The price-to-earnings ratio for Check Point Software Technologies Ltd. (NASDAQ: CHKP) is 22.94x, which is above its average ratio. Moreover, the 36-month beta value for CHKP is 0.62. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 8 as “overweight,” 22 as “hold,” and 0 as “sell.”
The public float for CHKP is 95.87M and currently, short sellers hold a 3.21% of that float. On April 12, 2024, CHKP’s average trading volume was 731.05K shares.
CHKP) stock’s latest price update
The stock price of Check Point Software Technologies Ltd. (NASDAQ: CHKP) has plunged by -0.92 when compared to previous closing price of 164.65, but the company has seen a 0.25% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-01 that REDWOOD CITY, Calif., April 01, 2024 (GLOBE NEWSWIRE) — Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, today announced that it will release its financial results for the first quarter ended March 31, 2024, on Thursday, April 25, 2024, before the U.S. financial markets open. Management will host a video conference call with the investment community at 8:30 AM EST/5:30 AM PST on April 25, 2024. A live videocast of the call will be hosted on the company’s website at http://www.checkpoint.com/ir.
CHKP’s Market Performance
Check Point Software Technologies Ltd. (CHKP) has seen a 0.25% rise in stock performance for the week, with a -0.86% decline in the past month and a 5.10% surge in the past quarter. The volatility ratio for the week is 1.70%, and the volatility levels for the past 30 days are at 1.58% for CHKP. The simple moving average for the last 20 days is -0.86% for CHKP stock, with a simple moving average of 12.92% for the last 200 days.
Analysts’ Opinion of CHKP
Susquehanna gave a rating of “Positive” to CHKP, setting the target price at $190 in the report published on December 15th of the previous year.
CHKP Trading at 0.42% from the 50-Day Moving Average
After a stumble in the market that brought CHKP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.36% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares sank -1.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.77% upper at present.
During the last 5 trading sessions, CHKP rose by +0.25%, which changed the moving average for the period of 200-days by +31.48% in comparison to the 20-day moving average, which settled at $164.47. In addition, Check Point Software Technologies Ltd. saw 6.77% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CHKP
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.88 for the gross margin
The net margin for Check Point Software Technologies Ltd. stands at 0.35. The total capital return value is set at 0.24. Equity return is now at value 29.23, with 14.62 for asset returns.
Based on Check Point Software Technologies Ltd. (CHKP), the company’s capital structure generated -1.0 points at debt to capital in total, while cash flow to debt ratio is standing at -0.73. The debt to equity ratio resting at -0.5. The interest coverage ratio of the stock is -47.07.
Currently, EBITDA for the company is 946.5 million with net debt to EBITDA at -0.57. When we switch over and look at the enterprise to sales, we see a ratio of 7.94. The receivables turnover for the company is 3.59for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
To wrap up, the performance of Check Point Software Technologies Ltd. (CHKP) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
