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

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

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

About Pra Group Inc (PRAA)

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

PRA Group, Inc. is a financial and business services company with operations based primarily in the Americas and Europe and Australia. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The accounts it purchases are primarily the unpaid obligations of individuals owed to credit originators. It purchases portfolios of nonperforming loans at a discount in two categories: Core and Insolvency. Core operation specializes in purchasing and collecting nonperforming loans, which it purchases since the credit originators have chosen not to pursue, or have been unsuccessful in, collecting the full balance owed. Insolvency operation consists primarily of purchasing and collecting nonperforming loans where the customer is involved in a bankruptcy proceeding, or the equivalent thereof, in certain European countries. It also provides fee-based services on class action claims recoveries in the United States.

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Pra Group Inc’s Stock Price as of Market Close

As of September 17, 2024, 4:00 PM, CST, Pra Group Inc’s stock price was $22.04.

Pra Group Inc is up 5.66% from its previous closing price of $20.86.

During the last market session, Pra Group Inc’s stock traded between $20.56 and $21.86. Currently, there are 39.36 million shares of Pra Group Inc stock available for purchase.

Pra Group Inc’s price-earnings (P/E) ratio is currently at 217.5, which is high compared to the Corporate Financial Services industry median of 11.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Pra Group Inc Stock Price History

Pra Group Inc’s (PRAA) price is currently down 5.49% so far this month.

During the month of September, Pra Group Inc’s stock price has reached a high of $23.35 and a low of $19.75.

Over the last year, Pra Group Inc has hit prices as high as $31.43 and as low as $11.85. Year to date, Pra Group Inc’s stock is down 34.75%.

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What Caused Pra Group 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 September 16, 2024, there was 1 analyst who downgraded Pra Group Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Pra Group 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 Pra Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Pra Group Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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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 Pra Group Inc (PRAA) by visiting AAII Stock Evaluator.

Relative Price Strength of Pra Group 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 September 16, 2024, Pra Group Inc has a weighted four-quarter relative price strength of -3.95%, which translates to a Momentum Score of 47 and is considered to be Average.

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Pra Group Inc Stock Price: Bottom Line

As of September 17, 2024, Pra Group Inc’s stock price is $22.04, which is up 5.66% 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 Pra Group 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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