Akamai Technologies Inc (NASDAQ: AKAM) has a higher price-to-earnings ratio of 25.19x compared to its average ratio. AKAM has 36-month beta value of 0.68. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 2 as “sell.”
The public float for AKAM is 148.40M, and currently, short sellers hold a 4.79% ratio of that float. The average trading volume of AKAM on August 21, 2024 was 1.61M shares.
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AKAM) stock’s latest price update
Akamai Technologies Inc (NASDAQ: AKAM) has experienced a decline in its stock price by -0.08 compared to its previous closing price of 101.70. However, the company has seen a gain of 1.90% in its stock price over the last five trading days. zacks.com reported 2024-08-19 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
AKAM’s Market Performance
AKAM’s stock has risen by 1.90% in the past week, with a monthly rise of 5.79% and a quarterly rise of 7.54%. The volatility ratio for the week is 1.48% while the volatility levels for the last 30 days are 2.18% for Akamai Technologies Inc The simple moving average for the past 20 days is 4.42% for AKAM’s stock, with a -3.93% simple moving average for the past 200 days.
Analysts’ Opinion of AKAM
Many brokerage firms have already submitted their reports for AKAM stocks, with Craig Hallum repeating the rating for AKAM by listing it as a “Buy.” The predicted price for AKAM in the upcoming period, according to Craig Hallum is $125 based on the research report published on August 09, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see AKAM reach a price target of $128. The rating they have provided for AKAM stocks is “Buy” according to the report published on July 29th, 2024.
HSBC Securities gave a rating of “Hold” to AKAM, setting the target price at $96 in the report published on July 24th of the current year.
AKAM Trading at 8.17% 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 -21.33% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares surge +6.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.70% upper at present.
During the last 5 trading sessions, AKAM rose by +2.09%, which changed the moving average for the period of 200-days by -3.29% in comparison to the 20-day moving average, which settled at $97.65. In addition, Akamai Technologies Inc saw -14.14% 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 Blumofe Robert, who sale 2,500 shares at the price of $100.69 back on Aug 16 ’24. After this action, Blumofe Robert now owns 22,010 shares of Akamai Technologies Inc, valued at $251,725 using the latest closing price.
Blumofe Robert, the Officer of Akamai Technologies Inc, proposed sale 2,500 shares at $100.70 during a trade that took place back on Aug 16 ’24, which means that Blumofe Robert is holding shares at $251,738 based on the most recent closing price.
Stock Fundamentals for AKAM
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.57 for the gross margin
The net margin for Akamai Technologies Inc stands at 0.16. The total capital return value is set at 0.08. Equity return is now at value 13.91, with 6.82 for asset returns.
Based on Akamai Technologies Inc (AKAM), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 57.36.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 3.2. When we switch over and look at the enterprise to sales, we see a ratio of 5.0. The receivables turnover for the company is 5.62for 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 1.29.
Conclusion
To put it simply, Akamai Technologies Inc (AKAM) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
