The price-to-earnings ratio for Check Point Software Technologies Ltd (NASDAQ: CHKP) is above average at 24.84x. The 36-month beta value for CHKP is also noteworthy at 0.63. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 8 rating it as “overweight,” 22 rating it as “hold,” and 1 rating it as “sell.”
The public float for CHKP is 85.10M, and at present, short sellers hold a 3.74% of that float. The average trading volume of CHKP on November 28, 2024 was 688.61K shares.
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CHKP) stock’s latest price update
Check Point Software Technologies Ltd (NASDAQ: CHKP)’s stock price has soared by 0.02 in relation to previous closing price of 181.51. Nevertheless, the company has seen a gain of 2.67% in its stock price over the last five trading days. zacks.com reported 2024-11-26 that CHKP shares benefit from expanding AI integrated product offering. However, stretched valuation and intense competition keep investors on the sidelines.
CHKP’s Market Performance
CHKP’s stock has risen by 2.67% in the past week, with a monthly rise of 2.07% and a quarterly drop of -5.25%. The volatility ratio for the week is 2.03% while the volatility levels for the last 30 days are 1.98% for Check Point Software Technologies Ltd The simple moving average for the past 20 days is 2.81% for CHKP’s stock, with a 5.25% simple moving average for the past 200 days.
Analysts’ Opinion of CHKP
Many brokerage firms have already submitted their reports for CHKP stocks, with BofA Securities repeating the rating for CHKP by listing it as a “Neutral.” The predicted price for CHKP in the upcoming period, according to BofA Securities is $195 based on the research report published on October 30, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see CHKP reach a price target of $238, previously predicting the price at $200. The rating they have provided for CHKP stocks is “Market Perform” according to the report published on October 25th, 2024.
CHKP Trading at -4.28% from the 50-Day Moving Average
After a stumble in the market that brought CHKP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.83% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +4.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.94% lower at present.
During the last 5 trading sessions, CHKP rose by +2.67%, which changed the moving average for the period of 200-days by +10.61% in comparison to the 20-day moving average, which settled at $176.59. In addition, Check Point Software Technologies Ltd saw 18.82% 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 CHKP starting from GUY GECHT, who proposed sale 16,666 shares at the price of $184.00 back on Nov 25 ’24. After this action, GUY GECHT now owns shares of Check Point Software Technologies Ltd, valued at $3,066,544 using the latest closing price.
Greenberg Itay, the Officer of Check Point Software Technologies Ltd, proposed sale 8,668 shares at $174.01 during a trade that took place back on Nov 07 ’24, which means that Greenberg Itay is holding shares at $1,508,319 based on the most recent closing price.
Stock Fundamentals for CHKP
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.87 for the gross margin
The net margin for Check Point Software Technologies Ltd stands at 0.33. The total capital return value is set at 0.23. Equity return is now at value 29.84, with 15.34 for asset returns.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at -0.57. When we switch over and look at the enterprise to sales, we see a ratio of 7.69. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In summary, Check Point Software Technologies Ltd (CHKP) has had a better performance as of late. Analysts have bullish 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.
