PRAA Stock Summary and Trading Ideas (Pra Group | NASDAQ:PRAA)

PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. It is also engaged in providing fee-based services on class action claims recoveries in the United States. The company's portfolio segments include; Core, which is engaged in purchasing and collecting nonperforming loans, which the originators have not chosen not to pursue, and the Insolvency segment which is engaged in purchasing and collecting nonperforming loans where the customer is involved in a bankruptcy proceeding.

Pra Group trades on the NASDAQ stock market under the symbol PRAA.

As of May 16, 2024, PRAA stock price declined to $25.06 with 107,233 million shares trading.

PRAA has a beta of 2.38, meaning it tends to be more sensitive to market movements. PRAA has a correlation of 0.13 to the broad based SPY ETF.

PRAA has a market cap of $986.16 million. This is considered a Small Cap stock.

Last quarter Pra Group reported $256 million in Revenue and $.09 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.14.

In the last 3 years, PRAA stock traded as high as $51.00 and as low as $11.85.

The top ETF exchange traded funds that PRAA belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.

PRAA has outperformed the market in the last year with a return of +32.0%, while the SPY ETF gained +29.6%. However, in the most recent history, PRAA shares have underperformed the stock market with its stock returning +2.2% in the last 3 month period and +3.2% for the last 2 week period, while SPY has returned +5.6% and +5.7%, respectively.

PRAA support price is $24.56 and resistance is $26.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRAA stock will trade within this expected range on the day.