Amdocs Ltd (NASDAQ: DOX)’s stock price has soared by 1.19 in relation to previous closing price of 86.26. Nevertheless, the company has seen a gain of 2.63% in its stock price over the last five trading days. accesswire.com reported 2024-09-19 that Milestone enables Vodafone Ireland to deliver superior customer experiences and operational excellence through a consolidated customer view and simplified architecture JERSEY CITY, NJ / ACCESSWIRE / September 19, 2024 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced the successful completion of a unified single business support system (BSS) and operations support system (OSS) platform transformation for Vodafone Ireland, integrating mobile and fixed communication services into a single, streamlined system, enhancing operational efficiency and customer experience. The new platform provides a consolidated customer view, empowering front-line agents to make informed decisions, reducing errors, and streamlining processes.
Is It Worth Investing in Amdocs Ltd (NASDAQ: DOX) Right Now?
Amdocs Ltd (NASDAQ: DOX) has a price-to-earnings ratio of 20.10x that is above its average ratio. Additionally, the 36-month beta value for DOX is 0.75. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DOX is 113.58M and currently, short sellers hold a 2.35% ratio of that float. The average trading volume of DOX on September 20, 2024 was 630.05K shares.
DOX’s Market Performance
The stock of Amdocs Ltd (DOX) has seen a 2.63% increase in the past week, with a 3.65% rise in the past month, and a 11.92% gain in the past quarter. The volatility ratio for the week is 1.52%, and the volatility levels for the past 30 days are at 1.46% for DOX.. The simple moving average for the past 20 days is 1.78% for DOX’s stock, with a 1.73% simple moving average for the past 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 3.43% 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 -7.18% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +1.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.70% upper at present.
During the last 5 trading sessions, DOX rose by +2.63%, which changed the moving average for the period of 200-days by +2.15% in comparison to the 20-day moving average, which settled at $85.85. In addition, Amdocs Ltd saw -0.68% 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 0.1. The total capital return value is set at 0.14. Equity return is now at value 14.23, with 7.82 for asset returns.
Based on Amdocs Ltd (DOX), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 1.14. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 20.87.
Currently, EBITDA for the company is 920.59 million with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.1. The receivables turnover for the company is 4.89for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
In conclusion, Amdocs Ltd (DOX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
