Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate PROG Holdings Inc before investing.

In this article, we go over a few key elements for understanding PROG Holdings Inc’s stock price such as:

• PROG Holdings Inc’s current stock price and volume
• Why PROG Holdings Inc’s stock price changed recently
• Upgrades and downgrades for PRG from analysts
• PRG’s stock price momentum as measured by its relative strength

About PROG Holdings Inc (PRG)

Before we jump into PROG Holdings Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

PROG Holdings, Inc. is a fintech holding company that provides payment options and inclusive consumer financial products. Its Progressive Leasing segment is provider of e-commerce, app-based, in-store point-of-sale lease-to-own solutions provider. The segment provides consumers with lease-purchase solutions through its point-of-sale partner locations and e-commerce Website partners. It does so by purchasing the merchandise from the POS partners desired by customers and, in turn, leasing that merchandise to the customers through a cancellable lease-to-own transaction. Its Vive segment primarily serves customers that may not qualify for traditional prime lending offers who desire to purchase goods and services from participating merchants. Vive offers customized programs with services that include revolving loans through private label and Vive-branded credit cards. Its Four segment provides consumers of all credit backgrounds with BNPL options through four interest-free installments.

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PROG Holdings Inc’s Stock Price as of Market Close

As of May 31, 2024, 3:59 PM, CST, PROG Holdings Inc’s stock price was $37.79.

PROG Holdings Inc is up 5.5% from its previous closing price of $35.82.

During the last market session, PROG Holdings Inc’s stock traded between $35.27 and $35.99. Currently, there are 43.70 million shares of PROG Holdings Inc stock available for purchase.

PROG Holdings Inc’s price-earnings (P/E) ratio is currently at 14.6, which is low compared to the Personal Services industry median of 15.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

PROG Holdings Inc Stock Price History

PROG Holdings Inc’s (PRG) price is currently up 13.69% so far this month.

During the month of May, PROG Holdings Inc’s stock price has reached a high of $37.87 and a low of $32.83.

Over the last year, PROG Holdings Inc has hit prices as high as $44.81 and as low as $26.39. Year to date, PROG Holdings Inc’s stock is up 123.74%.

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What Caused PROG Holdings Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 30, 2024, there were 2 analysts who downgraded PROG Holdings Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate PROG Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on PROG Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

PROG Holdings Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about PROG Holdings Inc (PRG) by visiting AAII Stock Evaluator.

Relative Price Strength of PROG Holdings Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 30, 2024, PROG Holdings Inc has a weighted four-quarter relative price strength of 0.42%, which translates to a Momentum Score of 66 and is considered to be Strong.

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PROG Holdings Inc Stock Price: Bottom Line

As of May 31, 2024, PROG Holdings Inc’s stock price is $37.79, which is up 5.5% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like PROG Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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