The stock has a 36-month beta value of 1.72. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PENG is 51.36M, and at present, short sellers hold a 14.84% of that float. On November 15, 2024, the average trading volume of PENG was 960.94K shares.
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PENG) stock’s latest price update
Penguin Solutions Inc (NASDAQ: PENG) has seen a rise in its stock price by 0.12 in relation to its previous close of 17.12. However, the company has experienced a -4.46% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-11-13 that FREMONT, Calif.–(BUSINESS WIRE)—- $PENG #AI–Penguin Solutions announced its participation at SC24 which will include product demonstrations, speaking engagements, and presence on the show floor.
PENG’s Market Performance
Penguin Solutions Inc (PENG) has seen a -4.46% fall in stock performance for the week, with a 9.73% gain in the past month and a -18.65% plunge in the past quarter. The volatility ratio for the week is 4.43%, and the volatility levels for the past 30 days are at 4.16% for PENG. The simple moving average for the past 20 days is 5.41% for PENG’s stock, with a -17.87% simple moving average for the past 200 days.
Analysts’ Opinion of PENG
Many brokerage firms have already submitted their reports for PENG stocks, with Goldman repeating the rating for PENG by listing it as a “Buy.” The predicted price for PENG in the upcoming period, according to Goldman is $21 based on the research report published on November 01, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see PENG reach a price target of $25, previously predicting the price at $35. The rating they have provided for PENG stocks is “Buy” according to the report published on October 16th, 2024.
Needham gave a rating of “Buy” to PENG, setting the target price at $22 in the report published on October 13th of the previous year.
PENG Trading at -6.27% 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 -42.50% of loss for the given period.
Volatility was left at 4.16%, however, over the last 30 days, the volatility rate increased by 4.43%, as shares surge +6.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.75% lower at present.
During the last 5 trading sessions, PENG fell by -4.46%, which changed the moving average for the period of 200-days by -12.77% in comparison to the 20-day moving average, which settled at $16.26. In addition, Penguin Solutions Inc saw -9.46% 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 JOSEPH CLARK, who proposed sale 2,264 shares at the price of $17.12 back on Nov 14 ’24. After this action, JOSEPH CLARK now owns shares of Penguin Solutions Inc, valued at $38,760 using the latest closing price.
Pacheco Jack A, the EVP, COO, Pres, Mem Solutions of Penguin Solutions Inc, sale 13,334 shares at $20.02 during a trade that took place back on Sep 20 ’24, which means that Pacheco Jack A is holding 211,896 shares at $266,951 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 mixed 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.
