The stock of Palo Alto Networks Inc (PANW) has gone down by -0.69% for the week, with a -4.58% drop in the past month and a 0.26% rise in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are 2.55% for PANW. The simple moving average for the past 20 days is -0.34% for PANW’s stock, with a 8.12% simple moving average for the past 200 days.
Is It Worth Investing in Palo Alto Networks Inc (NASDAQ: PANW) Right Now?
Palo Alto Networks Inc (NASDAQ: PANW) has a higher price-to-earnings ratio of 47.22x compared to its average ratio, The 36-month beta value for PANW is at 1.13. Analysts have varying views on the stock, with 16 analysts rating it as a “buy,” 13 rating it as “overweight,” 10 as “hold,” and 2 as “sell.”
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The public float for PANW is 321.85M, and currently, shorts hold a 3.25% of that float. The average trading volume for PANW on October 01, 2024 was 2.86M shares.
PANW) stock’s latest price update
Palo Alto Networks Inc (NASDAQ: PANW)’s stock price has plunge by 1.80relation to previous closing price of 335.75. Nevertheless, the company has seen a -0.69% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-09-30 that Recently, Zacks.com users have been paying close attention to Palo Alto (PANW). This makes it worthwhile to examine what the stock has in store.
Analysts’ Opinion of PANW
Many brokerage firms have already submitted their reports for PANW stocks, with Redburn Atlantic repeating the rating for PANW by listing it as a “Neutral.” The predicted price for PANW in the upcoming period, according to Redburn Atlantic is $325 based on the research report published on July 18, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see PANW reach a price target of $380. The rating they have provided for PANW stocks is “Buy” according to the report published on June 21st, 2024.
Daiwa Securities gave a rating of “Outperform” to PANW, setting the target price at $350 in the report published on May 29th of the current year.
PANW Trading at 1.58% 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 -10.25% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -5.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.30% upper at present.
During the last 5 trading sessions, PANW fell by -0.69%, which changed the moving average for the period of 200-days by +11.85% in comparison to the 20-day moving average, which settled at $341.91. In addition, Palo Alto Networks Inc saw 15.91% 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 ZUK NIR, who sale 36,000 shares at the price of $359.17 back on Sep 03 ’24. After this action, ZUK NIR now owns 1,151,567 shares of Palo Alto Networks Inc, valued at $12,929,956 using the latest closing price.
Klarich Lee, the EVP, Chief Product Officer of Palo Alto Networks Inc, sale 60,000 shares at $344.98 during a trade that took place back on Sep 04 ’24, which means that Klarich Lee is holding 159,009 shares at $20,698,788 based on the most recent closing price.
Stock Fundamentals for PANW
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.74 for the gross margin
The net margin for Palo Alto Networks Inc stands at 0.32. The total capital return value is set at 0.07. Equity return is now at value 74.52, with 14.95 for asset returns.
Based on Palo Alto Networks Inc (PANW), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 2.31.
Currently, EBITDA for the company is 960.17 million with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 13.85. The receivables turnover for the company is 2.4for 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 0.84.
Conclusion
In conclusion, Palo Alto Networks Inc (PANW) has had a mixed performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” 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.
