Intel Corp. (NASDAQ: INTC)’s stock price has plunge by -2.57relation to previous closing price of 39.73. Nevertheless, the company has seen a -12.36% plunge in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-06 that Intel is trailing the broader semiconductor industry in 2024.
Is It Worth Investing in Intel Corp. (NASDAQ: INTC) Right Now?
Intel Corp. (NASDAQ: INTC) has a higher price-to-earnings ratio of 100.34x compared to its average ratio, The 36-month beta value for INTC is at 1.02. Analysts have varying views on the stock, with 18 analysts rating it as a “buy,” 5 rating it as “overweight,” 13 as “hold,” and 3 as “sell.”
The public float for INTC is 4.23B, and currently, shorts hold a 1.71% of that float. The average trading volume for INTC on April 08, 2024 was 45.87M shares.
INTC’s Market Performance
The stock of Intel Corp. (INTC) has seen a -12.36% decrease in the past week, with a -13.03% drop in the past month, and a -17.41% fall in the past quarter. The volatility ratio for the week is 2.57%, and the volatility levels for the past 30 days are at 2.73% for INTC. The simple moving average for the last 20 days is -10.09% for INTC stock, with a simple moving average of -2.51% 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 -10.97% 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 -24.51% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares sank -16.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.14% lower at present.
During the last 5 trading sessions, INTC fell by -12.36%, which changed the moving average for the period of 200-days by +10.60% in comparison to the 20-day moving average, which settled at $42.68. In addition, Intel Corp. saw -22.97% 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 3.8. 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 conclusion, Intel Corp. (INTC) has had a bad performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
