Check Point Software Technologies Ltd. (NASDAQ:CHKP) saw an upside of 0.67% to close Tuesday at $119.71 after adding $0.8 on the day. The 5-day average trading volume is 761,020 shares of the company’s common stock. It has gained $120.92 in the past week. An average of 813,785 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 780,544.
CHKP’s 1-month performance is 1.26% or -$1.41 on its low of $112.57 reached on 10/01/21. The company’s shares have touched a 52-week low of $109.07 and high of $139.26, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, CHKP has lost -9.93% or -$13.20. However, the current price is down -14.04%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 26.67 and a low of 15.06. CHKP stock has a beta of 0.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.54 while the price-to-book (PB) in the most recent quarter is 4.89, with the price to cash flow ratio at 14.27.
Check Point Software Technologies Ltd.’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 1.50 meaning that CHKP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 88.80%. The trailing 12-month EBITDA margin is 45.10% while for the period ending June 29; Check Point Software Technologies Ltd.’s operating margin was 43.70%. The firm’s gross profit as reported stood at $1.84 billion against revenue of $2.06 billion.
For the quarterly period ending June 29 this year, Check Point Software Technologies Ltd.’s cash and short-term investments amounted to $1.22 billion against total debt of $29.8 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CHKP to announce $1.56 per share in earnings in its latest quarter, but it posted $1.61, representing a 3.20% surprise. EBITDA for the quarter stood at more than $229.9 million. CHKP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.39 billion, with total debt at $29.8 million
Let’s look briefly at Check Point Software Technologies Ltd. (CHKP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 66.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.48%.
The stock’s 5-day moving average is $117.38, reflecting a +5.30% or $6.02 change from its current price. CHKP is currently trading +2.90% above its 20-day SMA, +1.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.92% and -11.16% respectively.
Stochastic %K and %D was 85.94% and 79.36% and the average true range (ATR) pointed at 2.09. The RSI (14) points at 57.40%, while the 14-day stochastic is at 85.56% with the period’s ATR at 2.08. The stock’s 9-day MACD Oscillator is pointing at 2.78 and 2.64 on the 14-day charts.
In the most recent analyst report for Check Point Software Technologies Ltd. (NASDAQ: CHKP), Wells Fargo launched coverage with an Underweight rating. Analysts offering their rating for CHKP stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate CHKP as a “sell,”, while 17 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is CHKP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $110.00 and a high of $153.00, with their median price target at $130.00. Looking at these predictions, the average price target given by analysts is for Check Point Software Technologies Ltd. (CHKP) stock is $131.50.