The stock price of Amdocs Ltd (NASDAQ: DOX) has plunged by -0.75 when compared to previous closing price of 83.99, but the company has seen a -3.90% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that SNAP’s first-quarter 2024 results reflect steady user growth and an increase in Snapchat+ users amid a rise in operating expenses.
Is It Worth Investing in Amdocs Ltd (NASDAQ: DOX) Right Now?
The price-to-earnings ratio for Amdocs Ltd (NASDAQ: DOX) is above average at 17.83x, Company’s 36-month beta value is 0.71.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for DOX is 116.50M, and currently, short sellers hold a 1.78% ratio of that floaft. The average trading volume of DOX on May 02, 2024 was 676.62K shares.
DOX’s Market Performance
DOX’s stock has seen a -3.90% decrease for the week, with a -6.79% drop in the past month and a -9.08% fall in the past quarter. The volatility ratio for the week is 1.33%, and the volatility levels for the past 30 days are at 1.47% for Amdocs Ltd The simple moving average for the last 20 days is -3.42% for DOX stock, with a simple moving average of -4.88% for the last 200 days.
Analysts’ Opinion of DOX
Many brokerage firms have already submitted their reports for DOX stocks, with Jefferies repeating the rating for DOX by listing it as a “Buy.” The predicted price for DOX in the upcoming period, according to Jefferies is $105 based on the research report published on December 01, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see DOX reach a price target of $115, previously predicting the price at $100. The rating they have provided for DOX stocks is “Overweight” according to the report published on May 16th, 2023.
JP Morgan gave a rating of “Neutral” to DOX, setting the target price at $86 in the report published on December 14th of the previous year.
DOX Trading at -6.72% from the 50-Day Moving Average
After a stumble in the market that brought DOX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.43% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.33%, as shares sank -6.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.21% lower at present.
During the last 5 trading sessions, DOX fell by -3.90%, which changed the moving average for the period of 200-days by -13.66% in comparison to the 20-day moving average, which settled at $86.03. In addition, Amdocs Ltd saw -5.15% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DOX
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.35 for the gross margin
The net margin for Amdocs Ltd stands at 0.11. The total capital return value is set at 0.14. Equity return is now at value 15.66, with 8.60 for asset returns.
Based on Amdocs Ltd (DOX), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.15. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 30.67.
Currently, EBITDA for the company is 920.59 million with net debt to EBITDA at 0.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 4.81for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In a nutshell, Amdocs Ltd (DOX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
