Progress Story

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PRGS -- USA Stock  

USD 41.97  0.32  0.77%

The predictive indicators we use to evaluate Progress help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Progress Software. We apply different methods to arrive at the intrinsic value of Progress based on widely used predictive technical indicators. Let's try to sum up what's happening with Progress Software amid unprecedented political, and economic uncertainty.
Published over a week ago
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Should I exit my Progress Software (NASDAQ:PRGS) holdings?
The company's average rating is Strong Buy from 2 analysts. Our recommendation tool can be used to complement Progress Software trade recommendations provided by experts. It analyzes the firm's potential to grow against your specific risk preferences and investment horizon.
The successful prediction of Progress Software stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Progress Software, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Progress Software based on Progress Software hews, social hype, general headline patterns, and widely used predictive technical indicators. We also calculate exposure to Progress Software's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Progress Software's related companies.

Use Technical Analysis to project Progress expected Price

Progress Software technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Progress Software technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Progress Software trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How Progress utilizes its cash?

To perform a cash flow analysis of Progress Software, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Progress Software is receiving and how much cash it distributes out in a given period. The Progress Software cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Progress Software Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Progress Software reported last year Net Cash Flow from Operations of 115.64 Million

A Deeper Perspective

Progress Software reported the previous year's revenue of 436.8 M. Net Income was 57.32 M with profit before overhead, payroll, taxes, and interest of 363.94 M.
 2017 2018 2020 2021 (projected)
Accounts Payable10.59 M10.6 M9.54 M9.5 M
Receivables58.45 M72.82 M83.74 M88.12 M

Deferred Revenue Breakdown

Progress Software Deferred Revenue yearly trend continues to be relatively stable with very little volatility. Deferred Revenue is likely to drop to about 114.1 M. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Progress Software Deferred Revenue is relatively stable at the moment as compared to the past year. Progress Software reported last year Deferred Revenue of 123.98 Million
2010
2011
2012
2013
2014
2015
2020
2021
201064.46 Million
2011106.74 Million
201297.54 Million
201396.24 Million
2014134.07 Million
2015137.76 Million
2020123.98 Million
2021114.08 Million

Progress Software has 80 percent chance to finish below $46 next week

Latest Risk Adjusted Performance is up to -0.09. Price may fall again. As of the 13th of January 2021, Progress Software holds the coefficient of variation of (585.12), and Risk Adjusted Performance of (0.09). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Progress Software, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Progress Software, which can be compared to its competitors. Please check Progress Software variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Progress Software is priced some-what accurately, providing market reflects its current price of 47.37 per share. Given that Progress Software has jensen alpha of (2.55), we recommend you to check out Progress Software's recent market performance to make sure the company can sustain itself at a future point.

The Bottom Line

While some companies in the software?application industry are either recovering or due for a correction, Progress may not be as strong as the others in terms of longer-term growth potentials. While some retail investors may not share our view we believe it may be a good time to drop Progress as the risk-reward trade off is not appealing enough to hold a position. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Progress Software.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Progress Software. Please refer to our Terms of Use for any information regarding our disclosure principles.

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