The stock price of CyberArk Software Ltd (NASDAQ: CYBR) has plunged by -2.18 when compared to previous closing price of 267.64, but the company has seen a -2.75% decline in its stock price over the last five trading sessions. zacks.com reported 2024-07-17 that Momentum investing is all about riding bullish trends where buyers are in control. And they’ve certainly been in control of all three of these stocks, with each melting higher over the last month.
Is It Worth Investing in CyberArk Software Ltd (NASDAQ: CYBR) Right Now?
The 36-month beta value for CYBR is at 1.14. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for CYBR is 43.05M, and currently, shorts hold a 4.88% of that float. The average trading volume for CYBR on July 19, 2024 was 521.50K shares.
CYBR’s Market Performance
CYBR stock saw an increase of -2.75% in the past week, with a monthly gain of 3.22% and a quarterly increase of 10.95%. The volatility ratio for the week is 3.27%, and the volatility levels for the last 30 days are 2.55% for CyberArk Software Ltd (CYBR). The simple moving average for the past 20 days is -2.29% for CYBR’s stock, with a 14.63% simple moving average for the past 200 days.
Analysts’ Opinion of CYBR
Many brokerage firms have already submitted their reports for CYBR stocks, with BTIG Research repeating the rating for CYBR by listing it as a “Buy.” The predicted price for CYBR in the upcoming period, according to BTIG Research is $317 based on the research report published on March 28, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see CYBR reach a price target of $300. The rating they have provided for CYBR stocks is “Overweight” according to the report published on February 08th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to CYBR, setting the target price at $240 in the report published on January 09th of the current year.
CYBR Trading at 4.14% from the 50-Day Moving Average
After a stumble in the market that brought CYBR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.85% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +2.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.11% upper at present.
During the last 5 trading sessions, CYBR fell by -2.75%, which changed the moving average for the period of 200-days by +59.86% in comparison to the 20-day moving average, which settled at $268.27. In addition, CyberArk Software Ltd saw 19.52% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CYBR
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.8 for the gross margin
The net margin for CyberArk Software Ltd stands at -0.03. The total capital return value is set at -0.08. Equity return is now at value -3.43, with -1.35 for asset returns.
Based on CyberArk Software Ltd (CYBR), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21.
Currently, EBITDA for the company is -97.22 million with net debt to EBITDA at -2.29. When we switch over and look at the enterprise to sales, we see a ratio of 14.08. The receivables turnover for the company is 5.83for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In conclusion, CyberArk Software Ltd (CYBR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
