Akamai Technologies Inc (NASDAQ: AKAM) has a price-to-earnings ratio that is above its average at 25.57x. The stock has a 36-month beta value of 0.66. Opinions on the stock are mixed, with 12 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 2 as “sell.”
The public float for AKAM is 147.41M, and at present, short sellers hold a 6.18% of that float. On November 19, 2024, the average trading volume of AKAM was 1.58M shares.
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AKAM) stock’s latest price update
Akamai Technologies Inc (NASDAQ: AKAM)’s stock price has soared by 0.42 in relation to previous closing price of 85.96. Nevertheless, the company has seen a loss of -4.17% in its stock price over the last five trading days. prnewswire.com reported 2024-11-19 that Akamai continues to demonstrate its commitment to helping customers achieve their Zero Trust goals CAMBRIDGE, Mass., Nov. 19, 2024 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced that it is extending its industry-leading segmentation solution, Akamai Guardicore Segmentation, to support agentless enforcement for cloud native resources in Amazon Web Services (AWS), further expanding its existing capabilities in cloud environments.
AKAM’s Market Performance
Akamai Technologies Inc (AKAM) has seen a -4.17% fall in stock performance for the week, with a -18.68% decline in the past month and a -15.46% plunge in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 2.32% for AKAM. The simple moving average for the past 20 days is -10.75% for AKAM’s stock, with a -13.94% simple moving average for the past 200 days.
Analysts’ Opinion of AKAM
Many brokerage firms have already submitted their reports for AKAM stocks, with HSBC Securities repeating the rating for AKAM by listing it as a “Buy.” The predicted price for AKAM in the upcoming period, according to HSBC Securities is $121 based on the research report published on November 11, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see AKAM reach a price target of $125, previously predicting the price at $110. The rating they have provided for AKAM stocks is “Buy” according to the report published on August 09th, 2024.
Guggenheim gave a rating of “Buy” to AKAM, setting the target price at $128 in the report published on July 29th of the current year.
AKAM Trading at -13.23% from the 50-Day Moving Average
After a stumble in the market that brought AKAM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.17% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares sank -17.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.61% lower at present.
During the last 5 trading sessions, AKAM fell by -3.91%, which changed the moving average for the period of 200-days by -30.54% in comparison to the 20-day moving average, which settled at $96.72. In addition, Akamai Technologies Inc saw -27.06% 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 AKAM starting from Blumofe Robert, who sale 2,500 shares at the price of $88.61 back on Nov 15 ’24. After this action, Blumofe Robert now owns 19,510 shares of Akamai Technologies Inc, valued at $221,519 using the latest closing price.
Joseph Paul C, the EVP – Global Sales of Akamai Technologies Inc, sale 4,000 shares at $88.63 during a trade that took place back on Nov 15 ’24, which means that Joseph Paul C is holding 26,703 shares at $354,535 based on the most recent closing price.
Stock Fundamentals for AKAM
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.59 for the gross margin
The net margin for Akamai Technologies Inc stands at 0.13. The total capital return value is set at 0.07. Equity return is now at value 11.54, with 5.32 for asset returns.
Based on Akamai Technologies Inc (AKAM), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 24.6.
Currently, EBITDA for the company is 1.24 billion with net debt to EBITDA at 3.19. When we switch over and look at the enterprise to sales, we see a ratio of 4.29. The receivables turnover for the company is 5.69for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
To sum up, Akamai Technologies Inc (AKAM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” 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.
