An interesting stock that came up in some of our conversations today is PagerDuty, Inc. (NYSE:PD). At current price of $30.08, the shares have already lost -1.27 points (-4.07% lower) from its previous close of $31.35. Should you buy or avoid them? The stock sets an active trading volume day with a reported 352178 contracts so far this session. PD shares had a relatively better volume day versus average trading capacity of 742.39 thousand shares, but with a 50.55 million float and a -14.34% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for PD stock indicates that the average analyst price target is $44.33 per share. This means the stock has a potential increase of 47.37% from where the PD share price has been trading recently which is between $30.47 and $32.54. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $36.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Edited Transcript of PD.N earnings conference call or presentation 5-Sep-19 9:00pm GMT” and dated September 12, 2019.
Looking at the current readings for PagerDuty, Inc., the two-week RSI stands at 36.22. This figure suggests that PD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current PD readings is similarly very revealing as it has a stochastic reading of 31.6% at this stage. This figure means that PD share price today is being neutral.
Technical chart claims that PagerDuty, Inc. (PD) would settle between $32.44/share to $33.52/share level. However, if the stock price goes below the $30.37 mark, then the market for PagerDuty, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $29.38 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.62. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at DA Davidson, assumed coverage of PD assigning Neutral rating, according to their opinion released on August 16. RBC Capital Mkts analysts bumped their rating on PagerDuty, Inc. (NYSE:PD) stock from Sector Perform to Outperform in a separate flash note issued to investors on August 14. Analysts at William Blair, made their first call for the equity with a Outperform recommendation, according to a research note that dated back to May 06.
PD equity has an average rating of 2.29, with the figure leaning towards a bullish end. 7 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated PagerDuty, Inc. (NYSE:PD) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, PD stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is NA while for the average stock in the same group, the multiple is 37.17. PagerDuty, Inc. current P/B ratio of 7.74 means it is trading at a premium against its industry’s 4.67.