Can Paycor HCM Inc (PYCR) stock recover despite sales dropping?

The price of Paycor HCM Inc (NASDAQ:PYCR) shares last traded on Wall Street unchanged to $22.17.

PYCR stock price is now 21.93% away from the 50-day moving average and 45.70% away from the 200-day moving average. The market capitalization of the company currently stands at $3.98B.

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With the price target enhanced from $19 to $24, BMO Capital Markets Upgraded its rating from Market Perform to Outperform for Paycor HCM Inc (NASDAQ: PYCR). On December 02, 2024, TD Cowen Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $18 to quote $22, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’

In other news, Rishel Jeremy, Director sold 3,723 shares of the company’s stock on Oct 16 ’24. The stock was sold for $52,196 at an average price of $14.02. Upon completion of the transaction, the Director now directly owns 21,218 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 08 ’24, Director Corr Jonathan sold 1,508 shares of the business’s stock. A total of $20,313 was realized by selling the stock at an average price of $13.47. This leaves the insider owning 15,464 shares of the company worth $0.34 million. A total of 54.38% of the company’s stock is owned by insiders.

During the past 12 months, Paycor HCM Inc has had a low of $10.92 and a high of $23.49. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 1.08, and a quick ratio of 1.08. The fifty day moving average price for PYCR is $18.0261 and a two-hundred day moving average price translates $15.20055 for the stock.

The latest earnings results from Paycor HCM Inc (NASDAQ: PYCR) was released for 2024-09-30. The net profit margin was -6.72% and return on equity was -3.55% for PYCR. The company reported revenue of $167.48 million for the quarter, compared to $143.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.64 percent.

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