The stock of Palo Alto Networks Inc (PANW) has seen a 1.35% increase in the past week, with a 4.22% gain in the past month, and a 12.14% flourish in the past quarter. The volatility ratio for the week is 2.76%, and the volatility levels for the past 30 days are at 3.00% for PANW. The simple moving average for the past 20 days is 4.41% for PANW’s stock, with a 11.69% simple moving average for the past 200 days.
Is It Worth Investing in Palo Alto Networks Inc (NASDAQ: PANW) Right Now?
The price-to-earnings ratio for Palo Alto Networks Inc (NASDAQ: PANW) is above average at 46.81x. The 36-month beta value for PANW is also noteworthy at 1.14. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 13 rating it as “overweight,” 10 rating it as “hold,” and 2 rating it as “sell.”
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The public float for PANW is 319.83M, and at present, short sellers hold a 3.72% of that float. The average trading volume of PANW on June 24, 2024 was 3.68M shares.
PANW) stock’s latest price update
The stock price of Palo Alto Networks Inc (NASDAQ: PANW) has jumped by 0.40 compared to previous close of 320.33. Despite this, the company has seen a gain of 1.35% in its stock price over the last five trading days. investorplace.com reported 2024-06-24 that If investors want to future-proof their portfolio, they should purchase strong buy cybersecurity stocks since cyber assaults are becoming more sophisticated and could cost $9.5 trillion globally in 2024. Cloud intrusions soared 75%, and malware-free attacks increased dramatically, the 2024 CrowdStrike (NASDAQ: CRWD ) Global Threat Report reveals.
Analysts’ Opinion of PANW
Many brokerage firms have already submitted their reports for PANW stocks, with DA Davidson repeating the rating for PANW by listing it as a “Buy.” The predicted price for PANW in the upcoming period, according to DA Davidson is $380 based on the research report published on June 21, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see PANW reach a price target of $350. The rating they have provided for PANW stocks is “Outperform” according to the report published on May 29th, 2024.
Rosenblatt gave a rating of “Neutral” to PANW, setting the target price at $265 in the report published on February 21st of the current year.
PANW Trading at 7.08% from the 50-Day Moving Average
After a stumble in the market that brought PANW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.56% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +3.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.84% upper at present.
During the last 5 trading sessions, PANW rose by +1.84%, which changed the moving average for the period of 200-days by +31.78% in comparison to the 20-day moving average, which settled at $308.61. In addition, Palo Alto Networks Inc saw 9.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PANW starting from Key John P., who sale 1,000 shares at the price of $312.39 back on Jun 11 ’24. After this action, Key John P. now owns 11,639 shares of Palo Alto Networks Inc, valued at $312,390 using the latest closing price.
Key John P., the Director of Palo Alto Networks Inc, sale 2,163 shares at $305.41 during a trade that took place back on Jun 10 ’24, which means that Key John P. is holding 12,639 shares at $660,602 based on the most recent closing price.
Stock Fundamentals for PANW
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.75 for the gross margin
The net margin for Palo Alto Networks Inc stands at 0.31. The total capital return value is set at 0.07. Equity return is now at value 85.88, with 15.25 for asset returns.
Based on Palo Alto Networks Inc (PANW), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 2.06. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 51.82.
Currently, EBITDA for the company is 593.5 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 13.35. The receivables turnover for the company is 3.41for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In summary, Palo Alto Networks Inc (PANW) has had a better performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as 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.
