Infosys Limited (NYSE:INFY) finished Thursday with a subtraction of -$0.34 to close at $16.68, a downside of -2.00 percent. An average of 21,035,061 shares of common stock have been traded in the last five days. There was a fall of -$1.11 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 11,129,255 shares traded, while the 50-day average volume stands at 9,219,472.
INFY stock has decreased by -13.35% in the last month. The company shares reached their 1-month lowest point of $16.59 on 09/22/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $16.95 and a high of $26.39 in 52 weeks. It has reached a new high 2 times so far this year and lost -34.10% or -$8.63 in price. In spite of this, the price is down -36.79% from the 52-week high.
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Infosys Limited (INFY) has a trailing price-to-earnings (P/E) ratio of 25.12. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.52, the price-to-book (PB) ratio at 7.58, and the price-to-cash flow ratio at 67.76.
The company’s most recent quarterly dividend payment was $0.1710 a share, representing a down of -3.39% from $0.1770 last year. Its latest decrease dividend $0.0060 reported on Tuesday June 28 2022.
The quick ratio of Infosys Limited for the three months ended June 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.07 and a total debt to equity ratio of 0.08 for the quarter ending June 29. Its gross profit as reported stood at $5.32 billion compared to revenue of $16.31 billion.
For the three-month period that ended June 29, Infosys Limited had $299.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.96 billion in the quarter, while revenues were grew 11.81%. The analyst consensus anticipated Infosys Limited’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.16, a -11.10% surprise. For the quarter, EBITDA amounted to $1.01 billion.
From a technical analysis perspective, let’s take a brief look at Infosys Limited (INFY) price momentum. RSI 9-day as of the close on 22 September was 20.84%, suggesting the stock is oversold, with historical volatility in this time frame at 19.05%.
As of today, INFY’s price is $17.10 -6.24% or -$1.11 from its 5-day moving average. INFY is currently trading -13.35% lower than its 20-day SMA and -16.05% lower than its 100-day SMA. However, the stock’s current price level is -7.90% below the SMA50 and -25.03% below the SMA200.
The stochastic %K and %D were 2.90% and 6.37%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 3.02% and the average true range at 0.41, the RSI (14) stands at 26.46%. The stock has reached -0.78 on the 9-day MACD Oscillator while the 14-day reading was at -1.04.
Susquehanna downgraded Infosys Limited (NYSE: INFY) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Positive. The consensus rating for Infosys Limited (INFY) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell INFY, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 7 analysts, while 25 others rate it as a “buy”.
What is INFY’s price target for the next 12 months?
Analysts predict a range of price targets between $14.32 and $25.99, with a median target of $21.20. Taking a look at these predictions, the average price target given by analysts for Infosys Limited (INFY) stock is $21.14.