Akamai Technologies Inc (NASDAQ: AKAM) has a price-to-earnings ratio that is above its average at 29.00x. The stock has a 36-month beta value of 0.71. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 2 as “sell.”
The public float for AKAM is 148.71M, and at present, short sellers hold a 5.38% of that float. On April 25, 2024, the average trading volume of AKAM was 1.75M shares.
AKAM) stock’s latest price update
Akamai Technologies Inc (NASDAQ: AKAM)’s stock price has gone rise by 0.42 in comparison to its previous close of 101.76, however, the company has experienced a 1.84% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Akamai’s (AKAM) tailored GPU service fills a void in an industry largely underserved by existing solutions, particularly in terms of cost-effectiveness.
AKAM’s Market Performance
AKAM’s stock has risen by 1.84% in the past week, with a monthly drop of -5.87% and a quarterly drop of -17.43%. The volatility ratio for the week is 1.18% while the volatility levels for the last 30 days are 1.51% for Akamai Technologies Inc. The simple moving average for the past 20 days is -2.56% for AKAM’s stock, with a -5.91% simple moving average for the past 200 days.
Analysts’ Opinion of AKAM
Many brokerage firms have already submitted their reports for AKAM stocks, with Robert W. Baird repeating the rating for AKAM by listing it as a “Outperform.” The predicted price for AKAM in the upcoming period, according to Robert W. Baird is $135 based on the research report published on March 07, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see AKAM reach a price target of $96, previously predicting the price at $109. The rating they have provided for AKAM stocks is “Reduce” according to the report published on February 15th, 2024.
Susquehanna gave a rating of “Positive” to AKAM, setting the target price at $150 in the report published on December 15th of the previous year.
AKAM Trading at -5.62% from the 50-Day Moving Average
After a stumble in the market that brought AKAM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.89% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.18%, as shares sank -5.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.26% lower at present.
During the last 5 trading sessions, AKAM rose by +1.84%, which changed the moving average for the period of 200-days by +12.51% in comparison to the 20-day moving average, which settled at $104.58. In addition, Akamai Technologies Inc saw -13.65% 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 AKAM starting from Karon Adam, who sale 14,349 shares at the price of $109.78 back on Mar 22 ’24. After this action, Karon Adam now owns 6,697 shares of Akamai Technologies Inc, valued at $1,575,233 using the latest closing price.
Karon Adam, the COO & GM Edge Technology Group of Akamai Technologies Inc, sale 8,394 shares at $108.26 during a trade that took place back on Mar 15 ’24, which means that Karon Adam is holding 21,046 shares at $908,734 based on the most recent closing price.
Stock Fundamentals for AKAM
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.59 for the gross margin
The net margin for Akamai Technologies Inc stands at 0.14. The total capital return value is set at 0.08. Equity return is now at value 12.23, with 6.02 for asset returns.
Based on Akamai Technologies Inc (AKAM), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 41.71.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 3.15. When we switch over and look at the enterprise to sales, we see a ratio of 5.12. The receivables turnover for the company is 5.26for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.
Conclusion
To sum up, Akamai Technologies Inc (AKAM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” 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.
