PRGX Global Story

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PRGX -- USA Stock  

USD 4.75  0.13  2.66%

PRGX Global Long Term Debt to Equity is fairly stable at the moment as compared to the past year. PRGX Global reported Long Term Debt to Equity of 0.69 in 2019. Calculated Tax Rate is likely to grow to 40.09 in 2020, whereas Net Income Per Employee is likely to drop (9.4 K) in 2020. In this article, we will break down PRGX Global as a potential position in addition to your existing holdings. We will inspect why it could be a game-changer for PRGX Global investors.
Published over two months ago
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Are PRGX Global (NASDAQ:PRGX) investors starting to hold back?
Over 72.0% of PRGX Global shares are owned by institutional investors. Institutional ownership of PRGX Global refers to the amount of PRGX Global equity owned by mutual funds, pension funds, insurance companies, investment firms, foundations, or other large entities that manage money on behalf of others. Check out our latest analysis of PRGX Global, including its current ownership diagnostics.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as PRGX Global. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Predictive Modules for PRGX Global


How important is PRGX Global's Liquidity

PRGX Global financial leverage refers to using borrowed capital as a funding source to finance PRGX Global ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. PRGX Global financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between PRGX Global's total debt and its cash.

How PRGX Global utilizes its cash?

To perform a cash flow analysis of PRGX Global, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash PRGX Global is receiving and how much cash it distributes out in a given period. The PRGX Global cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. PRGX Global Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. PRGX Global reported Net Cash Flow from Operations of 10.5 Million in 2019

Acquisition by William Kimble of 30769 shares of PRGX Global subject to Rule 16b-3

Legal trades by PRGX Global insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
PRGX Global insider trading alert for grant of restricted stock unit by William Kimble, the corporate stakeholder, on 19th of June 2020. This event was filed by Prgx Global Inc with SEC on 2020-06-19. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking down PRGX Global Indicators

PRGX Global shows above-average downside volatility for the selected time horizon. We advise investors to inspect PRGX Global further and ensure that all market timing and asset allocation strategies are consistent with the estimation of PRGX Global future alpha.

Returns Breakdown

Return on Investment(13.043918)
Return on Assets(11.251566)
Return on Equity(23.590502)
Return Capital(0.127468)
Return on Sales(0.019421)

PRGX Global implied volatility may change after the rise

The total risk alpha is down to 0.23 as of today. PRGX Global shows above-average downside volatility for the selected time horizon. We advise investors to inspect PRGX Global further and ensure that all market timing and asset allocation strategies are consistent with the estimation of PRGX Global future alpha.

The Bottom Line

While some other companies within the specialty business services industry are still a little expensive, even after the recent corrections, PRGX Global may offer a potential longer-term growth to investors. The bottom line, as of the 28th of July 2020, our overall 30 days buy-or-sell advice on the company is Strong Hold. We believe PRGX Global is currently undervalued with very high probability of distress for the next two years.

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 PRGX Global. Please refer to our Terms of Use for any information regarding our disclosure principles.

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