Ping Identity Holding Corp. (NYSE:PING) Relative Strength Index (RSI) is 60.48, with weekly volatility at 2.79% and ATR at 0.87. The PING stock’s 52-week price range has touched low of $19.97 and a $37.80 high. Intraday shares traded counted 0.64 million, which was 36.98% higher than its 30-day average trading volume of 1.01M. Its shares traded higher over the last trading session, gaining 0.52% on 06/09/21. The shares fell to a low of $24.96 before closing at $25.14. PING’s previous close was $25.01 while the outstanding shares total 81.34M.
Investors have identified the Software – Infrastructure company Ping Identity Holding Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.03 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Ping Identity Holding Corp. (PING) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 206.18 million total, with 71.6 million as their total liabilities.
PING were able to record 23.13 million as free cash flow during the 08/18/2021 quarter of the year, this saw their quarterly net cash flow reduce by -90.74 million. In cash movements, the company had a total of 24.09 million as operating cash flow.
Potential earnings growth for Ping Identity Holding Corp. (PING)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/18/2021 quarter of the year, Ping Identity Holding Corp. recorded a total of 68.94 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 10.92% coming in sequential stages and their sales for the 08/18/2021 quarter increasing by 8.25%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 20.81 million trying to sell their products during the last quarter, with the result yielding a gross income of 48.14 million. This allows shareholders to hold on to 81.34M with the recently reported earning now reading -0.20 cents per share. This is a figure that compared to analystâ€™s prediction for their 08/18/2021 (-0.12 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record -0.10 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PING sounds very interesting.
Is the stock of PING attractive?
In related news, Chief Legal Officer, ROMER LAUREN ADRIENNE sold 1,000 shares of the companyâ€™s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 24.25, for a total value of 24,250. As the sale deal closes, the 10% Owner, VEP Group, LLC now sold 5,746,985 shares of the companyâ€™s stock, valued at 135,628,846. Also, Chief Legal Officer, ROMER LAUREN ADRIENNE sold 1,000 shares of the companyâ€™s stock in a deal that was recorded on May 03. The shares were price at an average price of 24.30 per share, with a total market value of 24,300. Following this completion of acquisition, the Chief Legal Officer, ROMER LAUREN ADRIENNE now holds 1,000 shares of the companyâ€™s stock, valued at 22,250. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.30%.
9 out of 14 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Ping Identity Holding Corp.. 0 analysts has assigned a Sell rating on the PING stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $31.88.