Earnings is just around the corner for Progress Software Corporation (NASDAQ:PRGS) as the firm is slated to issue their report on 1/10/2017 4:30:00 PM. The firm has most recently posted quarter over quarter growth of 287.30% and sales growth of 7.80% quarter over quarter.
In terms of the trend lines, Progress Software Corporation (NASDAQ:PRGS) shares are currently -3.37% off of their 52-week high and 43.15% off from the 52-week low point. The stock is 13.22% from the 200-day moving average and 5.08% from the 50-day average. The Relative Strength Index for the stock stands at 53.88.
Increased volatility should be expected heading into and immediately after the Progress Software Corporation (NASDAQ:PRGS) earnings report. According to the most recent data, the average true range stands at 0.62 which is a measure of the most recent volatility. The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low). The average volatility for the week stands at 1.79% and 1.94% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 0.71.
So is there any potential upside for the stock if Progress Software Corporation is able to meet or beat earnings? Analysts, on a consensus basis have a $30.67 on the stock, compared to a recent bid of $31.38. The average broker recommendation yields a score of 2.80, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.
Heading into the earnings report, 1.50% shares are held by company insiders. On the institutional front, 93.60% of Progress Software Corporation (NASDAQ:PRGS) are owned by firms or funds. Over the past few months, insider transactions have trended -70.75% while institutions saw a change of 0.26% in company stock.
Year to date, Progress Software Corporation (NASDAQ:PRGS) holders have seen returns of -2.00%. Over the past month the stock moved 2.79% and most recently shares over the past five trading days have moved -2.00%.