In the past week, PENG stock has gone down by -25.00%, with a monthly decline of -19.64% and a quarterly plunge of -37.05%. The volatility ratio for the week is 3.96%, and the volatility levels for the last 30 days are 3.86% for Penguin Solutions Inc. The simple moving average for the past 20 days is -23.12% for PENG’s stock, with a -27.25% simple moving average for the past 200 days.
Is It Worth Investing in Penguin Solutions Inc. (NASDAQ: PENG) Right Now?
The stock has a 36-month beta value of 1.66. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PENG is 50.86M, and at present, short sellers hold a 12.49% of that float. On October 16, 2024, the average trading volume of PENG was 953.99K shares.
PENG) stock’s latest price update
The stock price of Penguin Solutions Inc. (NASDAQ: PENG) has dropped by -24.01 compared to previous close of 20.41. Despite this, the company has seen a fall of -25.00% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-16 that Penguin Solutions’ name change reflects a focus on AI infrastructure, but underlying fundamentals remain weak with inconsistent revenue growth and significant debt. Despite a projected 15% revenue growth in fiscal 2025, the business’s cyclical nature and competitive market raise concerns about sustainable growth. Valuation at 9x forward non-GAAP EPS appears cheap, but negative free cash flow and high net debt make it a risky investment.
Analysts’ Opinion of PENG
Needham, on the other hand, stated in their research note that they expect to see PENG reach a price target of $22, previously predicting the price at $37. The rating they have provided for PENG stocks is “Buy” according to the report published on October 13th, 2023.
Needham gave a rating of “Buy” to PENG, setting the target price at $40 in the report published on June 30th of the previous year.
PENG Trading at -22.11% from the 50-Day Moving Average
After a stumble in the market that brought PENG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.97% of loss for the given period.
Volatility was left at 3.86%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares sank -17.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.15% lower at present.
During the last 5 trading sessions, PENG fell by -23.72%, which changed the moving average for the period of 200-days by -16.67% in comparison to the 20-day moving average, which settled at $20.19. In addition, Penguin Solutions Inc. saw -18.07% 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 PENG starting from Pacheco Jack A, who sale 13,334 shares at the price of $20.02 back on Sep 20 ’24. After this action, Pacheco Jack A now owns 211,896 shares of Penguin Solutions Inc., valued at $266,951 using the latest closing price.
Pacheco Jack A, the EVP, COO, Pres, Mem Solutions of Penguin Solutions Inc., sale 13,333 shares at $21.14 during a trade that took place back on Aug 20 ’24, which means that Pacheco Jack A is holding 211,896 shares at $281,822 based on the most recent closing price.
Stock Fundamentals for PENG
Equity return is now at value -14.44, with -2.97 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.65.
Conclusion
To sum up, Penguin Solutions Inc. (PENG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
