Akamai Technologies Inc. (NASDAQ:AKAM) finished Friday with a subtraction of -$0.4 to close at $84.30, a downside of -0.47 percent. An average of 843,300 shares of common stock have been traded in the last five days. There was a gain of $1.58 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,376,625 shares traded, while the 50-day average volume stands at 1,485,278.
AKAM stock has decreased by -11.13% in the last month. The company shares reached their 1-month lowest point of $81.34 on 12/22/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $76.28 and a high of $123.25 in 52 weeks. It has reached a new high 11 times so far this year and lost -27.97% or -$32.74 in price. In spite of this, the price is down -31.60% from the 52-week high.
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AKAM stock investors should be aware that Akamai Technologies Inc. (AKAM) stock had its last reported insider trading activity 19 days ago on Dec 30. In this transaction, the insider spent $201,533. EVP and CHRO, Williams Anthony P, disposed of 2,105 shares at a price of $93.58 on Dec 02. The insider now owns more than $196,986 worth of shares. Prior to that, EVP – Global Sales Joseph Paul C went on to Sale 1,500 shares at $95.00 each on Dec 01. An amount of $142,500 was transacted.
Akamai Technologies Inc. (AKAM) has a trailing price-to-earnings (P/E) ratio of 27.01. The stock’s beta is 0.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.67, the price-to-book (PB) ratio at 3.16, and the price-to-cash flow ratio at 12.21.
The quick ratio of Akamai Technologies Inc. for the three months ended September 29 was 2.30, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $2.19 billion compared to revenue of $3.46 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, Akamai Technologies Inc.’s return on assets was 6.20%.
For the three-month period that ended September 29, Akamai Technologies Inc. had $406.33 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $108.15 million in the quarter, while revenues of $119.54 million were shrunk -65.44%. The analyst consensus anticipated Akamai Technologies Inc.’s latest quarter earnings to come in at $1.22 per share, but it turned out to be $1.26, a 3.30% surprise. For the quarter, EBITDA amounted to $312.51 million. Shareholders own equity worth $157.24 million.
From a technical analysis perspective, let’s take a brief look at Akamai Technologies Inc. (AKAM) price momentum. RSI 9-day as of the close on 30 December was 38.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.36%.
As of today, AKAM’s price is $83.83 +1.91% or $1.58 from its 5-day moving average. AKAM is currently trading -11.45% lower than its 20-day SMA and -11.34% lower than its 100-day SMA. However, the stock’s current price level is +1.64% above the SMA50 and -25.15% below the SMA200.
The stochastic %K and %D were 22.51% and 19.73%, respectively, and the average true range (ATR) was 1.68. With the 14-day stochastic at 23.57% and the average true range at 1.84, the RSI (14) stands at 40.00%. The stock has reached 0.37 on the 9-day MACD Oscillator while the 14-day reading was at -1.14.
Citigroup downgraded Akamai Technologies Inc. (NASDAQ: AKAM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Akamai Technologies Inc. (AKAM) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell AKAM, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is AKAM’s price target for the next 12 months?
Analysts predict a range of price targets between $73.00 and $137.00, with a median target of $98.00. Taking a look at these predictions, the average price target given by analysts for Akamai Technologies Inc. (AKAM) stock is $101.75.