The stock of Akamai Technologies Inc (AKAM) has gone up by 5.41% for the week, with a -3.12% drop in the past month and a -2.03% drop in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are 2.65% for AKAM. The simple moving average for the last 20 days is 5.08% for AKAM stock, with a simple moving average of -1.19% for the last 200 days.
Is It Worth Investing in Akamai Technologies Inc (NASDAQ: AKAM) Right Now?
Akamai Technologies Inc (NASDAQ: AKAM) has a higher price-to-earnings ratio of 29.01x compared to its average ratio, The 36-month beta value for AKAM is at 0.65. Analysts have varying views on the stock, with 13 analysts rating it as a “buy,” 4 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for AKAM is 147.41M, and currently, shorts hold a 6.09% of that float. The average trading volume for AKAM on December 03, 2024 was 1.71M shares.
AKAM) stock’s latest price update
Akamai Technologies Inc (NASDAQ: AKAM) has seen a rise in its stock price by 4.16 in relation to its previous close of 94.02. However, the company has experienced a 5.41% gain in its stock price over the last five trading sessions. schaeffersresearch.com reported 2024-12-02 that Cloud companies are shining today, after a slew of analyst attention.
Analysts’ Opinion of AKAM
HSBC Securities, on the other hand, stated in their research note that they expect to see AKAM reach a price target of $121. The rating they have provided for AKAM stocks is “Buy” according to the report published on November 11th, 2024.
Craig Hallum gave a rating of “Buy” to AKAM, setting the target price at $125 in the report published on August 09th of the current year.
AKAM Trading at -0.78% 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 -24.19% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -2.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.59% lower at present.
During the last 5 trading sessions, AKAM rose by +5.41%, which changed the moving average for the period of 200-days by -12.23% in comparison to the 20-day moving average, which settled at $93.20. In addition, Akamai Technologies Inc saw -17.25% 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 Wagner William Raymond, who proposed sale 1,000 shares at the price of $93.38 back on Nov 27 ’24. After this action, Wagner William Raymond now owns shares of Akamai Technologies Inc, valued at $93,380 using the latest closing price.
Wagner William Raymond, the Director of Akamai Technologies Inc, sale 1,000 shares at $93.38 during a trade that took place back on Nov 27 ’24, which means that Wagner William Raymond is holding 15,719 shares at $93,380 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
- 0.57 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 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.74. 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 4.74. 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
In conclusion, Akamai Technologies Inc (AKAM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
