The stock price of Penguin Solutions Inc (NASDAQ: PENG) has plunged by -2.71 when compared to previous closing price of 18.96, but the company has seen a -6.75% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-12-19 that DURHAM, N.C.–(BUSINESS WIRE)—- $PENG #ADJProductsLLC–Cree LED announced it has filed a patent infringement lawsuit in the U.S. District Court for the Northern District of Calif against ADJ Products, LLC.
Is It Worth Investing in Penguin Solutions Inc (NASDAQ: PENG) Right Now?
PENG has 36-month beta value of 1.69. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PENG is 51.36M, and currently, short sellers hold a 15.38% ratio of that float. The average trading volume of PENG on December 19, 2024 was 980.96K shares.
PENG’s Market Performance
PENG’s stock has seen a -6.75% decrease for the week, with a 7.80% rise in the past month and a -6.37% fall in the past quarter. The volatility ratio for the week is 6.16%, and the volatility levels for the past 30 days are at 4.15% for Penguin Solutions Inc The simple moving average for the last 20 days is -3.65% for PENG stock, with a simple moving average of -10.31% for the last 200 days.
Analysts’ Opinion of PENG
Many brokerage firms have already submitted their reports for PENG stocks, with JMP Securities repeating the rating for PENG by listing it as a “Mkt Outperform.” The predicted price for PENG in the upcoming period, according to JMP Securities is $23 based on the research report published on November 18, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see PENG reach a price target of $21. The rating they have provided for PENG stocks is “Buy” according to the report published on November 01st, 2024.
Needham gave a rating of “Buy” to PENG, setting the target price at $25 in the report published on October 16th of the current year.
PENG Trading at 3.70% 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 -38.12% of loss for the given period.
Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 6.16%, as shares surge +8.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.74% lower at present.
During the last 5 trading sessions, PENG fell by -6.67%, which changed the moving average for the period of 200-days by -21.58% in comparison to the 20-day moving average, which settled at $19.15. In addition, Penguin Solutions Inc saw -2.56% 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 Pacheco Jack A, who sale 13,334 shares at the price of $20.05 back on Dec 09 ’24. After this action, Pacheco Jack A now owns 235,960 shares of Penguin Solutions Inc, valued at $267,367 using the latest closing price.
JACK A PACHECO, the Officer of Penguin Solutions Inc, proposed sale 33,334 shares at $19.87 during a trade that took place back on Dec 09 ’24, which means that JACK A PACHECO is holding shares at $662,347 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 put it simply, Penguin Solutions Inc (PENG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
