors are looking to take a long position. The analysis of the overall prospects from investing in Progress Software suggests that some traders are, at the present time, interested. Progress Software's investing sentiment can be driven by a variety of factors including economic data, Progress Software's earnings reports, geopolitical events, and overall market trends.
Progress |
Shares of Progress Software Corp surged 3.15 percent in mid-day trading on Nov 21. The stock reached an intraday high of 69.31, before settling at 69.23,
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Progress Software Current Investor Sentiment
Panic Vs Confidence
59
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Progress Software's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Progress Software.
News SentimentBullish | Hype SentimentNeutral | Insider SentimentDisposing |
Progress Software Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Progress Software can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Progress Software Historical Investor Sentiment
Investor biases related to Progress Software's public news can be used to forecast risks associated with an investment in Progress. The trend in average sentiment can be used to explain how an investor holding Progress can time the market purely based on public headlines and social activities around Progress Software. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Progress Software's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progress Software and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Progress Software news discussions. The higher the estimate score, the more favorable the investor's outlook on Progress Software.
Progress Software Fundamental Analysis
We analyze Progress Software's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Progress Software using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Progress Software based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Progress Software is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Progress Software Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Progress Software stock to make a market-neutral strategy. Peer analysis of Progress Software could also be used in its relative valuation, which is a method of valuing Progress Software by comparing valuation metrics with similar companies.
Peers
Progress Software Related Equities
SPNS | Sapiens International | 0.91 | ||||
AGYS | Agilysys | 0.57 | ||||
PYCR | Paycor HCM | 0.16 | ||||
ENFN | Enfusion | 0.1 | ||||
ONTF | ON24 | 0.15 | ||||
PDFS | PDF Solutions | 1.22 | ||||
MLNK | Meridianlink | 1.37 | ||||
PLUS | EPlus | 2.30 | ||||
PRO | PROS Holdings | 5.93 |
Additional Tools for Progress Stock Analysis
When running Progress Software's price analysis, check to measure Progress Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.