This Week’s Hot Stock: McAfee Corp. (MCFE)

The stock of McAfee Corp. (NASDAQ:MCFE) increased by increased by $0.38 on Friday to finish at $22.76, up 1.70 percent. The last five days have seen an average of 1,012,940 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $6.07. The average number of shares traded over the last 20 days was 1,321,515, while the average volume over the last 50 days totaled 1,686,422.

MCFE stock appreciated 3.97% since last month. On 10/13/21, the company’s shares reached a one-month low of $20.46. The stock touched a high of $28.23 on 08/06/21, after rallying from a low of $12.67 in 52 weeks. The price of MCFE stock has risen by 59.30% or $6.07 this year, reaching a new high 28 times. Still, the stock price is down -19.37% from the 52-week high.


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Insider Transactions

There have been 13 days since McAfee Corp. (MCFE) last reported insider trading activity on Oct 12. On Oct 12, 10% Owner TPG Group Holdings (SBS) Advis sold 545,416 shares at $21.71 each. This transaction resulted in the insider making $11,842,345. On Oct 12, Intel Americas, Inc. sold 814,346 shares at a price of US$21.71. After the transaction, the insider now owns 5,696,831 shares. 10% Owner GIC Private Ltd had earlier sold 113,314 shares on Oct 12 for $22.50 a share. The transaction was completed for $2,549,565.

Valuation Metrics

McAfee Corp.’s dividend is $0.46 per share per year. On Oct. 8, the company paid $0.1150 per share in dividends, a decrease of -97.44% from $4.50 last year. A $4.3850 dividend decrease was reported on Tuesday September 14 2021.

For the three months ended June 29, McAfee Corp.’s quick ratio was 0.40, while its current ratio was 0.40, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 71.10% percent. McAfee Corp.’s operating margin stood at 8.90% for the same period.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MCFE’s return on assets (ROA) during the last 12 months has been -1.50%. There was a -4.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.30%.

Earnings Surprise

According to McAfee Corp.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $467.0 million, while revenues rose by 100.0% to $442.0 million. It was predicted that McAfee Corp.’s quarterly earnings would be $0.28, but it ended up being $0.18, beating the consensus by 55.60%. At the end of McAfee Corp.’s most recent quarter ended June 29, its total debt was $4.04 billion.

Technical Picture

Here’s a quick look at McAfee Corp.’s (MCFE) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 64.41%, suggesting the stock is Neutral, with a 27.01% historical volatility rate.

The stochastic %K and %D were 91.69% and 81.63% respectively, while the average true range (ATR) was 0.72. Based on the 14-day stochastic reading of 98.29%, the RSI (14) reading is 54.77%. On the 9-day MACD Oscillator, the stock is at 0.73, and the 14-day reading is at 0.77.

Analyst Ratings

Analysts have assigned McAfee Corp. (MCFE) an Overweight rating. MCFE is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.

What is MCFE’s price target for the next 12 months?

The current consensus forecast for the stock is between $22.00 and $32.00, with a median target price of $29.00. In analyzing these forecasts, the average price target given by analysts for McAfee Corp. (MCFE) is $28.44.

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