Splunk Inc. (NASDAQ:SPLK) saw an upside of 0.20% to close Monday at $151.20 after adding $0.3 on the day. The 5-day average trading volume is 1,299,120 shares of the company’s common stock. It has gained $153.85 in the past week. An average of 1,466,935 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,733,276.
SPLK’s 1-month performance is -1.72% or -$2.65 on its low of $136.83 reached on 09/29/21. The company’s shares have touched a 52-week low of $110.28 and high of $222.19, with the stock’s rally to the 52-week high happening on 02/02/21. YTD, SPLK has lost -11.00% or -$18.69. However, the current price is down -31.95%% from the 52-week high price.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
On Sep 17, 25 days have gone by since the last insider trading activity for Splunk Inc. (SPLK). Child Jason (SVP & Chief Financial Officer) most recently sold 1,693 shares at $153.41 per share on Sep 17. This transaction cost the insider $259,723. Chief Accounting Officer, Emanuelson Timothy, sold 358 shares at a price of $151.02 on Sep 16. Then, on Sep 16, President and CEO Merritt Douglas sold 27,526 shares at a price of $151.55 per share. This transaction amounted to $4,171,448.
Splunk Inc. (SPLK) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.91 for the sector.SPLK stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.07 while the price-to-book (PB) in the most recent quarter is 21.85.
Splunk Inc.’s quick ratio for the period ended July 30 was 2.40, with the current ratio over the same period at 2.40 meaning that SPLK stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 2.69, while the total debt to equity was 2.69. In terms of profitability, the gross margin trailing 12 months is 73.40%. The trailing 12-month EBITDA margin is -29.20% while for the period ending July 30; Splunk Inc.’s operating margin was -42.80%. The firm’s gross profit as reported stood at $1.68 billion against revenue of $2.23 billion.
For the quarterly period ending July 30 this year, Splunk Inc.’s cash and short-term investments amounted to $267.04 million against total debt of $3.27 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SPLK to announce -$0.69 per share in earnings in its latest quarter, but it posted -$0.62, representing a 10.10% surprise. EBITDA for the quarter stood at more than -$252.71 million. SPLK stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 4.91 billion, with total debt at $3.27 billion. Shareholders hold equity totaling $161.55 million
Let’s look briefly at Splunk Inc. (SPLK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 58.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.88%.
The stock’s 5-day moving average is $148.24, reflecting a +7.78% or $10.92 change from its current price. SPLK is currently trading +0.18% above its 20-day SMA, +34.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +6.49% and -17.17% respectively.
Stochastic %K and %D was 82.53% and 71.18% and the average true range (ATR) pointed at 4.81. The RSI (14) points at 54.89%, while the 14-day stochastic is at 84.43% with the period’s ATR at 4.65. The stock’s 9-day MACD Oscillator is pointing at 5.29 and 4.25 on the 14-day charts.
In the most recent analyst report for Splunk Inc. (NASDAQ: SPLK), UBS upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for SPLK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SPLK as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 21 have offered a “buy” rating.
What is SPLK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $133.00 and a high of $225.00, with their median price target at $184.00. Looking at these predictions, the average price target given by analysts is for Splunk Inc. (SPLK) stock is $179.90.