Pagerduty Inc (NYSE: PD) – Time For Strategy Change?

Pagerduty Inc (NYSE:PD) currently has a daily average trading volume of 1.35M but it saw 967866 shares traded in last market. With a market cap of 2.07B USD, the company’s current market price of $22.33 came falling about -3.63 while comparing to the previous closing price of $23.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $35.06 and as low as $19.18.

Taking a look at 20-day trading activity of Pagerduty Inc (PD) gives us an average price of $22.38, while its current price level is -36.31% below from 52-week high level whereas it is 16.42% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.31 while that of 200 days or SMA-200 reads an average of $23.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.93% during that period while stretching the period over a month that decreases to 3.73%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.71 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Truist which upgraded the stock as “Buy” in its note to investors issued on March 18, 2024, recommending a price target of between $25 and $30 for it. Morgan Stanley downgraded its recommendation for the stock as a “Equal-Weight” from “Overweight” on January 24, 2024 while assigning a price target of $30. BofA Securities issued its recommendations for the stock as it initiated the price target for the stock is $30.

Over the week, PD’s stock price is moving -0.27% down while it is -6.37% when we observe its performance for the past one month. Year-to-date it is -3.54% down and over the past year, the stock is showing a downside performance of -30.91%.

The latest quarterly earnings report issued by the company was for quarter ended 1/30/2024, when its quarterly earnings per share (EPS) of $0.17 beat the consensus estimate of $0.15 for the same. For PD, analysts are forecasting an EPS-growth rate of -9.50% for current year and estimate for EPS growth in next year is 23.90%. In next quarter, company is expected to be making quarterly sales of $116.33 million as analysts are expecting the sales for current fiscal year at $474.27 million and seeing the company making $540.25 million in sales next year. Moreover, analysts are in estimates of $111.45 million for current-quarter revenue.

Currently, Pagerduty Inc’s total number of outstanding shares is 92.74M with 4.56% of that held by the insiders while 96.06% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -13.05% and return on equity (ROE) at -39.63%. It has a 27.22 of forward P/E ratio. Stock’s beta reads 0.90. Stock has a price to book (P/B) ratio of 12.07 while price to sale or P/S ratio amounts to 4.81. Its return on asset (ROA) is -9.38% on average.