Intel Corp. (NASDAQ: INTC)’s stock price has decreased by -1.74 compared to its previous closing price of 42.57. However, the company has seen a -2.06% decrease in its stock price over the last five trading sessions. CNBC Television reported 2024-03-25 that David Riedel, Riedel Research President and Founder, joins ‘Fast Money’ to discuss China’s crackdown on U.S. semis and what it means for U.S. chipmakers.
Is It Worth Investing in Intel Corp. (NASDAQ: INTC) Right Now?
The price-to-earnings ratio for Intel Corp. (NASDAQ: INTC) is above average at 108.42x. The 36-month beta value for INTC is also noteworthy at 0.99. There are mixed opinions on the stock, with 18 analysts rating it as a “buy,” 5 rating it as “overweight,” 13 rating it as “hold,” and 3 rating it as “sell.”
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The public float for INTC is 4.23B, and at present, short sellers hold a 1.63% of that float. The average trading volume of INTC on March 25, 2024 was 45.01M shares.
INTC’s Market Performance
INTC’s stock has seen a -2.06% decrease for the week, with a -2.70% drop in the past month and a -11.15% fall in the past quarter. The volatility ratio for the week is 2.94%, and the volatility levels for the past 30 days are at 3.02% for Intel Corp. The simple moving average for the last 20 days is -3.69% for INTC stock, with a simple moving average of 6.30% for the last 200 days.
Analysts’ Opinion of INTC
Many brokerage firms have already submitted their reports for INTC stocks, with Wedbush repeating the rating for INTC by listing it as a “Neutral.” The predicted price for INTC in the upcoming period, according to Wedbush is $40 based on the research report published on January 26, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see INTC reach a price target of $45, previously predicting the price at $47. The rating they have provided for INTC stocks is “Hold” according to the report published on January 26th, 2024.
The Benchmark Company gave a rating of “Buy” to INTC, setting the target price at $62 in the report published on January 26th of the current year.
INTC Trading at -5.52% 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 -18.43% of loss for the given period.
Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares sank -2.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.20% lower at present.
During the last 5 trading sessions, INTC fell by -2.06%, which changed the moving average for the period of 200-days by +33.73% in comparison to the 20-day moving average, which settled at $43.38. In addition, Intel Corp. saw -16.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INTC starting from GELSINGER PATRICK P, who purchase 2,800 shares at the price of $42.74 back on Feb 01 ’24. After this action, GELSINGER PATRICK P now owns 31,275 shares of Intel Corp., valued at $119,671 using the latest closing price.
GELSINGER PATRICK P, the CEO of Intel Corp., purchase 3,000 shares at $43.36 during a trade that took place back on Jan 29 ’24, which means that GELSINGER PATRICK P is holding 28,475 shares at $130,083 based on the most recent closing price.
Stock Fundamentals for INTC
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.4 for the gross margin
The net margin for Intel Corp. stands at 0.03. The total capital return value is set at 0.0. Equity return is now at value 1.63, with 0.90 for asset returns.
Based on Intel Corp. (INTC), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 0.01.
Currently, EBITDA for the company is 9.63 billion with net debt to EBITDA at 4.38. When we switch over and look at the enterprise to sales, we see a ratio of 4.04. The receivables turnover for the company is 15.94for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.54.
Conclusion
In summary, Intel Corp. (INTC) has had a bad performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” 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.
