The stock of Palo Alto Networks Inc (PANW) has gone down by -2.57% for the week, with a -10.02% drop in the past month and a -5.47% drop in the past quarter. The volatility ratio for the week is 2.29%, and the volatility levels for the past 30 days are 3.14% for PANW. The simple moving average for the past 20 days is -2.42% for PANW’s stock, with a 3.12% simple moving average for the past 200 days.
Is It Worth Investing in Palo Alto Networks Inc (NASDAQ: PANW) Right Now?
Palo Alto Networks Inc (NASDAQ: PANW) has a price-to-earnings ratio of 43.68x that is above its average ratio. Additionally, the 36-month beta value for PANW is 1.19. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 13 rating it as “overweight,” 10 rating it as “hold,” and 2 rating it as “sell.”
The public float for PANW is 318.91M and currently, short sellers hold a 4.21% ratio of that float. The average trading volume of PANW on April 02, 2024 was 5.96M shares.
PANW) stock’s latest price update
Palo Alto Networks Inc (NASDAQ: PANW)’s stock price has dropped by -1.66 in relation to previous closing price of 284.13. Nevertheless, the company has seen a loss of -2.57% in its stock price over the last five trading days. InvestorPlace reported 2024-04-01 that Cybersecurity is a big and growing sector. McKinsey & Co. has forecasted that the global cybersecurity market could reach $2 trillion as companies and individuals increase spending to protect themselves and their data from a rising number of cyberattacks and online threats.
Analysts’ Opinion of PANW
Many brokerage firms have already submitted their reports for PANW stocks, with Rosenblatt repeating the rating for PANW by listing it as a “Neutral.” The predicted price for PANW in the upcoming period, according to Rosenblatt is $265 based on the research report published on February 21, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see PANW reach a price target of $300, previously predicting the price at $350. The rating they have provided for PANW stocks is “Neutral” according to the report published on February 21st, 2024.
Northland Capital gave a rating of “Market Perform” to PANW, setting the target price at $275 in the report published on February 21st of the current year.
PANW Trading at -12.06% from the 50-Day Moving Average
After a stumble in the market that brought PANW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.63% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares sank -7.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.78% lower at present.
During the last 5 trading sessions, PANW fell by -2.57%, which changed the moving average for the period of 200-days by +19.60% in comparison to the 20-day moving average, which settled at $285.19. In addition, Palo Alto Networks Inc saw -5.24% 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 PANW starting from Klarich Lee, who sale 60,000 shares at the price of $284.33 back on Mar 11 ’24. After this action, Klarich Lee now owns 198,105 shares of Palo Alto Networks Inc, valued at $17,059,885 using the latest closing price.
Paul Josh D., the Chief Accounting Officer of Palo Alto Networks Inc, sale 1,050 shares at $280.00 during a trade that took place back on Mar 07 ’24, which means that Paul Josh D. is holding 27,247 shares at $294,000 based on the most recent closing price.
Stock Fundamentals for PANW
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.74 for the gross margin
The net margin for Palo Alto Networks Inc stands at 0.3. The total capital return value is set at 0.07. Equity return is now at value 89.52, with 14.48 for asset returns.
Based on Palo Alto Networks Inc (PANW), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 1.4. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 37.13.
Currently, EBITDA for the company is 593.5 million with net debt to EBITDA at 0.42. When we switch over and look at the enterprise to sales, we see a ratio of 12.05. The receivables turnover for the company is 3.21for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Palo Alto Networks Inc (PANW) has seen bad performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
