Intel Corporation (NASDAQ: INTC)’s stock price has increased by 4.42 compared to its previous closing price of 28.41. Despite this, the company has experienced a 12.20% gain in its stock price over the last five trading sessions. The Wall Street Journal reported on 02/22/23 that Intel Cuts Quarterly Dividend by 66%
Is It Worth Investing in Intel Corporation (NASDAQ: INTC) Right Now?
Intel Corporation (NASDAQ: INTC) has a higher price-to-earnings ratio of 14.56x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.82.
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The public float for INTC is 4.13B, and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of INTC on March 16, 2023 was 43.45M shares.
INTC’s Market Performance
The stock of Intel Corporation (INTC) has seen a 12.20% increase in the past week, with a 3.58% rise in the past month, and a 3.25% gain in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are at 3.06% for INTC. The simple moving average for the last 20 days is 12.11% for INTC stock, with a simple moving average of -5.06% for the last 200 days.
Analysts’ Opinion of INTC
Many brokerage firms have already submitted their reports for INTC stocks, with Susquehanna repeating the rating for INTC by listing it as a “Neutral.” The predicted price for INTC in the upcoming period, according to Susquehanna is $26 based on the research report published on March 16th of the current year 2023.
Raymond James, on the other hand, stated in their research note that they expect to see INTC reach a price target of $30. The rating they have provided for INTC stocks is “Outperform” according to the report published on March 02nd, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to INTC, setting the target price at $28 in the report published on February 23rd of the current year.
INTC Trading at 6.13% from the 50-Day Moving Average
After a stumble in the market that brought INTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.51% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares surge +2.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.16% upper at present.
During the last 5 trading sessions, INTC rose by +11.37%, which changed the moving average for the period of 200-days by -33.91% in comparison to the 20-day moving average, which settled at $26.49. In addition, Intel Corporation saw 12.24% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INTC starting from GELSINGER PATRICK P, who purchase 9,700 shares at the price of $25.68 back on Feb 23. After this action, GELSINGER PATRICK P now owns 18,700 shares of Intel Corporation, valued at $249,081 using the latest closing price.
Holthaus Michelle Johnston, the EVP & GM, CCG of Intel Corporation, sale 695 shares at $26.57 during a trade that took place back on Feb 21, which means that Holthaus Michelle Johnston is holding 181,039 shares at $18,465 based on the most recent closing price.
Stock Fundamentals for INTC
Current profitability levels for the company are sitting at:
- +3.70 for the present operating margin
- +42.31 for the gross margin
The net margin for Intel Corporation stands at +12.71. Equity return is now at value 7.90, with 4.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, Intel Corporation (INTC) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
