Progress Acquisition Corp

Company Profile

Progress Acquisition Corp had its IPO on 2021-03-18 under the ticker symbol PGRWW.

The company operates in the sector and industry. Progress Acquisition Corp has a staff strength of 0 employees.

Stock update

Shares of Progress Acquisition Corp opened at $0.01 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0 - $0.01, and closed at $0.

This is a -93.94% slip from the previous day's closing price.

A total volume of 1,580,958 shares were traded at the close of the day’s session.

In the last one week, shares of Progress Acquisition Corp have slipped by -94.29%.

Progress Acquisition Corp's Key Ratios

Progress Acquisition Corp has a market cap of $211.48 million, indicating a price to book ratio of 0 and a price to sales ratio of 0.

In the last 12-months Progress Acquisition Corp’s revenue was $0 with a gross profit of $0 and an EBITDA of $0. The EBITDA ratio measures Progress Acquisition Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Progress Acquisition Corp’s operating margin was 0% while its return on assets stood at 0% with a return of equity of 0%.

In Q3, Progress Acquisition Corp’s quarterly earnings growth was a positive 0% while revenue growth was a positive 0%.

Progress Acquisition Corp’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $0 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Progress Acquisition Corp’s profitability.

Progress Acquisition Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 0.

Progress Acquisition Corp stock pays annual dividends of $ per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$173.37 million

Total Liabilities

$429530.00

Operating Cash Flow

$221271.00

Capital Expenditure

$0

Dividend Payout Ratio

0%

Progress Acquisition Corp ended 2023 with $173.37 million in total assets and $0 in total liabilities. Its intangible assets were valued at $173.37 million while shareholder equity stood at $172.24 million.

Progress Acquisition Corp ended 2023 with $250000.00 in deferred long-term liabilities, $429530.00 in other current liabilities, 172960009.00 in common stock, $-2189165.00 in retained earnings and $0 in goodwill. Its cash balance stood at $21078.00 and cash and short-term investments were $21078.00. The company’s total short-term debt was $11,622 while long-term debt stood at $443514.00.

Progress Acquisition Corp’s total current assets stands at $128864.00 while long-term investments were $173.24 million and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $290091.00 and inventory worth $0.

In 2023, Progress Acquisition Corp's operating cash flow was $221271.00 while its capital expenditure stood at $0.

Comparatively, Progress Acquisition Corp paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$0

52-Week High

$0.3898

52-Week Low

$0.0001

Analyst Target Price

$

Progress Acquisition Corp stock is currently trading at $0 per share. It touched a 52-week high of $0.3898 and a 52-week low of $0.3898. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $0.05 and 200-day moving average was $0.1 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 0% of the company’s stock are held by insiders while 0% are held by institutions.