Shutterstock Inc (NYSE: SSTK)’s stock price has gone decline by -0.90 in comparison to its previous close of 32.16, however, the company has experienced a -10.07% decrease in its stock price over the last five trading days. benzinga.com reported 2024-10-02 that The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
Is It Worth Investing in Shutterstock Inc (NYSE: SSTK) Right Now?
The price-to-earnings ratio for Shutterstock Inc (NYSE: SSTK) is above average at 24.38x. The 36-month beta value for SSTK is also noteworthy at 1.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SSTK is 24.26M, and at present, short sellers hold a 15.36% of that float. The average trading volume of SSTK on October 04, 2024 was 543.35K shares.
SSTK’s Market Performance
SSTK’s stock has seen a -10.07% decrease for the week, with a -7.11% drop in the past month and a -8.99% fall in the past quarter. The volatility ratio for the week is 3.71%, and the volatility levels for the past 30 days are at 3.29% for Shutterstock Inc. The simple moving average for the past 20 days is -7.40% for SSTK’s stock, with a -23.89% simple moving average for the past 200 days.
Analysts’ Opinion of SSTK
Many brokerage firms have already submitted their reports for SSTK stocks, with Morgan Stanley repeating the rating for SSTK by listing it as a “Equal-Weight.” The predicted price for SSTK in the upcoming period, according to Morgan Stanley is $55 based on the research report published on February 22, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see SSTK reach a price target of $34. The rating they have provided for SSTK stocks is “Underperform” according to the report published on October 19th, 2023.
SSTK Trading at -11.72% from the 50-Day Moving Average
After a stumble in the market that brought SSTK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.42% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 3.71%, as shares sank -8.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.62% lower at present.
During the last 5 trading sessions, SSTK fell by -10.07%, which changed the moving average for the period of 200-days by -31.12% in comparison to the 20-day moving average, which settled at $34.27. In addition, Shutterstock Inc saw -33.99% 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 SSTK starting from Bigley Deirdre Mary, who proposed sale 5,304 shares at the price of $35.98 back on Aug 19 ’24. After this action, Bigley Deirdre Mary now owns shares of Shutterstock Inc, valued at $190,838 using the latest closing price.
Hennessy Paul J., the CHIEF EXECUTIVE OFFICER of Shutterstock Inc, purchase 12,500 shares at $38.38 during a trade that took place back on May 23 ’24, which means that Hennessy Paul J. is holding 87,803 shares at $479,700 based on the most recent closing price.
Stock Fundamentals for SSTK
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.58 for the gross margin
The net margin for Shutterstock Inc stands at 0.05. The total capital return value is set at 0.11. Equity return is now at value 9.07, with 4.70 for asset returns.
Based on Shutterstock Inc (SSTK), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.66. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 13.53.
Currently, EBITDA for the company is 151.13 million with net debt to EBITDA at 0.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 6.86for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
In summary, Shutterstock Inc (SSTK) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
