Palo Alto Networks Inc. (NASDAQ:PANW) saw an upside of 2.22% to close Monday at $149.34 after adding $3.24 on the day. The 5-day average trading volume is 4,762,140 shares of the company’s common stock. It has gained $150.20 in the past week and touched a new high 4 times within the past 5 days. An average of 4,135,665 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,252,684.
PANW’s 1-month performance is 0.04% or $8.07 on its low of $132.22 reached on 01/12/23. The company’s shares have touched a 52-week low of $132.22 and high of $213.63, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, PANW has achieved 7.02% or $9.80 and has reached a new high 4 times. However, the current price is down -30.10% from the 52-week high price.
PANW stock investors last saw insider trading activity on Jan 10.Klarich Lee (EVP, Chief Product Officer) most recently sold 15,639 shares at $135.88 per share on Jan 10. This transaction cost the insider $2,125,004. EVP, Chief Technology Officer, ZUK NIR, sold 26,625 shares at a price of $138.46 on Jan 03. Then, on Dec 13, EVP, Chief Product Officer Klarich Lee sold 15,000 shares at a price of $166.74 per share. This transaction amounted to $2,501,157.
PANW stock has a beta of 1.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.48 while the price-to-book (PB) in the most recent quarter is 88.37, with the price to cash flow ratio at 17.86.
Palo Alto Networks Inc.’s quick ratio for the period ended July 30 was 0.70, with the current ratio over the same period at 0.70. In terms of profitability, the gross margin trailing 12 months is 69.10%. The firm’s gross profit as reported stood at $3.78 billion against revenue of $5.5 billion.
For the quarterly period ending July 30 this year, Palo Alto Networks Inc.’s cash and short-term investments amounted to $1.74 billion against total debt of $4.02 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 618.0% to $20.0 million, while revenue of $3.3 million was 83.5% off the previous quarter. Analysts expected PANW to announce $0.76 per share in earnings in its latest quarter, but it posted $0.8, representing a 5.30% surprise. EBITDA for the quarter stood at more than $198.5 million. PANW stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 12.04 billion, with total debt at $4.02 billion. Shareholders hold equity totaling $302.36 million.
Let’s look briefly at Palo Alto Networks Inc. (PANW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 70.38% to suggest the stock is trending Overbought, with historical volatility in this time period at 29.72%.
The stock’s 5-day moving average is $143.96, reflecting a +7.55% or $10.48 change from its current price. PANW is currently trading +1.30% above its 20-day SMA, -19.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.13% and SMA200 by-27.87%.
Stochastic %K and %D was 85.81% and 79.59% and the average true range (ATR) pointed at 4.43. The RSI (14) points at 58.16%, while the 14-day stochastic is at 95.22% with the period’s ATR at 4.61. The stock’s 9-day MACD Oscillator is pointing at 4.70 and 6.23 on the 14-day charts.
In the most recent analyst report for Palo Alto Networks Inc. (NASDAQ: PANW), Redburn launched coverage with a Buy rating. Analysts offering their rating for PANW stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PANW as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 34 have offered a “buy” rating.
What is PANW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $155.00 and a high of $250.00, with their median price target at $215.00. Looking at these predictions, the average price target given by analysts is for Palo Alto Networks Inc. (PANW) stock is $206.08.