At the last check on Thursday, Splunk Inc.’s (NASDAQ:SPLK) stock was down -$0.1, moving down -0.10 percent to $92.96. The average number of shares traded per day over the past five days has been 1,806,976 shares. 4 times new highs have been achieved over the past 5 days, with a $2.19 gain in that time frame. In the last twenty days, the average volume was 2,143,604, while in the previous 50 days, it was 2,130,410.
Since last month, SPLK stock retreated -5.90%. Shares of the company fell to $85.15 on 06/16/22, the lowest level in the past month. A 52-week high of $176.66 was reached on 04/04/22 after having rallying from a 52-week low of $84.63. Since the beginning of this year, SPLK’s stock price has dropped by -19.58% or -$22.70, and marked a new high 18 times. However, the stock has declined by -47.38% since its 52-week high.
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Splunk Inc. (SPLK) last reported insider trading activity 7 days ago on Jun 16. Bice Shawn, the President of PROD & TECH of the company, disposed of 31,316 shares for $87.73 on Jun 16. It resulted in a $2,747,204 divestment by the insider. Morgan Scott sold 883 shares at an average price of $88.08 on Jun 16. The insider now owns 130,311 shares following the transaction. On Jun 08, SVP & Chief Financial Officer Child Jason sold 2,000 shares at $108.61 apiece. The transaction was valued at $217,220.
In the three months ended January 30, Splunk Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 73.10% percent. In the year ended January 30, operating margins totaled -35.30%. Based on annual data, SPLK earned $1.94 billion in gross profit and brought in $2.67 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -34.70%. Return on equity (ROE) for the past 12 months was -537.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SPLK’s revenue rose 25.52% to $456.84 million during the quarter, while net income inched up to $674.08 million. While analysts expected Splunk Inc. to report -$0.19 quarterly earnings, the actual figure was $0.66 per share, beating the consensus estimate by 447.40%. During the quarter, the company generated -$239.86 million in EBITDA. The liabilities of Splunk Inc. were 5.87 billion at the end of its most recent quarter ended January 30, and its total debt was $3.41 billion. The value of shareholders’ equity is $160.9 million.
This quick technical analysis looks at Splunk Inc.’s (SPLK) price momentum. With a historical volatility rate of 81.33%, the RSI 9-day stood at 45.40% on 22 June.
With respect to its five-day moving average, the current Splunk Inc. price is up by +2.41% percent or $2.19. At present, SPLK shares trade +4.79% above its 20-day simple moving average and -18.31% percent below its 100-day simple moving average. However, the stock is currently trading approximately -30.21% below its SMA50 and -40.83% below its SMA200.
Stochastic coefficient K was 31.87% and Stochastic coefficient D was 26.16%, while ATR was 5.46. Given the Stochastic reading of 31.09% for the 14-day period, the RSI (14) reading has been calculated as 44.21%. As of today, the MACD Oscillator reading stands at 2.37, while the 14-day reading stands at -3.03.
Daiwa Securities upgraded its rating on Splunk Inc. (NASDAQ: SPLK) to an Outperform in a note to investors on March 04, 2022. The analysts firm previously had a Neutral rating on the stock.Splunk Inc. (SPLK) has been rated Overweight by analysts. According to 0 brokerage firms, SPLK is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Splunk Inc. stock as buy, with 19 recommending it as overweight.
With a median target price of $125.00, the current consensus forecast for the stock is $98.00 – $200.00. Based on these forecasts, analysts predict Splunk Inc. (SPLK) will achieve an average price target of $133.67.