In the past week, ADI stock has gone up by 2.23%, with a monthly decline of -0.65% and a quarterly plunge of -1.85%. The volatility ratio for the week is 1.89%, and the volatility levels for the last 30 days are 2.16% for Analog Devices Inc. The simple moving average for the past 20 days is 0.25% for ADI’s stock, with a 5.17% simple moving average for the past 200 days.
Is It Worth Investing in Analog Devices Inc. (NASDAQ: ADI) Right Now?
Analog Devices Inc. (NASDAQ: ADI) has a higher price-to-earnings ratio of 34.88x compared to its average ratio, The 36-month beta value for ADI is at 1.16. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 6 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for ADI is 494.04M, and currently, shorts hold a 1.49% of that float. The average trading volume for ADI on April 03, 2024 was 3.42M shares.
ADI) stock’s latest price update
Analog Devices Inc. (NASDAQ: ADI)’s stock price has plunge by -0.88relation to previous closing price of 196.62. Nevertheless, the company has seen a 2.23% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-02 that Undervalued companies don’t receive as much attention as they deserve. Most investors hope to capture momentum on stocks performing very well, but they are overvalued, which can lead to losses.
Analysts’ Opinion of ADI
Many brokerage firms have already submitted their reports for ADI stocks, with Cantor Fitzgerald repeating the rating for ADI by listing it as a “Neutral.” The predicted price for ADI in the upcoming period, according to Cantor Fitzgerald is $205 based on the research report published on January 23, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see ADI reach a price target of $225. The rating they have provided for ADI stocks is “Outperform” according to the report published on January 18th, 2024.
Bernstein gave a rating of “Mkt Perform” to ADI, setting the target price at $200 in the report published on January 04th of the current year.
ADI Trading at 0.84% from the 50-Day Moving Average
After a stumble in the market that brought ADI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.89% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares surge +0.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.06% upper at present.
During the last 5 trading sessions, ADI rose by +2.23%, which changed the moving average for the period of 200-days by +1.56% in comparison to the 20-day moving average, which settled at $194.41. In addition, Analog Devices Inc. saw -1.85% 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 ADI starting from ROCHE VINCENT, who sale 10,000 shares at the price of $197.40 back on Apr 01 ’24. After this action, ROCHE VINCENT now owns 51,039 shares of Analog Devices Inc., valued at $1,974,000 using the latest closing price.
CHAMPY JAMES, the Director of Analog Devices Inc., sale 1,228 shares at $197.64 during a trade that took place back on Mar 21 ’24, which means that CHAMPY JAMES is holding 6,371 shares at $242,702 based on the most recent closing price.
Stock Fundamentals for ADI
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.62 for the gross margin
The net margin for Analog Devices Inc. stands at 0.24. The total capital return value is set at 0.07. Equity return is now at value 7.81, with 5.71 for asset returns.
Based on Analog Devices Inc. (ADI), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 11.65.
Currently, EBITDA for the company is 6.33 billion with net debt to EBITDA at 0.99. When we switch over and look at the enterprise to sales, we see a ratio of 8.85. The receivables turnover for the company is 9.67for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
In conclusion, Analog Devices Inc. (ADI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
