Ping Identity Holding Corp. (NYSE:PING) went down by -2.34% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Software – Infrastructure giant went up by $32.49 to trade ended Thursday trading at $33.27. This is down from the $33.27 price recorded on Wednesday’s trading session. Thanks to this latest performance, PING is closer to the higher price 52-week target of $35.00 and further from the lowest price target of $26.00. Its performance from the start of the year has also been positive, with PING up by 33.70% year-to-date.
Ping Identity Holding Corp. (PING) started the day trading at $33.69 and recorded an intraday high of $33.7. It also recorded an intraday low of $32.35 during Thursday’s trading session. Ping Identity Holding Corp. is a very active stock that recorded a trading volume that is less than -65.97% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 716978, which is less than -65.97 of the total average daily trading volume of 1.19 million.
Ping Identity Holding Corp. (NYSE:PING) 2020 Performance Impressive
The increase in PING’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PING currently stands at $35.35, which is higher than the current trading price of the stock by 8.09%. However, PING’s current trading price is -170.3% lower than the 52-week low price of $12.02. In terms of trading volume, Ping Identity Holding Corp. currently experienced healthy participation during the last trading session. 716978 shares of Ping Identity Holding Corp. were traded on the stock exchange on Thursday, which is less than -65.97% of the 1.19 million average trading volume of the stock.
The performance of the stock has been positive over the past year. PING’s stock has gone up by 33.37% in the last six months. The quarterly performance of PING currently stands at 71.09%, and it is up by 7.30% in the last month. The only positive figure was from the weekly performance, which currently reads 0.43%. At the time of writing PING’s report, the company has a total market cap of $2.66B, making it one of the largest publicly-traded companies in the world.Ping Identity Holding Corp. also has over 953 employees all over the world.
PING Insider Activities
For Ping Identity Holding Corp., insiders hold 98.31% of all company shares. The insider transactions over the past six months are down by -86.20%. During that period, insiders bought 1,304,592 shares in 22 transactions. In that same period, insiders sold 3,010,352 of their shares in 12 transactions. After these transactions, insiders at Ping Identity Holding Corp. now hold 1.17M shares, which is over 98.31% of the total company stocks. Institutional investors currently hold a large chunk of the PING shares, as they control 1.47% of the company’s total stock.
PING Fundamental Analysis
For Ping Identity Holding Corp., the stock’s diluted earnings per share (EPS) stands at 0.02. In the coming year, analysts expect the EPS to be 0.39.
The Return on Investment (ROI) on Ping Identity Holding Corp.’s stock currently stands at 1.50%, and it has a net profit margin of -0.30%. The operating margin of the company is 0.10%, and its gross margin is 76.70%.
PING Analysts Prediction
and Goldman reiterate their Neutral position on the stock ($24 and $27).
Stifel and Mizuho also believe that Ping Identity Holding Corp.’s stock is outperforming at the moment.
PING Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PING currently stands at 4.14%, while the SMA50 is 16.21%. The biggest one is the SMA200, which is currently reading 42.45% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 56.43, while its price to earnings ratio (P/E) is 1412.61.