The stock of Blue Prism Group PLC (LON:PRSM) reached all time high today, Nov, 24 and still has GBX 378.00 target or 8.00% above today’s GBX 350.00 share price. This indicates more upside for the GBX 219.34 million company. This technical setup was reported by Barchart.com. If the GBX 378.00 PT is reached, the company will be worth GBX 17.55M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 4.79% or GBX 16 on November 24, hitting GBX 350. About 188,681 shares traded hands or 82.48% up from the average. Blue Prism Group PLC (LON:PRSM) has risen 177.18% since April 26, 2016 and is uptrending. It has outperformed by 171.77% the S&P500.
Another recent and important Blue Prism Group PLC (LON:PRSM) news was published by Businesswire.com which published an article titled: “Software Robots Pioneer Blue Prism Debuts on the London Stock Exchange’s AIM …” on March 15, 2016.
Blue Prism Group plc is a United Kingdom company, which supplies a virtual workforce powered by software robots. The company has a market cap of 219.34 million GBP. The Company’s enterprise-grade software enables the automation of manual, rules-based, administrative processes to create back-office. It currently has negative earnings. The Company’s segment is the licensing of Robotic Process Automation software used to automate routine, rules and back office processes.