The stock of Akamai Technologies Inc (AKAM) has gone up by 4.08% for the week, with a 3.51% rise in the past month and a -2.15% drop in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are 1.94% for AKAM. The simple moving average for the last 20 days is 0.73% for AKAM stock, with a simple moving average of -0.16% 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 29.02x compared to its average ratio. AKAM has 36-month beta value of 0.65. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 4 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for AKAM is 147.40M, and currently, short sellers hold a 6.38% ratio of that float. The average trading volume of AKAM on December 27, 2024 was 1.78M shares.
AKAM) stock’s latest price update
Akamai Technologies Inc (NASDAQ: AKAM)’s stock price has plunge by 1.08relation to previous closing price of 96.91. Nevertheless, the company has seen a 4.08% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-18 that Akamai is recognized by top industry influencers CAMBRIDGE, Mass., Dec. 18, 2024 /PRNewswire/ — Akamai Technologies, Inc. (NASDAQ: AKAM), the cyber security and cloud computing company that protects business online, today announced that its API Security solution has been recognized as a market leader by several independent outlets.
Analysts’ Opinion of AKAM
Many brokerage firms have already submitted their reports for AKAM stocks, with UBS repeating the rating for AKAM by listing it as a “Neutral.” The predicted price for AKAM in the upcoming period, according to UBS is $110 based on the research report published on December 16, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see AKAM reach a price target of $120. The rating they have provided for AKAM stocks is “Outperform” according to the report published on December 02nd, 2024.
HSBC Securities gave a rating of “Buy” to AKAM, setting the target price at $121 in the report published on November 11th of the current year.
AKAM Trading at 0.65% 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 -24.16% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares surge +5.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.16% lower at present.
During the last 5 trading sessions, AKAM rose by +4.08%, which changed the moving average for the period of 200-days by -10.77% in comparison to the 20-day moving average, which settled at $97.25. In addition, Akamai Technologies Inc saw -17.23% 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 McGowan Edward J, who sale 10,782 shares at the price of $98.71 back on Dec 16 ’24. After this action, McGowan Edward J now owns 12,716 shares of Akamai Technologies Inc, valued at $1,064,283 using the latest closing price.
McGowan Edward J, the Officer of Akamai Technologies Inc, proposed sale 10,782 shares at $98.71 during a trade that took place back on Dec 16 ’24, which means that McGowan Edward J is holding shares at $1,064,283 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
To put it simply, Akamai Technologies Inc (AKAM) has had a mixed performance in recent times. Analysts have a mixed 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.
