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Tuesday, June 6, 2023

The Question Is Whether To Buy Or Not To Buy PROG Holdings Inc. (NYSE: PRG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for PROG Holdings Inc. (PRG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.16, or -0.53%, to $29.85. The PROG Holdings Inc. has recorded 52,511 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that CORRECTING and REPLACING PROG Holdings Exceeds First Quarter 2023 Expectations, Raises Full-Year Earnings Outlook.

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Stocks Info

PROG Holdings Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Rental & Leasing Services industry. At the end of the last regular session, the stock closed at $30.01 and fluctuated between $30.71 as its day high and $29.89 as its day low. The current market capitalization of PROG Holdings Inc. is $1.41B. A total of 0.49 million shares were traded on the day, compared to an average of 564.03K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PRG has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 67,459 and the disposition of 36,598 shares. Over the last 12 months, there were 18 BUYs and 4 SELLs from insiders. Insiders purchased 205,253 shares during that period but sold 36,598.

In the most recent transaction, Thomas Eugene Vin IV bought 618 shares of PRG for 15.95 per share on Oct 31. After the transaction, the General Counsel and Corp Sec now owns 34,351 company shares. In a previous transaction on Aug 03, Doman Curtis Linn bought 50,000 shares at 19.25 per share. PRG shares that Chief Innovation Officer-PROG owns now total 72,000.

Among the insiders who bought shares, Garner Brian acquired of 2,500 shares on Aug 03 at a per-share price of $19.39. This resulted in the Chief Financial Officer holding 38,523 shares of PRG after the transaction. In another insider transaction, Thomas Eugene Vin IV bought 1,200 shares at $19.39 per share on Aug 03. Company shares held by the General Counsel and Corp Sec now total 33,733.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PRG in the last 3 months, the mean price target is $35.00 with high estimates of $38.00 and low estimates of $31.00. In terms of 52-week highs and lows, PRG has a high of $31.60 and a low of $12.11.

As of this writing, PRG has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.67 per share and a lower estimate of $0.62. The company reported an EPS of $0.84 in the last quarter, which was 42.40% higher than expectations of $0.59.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PRG’s latest balance sheet shows that the firm has $170.16M in Cash & Short Term Investments as of fiscal 2021. There were $615.06M in debt and $181.02M in liabilities at the time. Its Book Value Per Share was $12.22, while its Total Shareholder’s Equity was $679.41M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRG is Overweight with a score of 4.20. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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