Cisco Systems Inc. (NASDAQ:CSCO) finished Thursday with a subtraction of -$0.44 to close at $41.15, a downside of -1.06 percent. An average of 20,256,820 shares of common stock have been traded in the last five days. There was a fall of -$2.14 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 18,767,359 shares traded, while the 50-day average volume stands at 18,596,447.
CSCO stock has decreased by -13.20% in the last month. The company shares reached their 1-month lowest point of $41.14 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $40.82 and a high of $64.29 in 52 weeks. It has reached a new high 1 time so far this year and lost -35.06% or -$22.22 in price. In spite of this, the price is down -35.99% from the 52-week high.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now.
10 days have passed since Cisco Systems Inc. (CSCO) last reported insider trading activity. BHATT PRAT, who is SVP & Chief Acctg Officer, most recently acquired $19,168 shares at $44.28 per share on Sep 13. In this transaction, the insider spent $848,790. EVP & Chief Cust & Prtnr Offcr, Sharritts Jeffery S., disposed of 637 shares at a price of $44.69 on Sep 13. The insider now owns more than $28,468 worth of shares. Prior to that, EVP & Chief Operating Officer Martinez Maria went on to Sale 4,674 shares at $46.40 each on Sep 12. An amount of $216,878 was transacted.
Cisco Systems Inc. (CSCO) has a trailing price-to-earnings (P/E) ratio of 14.59. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.28, the price-to-book (PB) ratio at 4.23, and the price-to-cash flow ratio at 22.59.
The company has a payout ratio of 52.30%. The company’s most recent quarterly dividend payment was $0.38 a share, without any change from last year. Its latest increase dividend $0.01 reported on Wednesday February 16 2022.
The quick ratio of Cisco Systems Inc. for the three months ended July 30 was 1.40, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.23 for the quarter ending July 30. Its gross profit as reported stood at $32.25 billion compared to revenue of $51.56 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cisco Systems Inc.’s return on assets was 12.40%.
For the three-month period that ended July 30, Cisco Systems Inc. had $12.19 billion in cash and short-term investments compared to $8.42 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.81 billion in the quarter, while revenues were shrunk -6.89%. The analyst consensus anticipated Cisco Systems Inc.’s latest quarter earnings to come in at $0.82 per share, but it turned out to be $0.83, a 1.20% surprise. For the quarter, EBITDA amounted to $3.86 billion. Shareholders own equity worth $4.11 billion.
From a technical analysis perspective, let’s take a brief look at Cisco Systems Inc. (CSCO) price momentum. RSI 9-day as of the close on 22 September was 20.45%, suggesting the stock is oversold, with historical volatility in this time frame at 25.66%.
As of today, CSCO’s price is $42.38 -4.94% or -$2.14 from its 5-day moving average. CSCO is currently trading -12.58% lower than its 20-day SMA and -15.99% lower than its 100-day SMA. However, the stock’s current price level is -3.63% below the SMA50 and -27.76% below the SMA200.
The stochastic %K and %D were 2.56% and 6.95%, respectively, and the average true range (ATR) was 0.95. With the 14-day stochastic at 0.18% and the average true range at 0.96, the RSI (14) stands at 28.09%. The stock has reached -1.52 on the 9-day MACD Oscillator while the 14-day reading was at -2.15.
Barclays downgraded Cisco Systems Inc. (NASDAQ: CSCO) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Cisco Systems Inc. (CSCO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CSCO, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 others rate it as a “buy”.
What is CSCO’s price target for the next 12 months?
Analysts predict a range of price targets between $44.00 and $65.00, with a median target of $53.00. Taking a look at these predictions, the average price target given by analysts for Cisco Systems Inc. (CSCO) stock is $53.67.