Palo Alto Networks Inc (NASDAQ: PANW) has experienced a decline in its stock price by -0.61 compared to its previous closing price of 378.41. However, the company has seen a gain of 0.44% in its stock price over the last five trading days. benzinga.com reported 2024-10-22 that Shares of Palo Alto Networks PANW have had a stellar year, with shares continuing to build on a 180% rally that started in early 2023. Now just $5 shy of its all-time high from February, excitement is growing for what’s next.
Is It Worth Investing in Palo Alto Networks Inc (NASDAQ: PANW) Right Now?
The price-to-earnings ratio for Palo Alto Networks Inc (NASDAQ: PANW) is above average at 51.96x. The 36-month beta value for PANW is also noteworthy at 1.13. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 13 rating it as “overweight,” 10 rating it as “hold,” and 2 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PANW is 321.94M, and at present, short sellers hold a 2.98% of that float. The average trading volume of PANW on October 23, 2024 was 2.85M shares.
PANW’s Market Performance
PANW stock saw an increase of 0.44% in the past week, with a monthly gain of 9.28% and a quarterly increase of 15.99%. The volatility ratio for the week is 2.09%, and the volatility levels for the last 30 days are 2.40% for Palo Alto Networks Inc (PANW). The simple moving average for the last 20 days is 5.61% for PANW’s stock, with a simple moving average of 17.06% for the last 200 days.
Analysts’ Opinion of PANW
Many brokerage firms have already submitted their reports for PANW stocks, with Exane BNP Paribas repeating the rating for PANW by listing it as a “Outperform.” The predicted price for PANW in the upcoming period, according to Exane BNP Paribas is $410 based on the research report published on October 08, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see PANW reach a price target of $325, previously predicting the price at $350. The rating they have provided for PANW stocks is “Neutral” according to the report published on July 18th, 2024.
DA Davidson gave a rating of “Buy” to PANW, setting the target price at $380 in the report published on June 21st of the current year.
PANW Trading at 7.49% 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 -2.06% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares surge +9.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.59% upper at present.
During the last 5 trading sessions, PANW rose by +0.44%, which changed the moving average for the period of 200-days by +32.93% in comparison to the 20-day moving average, which settled at $356.11. In addition, Palo Alto Networks Inc saw 27.54% 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 Arora Nikesh, who sale 81,586 shares at the price of $367.99 back on Oct 10 ’24. After this action, Arora Nikesh now owns 618,715 shares of Palo Alto Networks Inc, valued at $30,022,832 using the latest closing price.
Nikesh Arora, the Officer of Palo Alto Networks Inc, proposed sale 81,586 shares at $369.40 during a trade that took place back on Oct 10 ’24, which means that Nikesh Arora is holding shares at $30,137,868 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 15.24. 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 summary, Palo Alto Networks Inc (PANW) has had a better performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others 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.
