PENG has 36-month beta value of 1.67. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PENG is 45.31M, and currently, short sellers hold a 18.87% ratio of that float. The average trading volume of PENG on January 10, 2025 was 964.03K shares.
PENG) stock’s latest price update
The stock of Penguin Solutions Inc (NASDAQ: PENG) has decreased by -3.58 when compared to last closing price of 19.84. Despite this, the company has experienced a -0.31% fall in its stock price over the last five trading sessions. businesswire.com reported 2025-01-09 that LAS VEGAS–(BUSINESS WIRE)—- $PENG #AI–Penguin Solutions announced it has entered into a strategic collaboration agreement with SK Telecom and SK hynix to pursue AI data center solutions.
PENG’s Market Performance
Penguin Solutions Inc (PENG) has experienced a -0.31% fall in stock performance for the past week, with a -3.72% drop in the past month, and a -7.94% drop in the past quarter. The volatility ratio for the week is 3.87%, and the volatility levels for the past 30 days are at 4.57% for PENG. The simple moving average for the past 20 days is -1.70% for PENG’s stock, with a -5.77% simple moving average for the past 200 days.
Analysts’ Opinion of PENG
Many brokerage firms have already submitted their reports for PENG stocks, with Loop Capital repeating the rating for PENG by listing it as a “Buy.” The predicted price for PENG in the upcoming period, according to Loop Capital is $30 based on the research report published on January 07, 2025 of the current year 2025.
JMP Securities, on the other hand, stated in their research note that they expect to see PENG reach a price target of $23. The rating they have provided for PENG stocks is “Mkt Outperform” according to the report published on November 18th, 2024.
Goldman gave a rating of “Buy” to PENG, setting the target price at $21 in the report published on November 01st of the previous year.
PENG Trading at 4.56% 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 -35.83% of loss for the given period.
Volatility was left at 4.57%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares sank -8.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.95% upper at present.
During the last 5 trading sessions, PENG fell by -0.31%, which changed the moving average for the period of 200-days by -26.70% in comparison to the 20-day moving average, which settled at $19.46. In addition, Penguin Solutions Inc saw -0.31% 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 6,666 shares at the price of $20.00 back on Dec 26 ’24. After this action, Pacheco Jack A now owns 235,960 shares of Penguin Solutions Inc, valued at $133,320 using the latest closing price.
Pacheco Jack A, the EVP, COO, Pres, Integrated Mem of Penguin Solutions Inc, sale 13,334 shares at $20.05 during a trade that took place back on Dec 09 ’24, which means that Pacheco Jack A is holding 235,960 shares at $267,367 based on the most recent closing price.
Stock Fundamentals for PENG
Equity return is now at value -6.74, with -1.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
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.
