As of Friday close, Akamai Technologies Inc.’s (NASDAQ:AKAM) stock was up $1.08, moving up 1.49 percent to $73.61. The average number of shares traded per day over the past five days has been 3,040,260 shares. 4 times new highs have been achieved over the past 5 days, with a $1.65 gain in that time frame. In the last twenty days, the average volume was 2,170,890, while in the previous 50 days, it was 1,774,966.
Since last month, AKAM stock retreated -6.41%. Shares of the company fell to $70.65 on 03/13/23, the lowest level in the past month. A 52-week high of $123.25 was reached on 02/02/23 after having rallying from a 52-week low of $70.65. Since the beginning of this year, AKAM’s stock price has dropped by -12.68% or -$10.69, and marked a new high 11 times. However, the stock has declined by -40.28% since its 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 1 day ago on Mar 17. LEIGHTON F THOMSON, the Chief Executive Officer of the company, purchased of 343 shares for $72.89 on Mar 17. It resulted in a $25,001 investment by the insider. LEIGHTON F THOMSON added 348 shares at an average price of $71.88 on Mar 16. The insider now owns 73,934 shares following the transaction. On Mar 15, Chief Executive Officer LEIGHTON F THOMSON bought 350 shares at $71.53 apiece. The transaction was valued at $25,036.
Right now, Akamai Technologies Inc. (AKAM) has a P/E ratio of about 22.51. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 3.26, the price-to-book (PB) ratio of 2.65, and the price-to-cash flow ratio of 11.40 may also be considered.
In the three months ended December 30, Akamai Technologies Inc.’s quick ratio stood at 2.40, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.52. On the profitability front, the trailing twelve-month gross margin is 61.70% percent. In the year ended December 30, operating margins totaled 18.70%. Based on annual data, AKAM earned $2.23 billion in gross profit and brought in $3.62 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 8.30%. Return on equity (ROE) for the past 12 months was 12.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AKAM’s revenue rose 2.42% to $881.9 million during the quarter, while net income inched up to $927.78 million. While analysts expected Akamai Technologies Inc. to report $1.27 quarterly earnings, the actual figure was $1.37 per share, beating the consensus estimate by 7.90%. During the quarter, the company generated $317.14 million in EBITDA. The liabilities of Akamai Technologies Inc. were 3.94 billion at the end of its most recent quarter ended December 30, and its total debt was $3.17 billion. The value of shareholders’ equity is $156.28 million.
This quick technical analysis looks at Akamai Technologies Inc.’s (AKAM) price momentum. With a historical volatility rate of 20.14%, the RSI 9-day stood at 45.20% on 17 March.
With respect to its five-day moving average, the current Akamai Technologies Inc. price is up by +2.29% percent or $1.65. At present, AKAM shares trade -4.49% below its 20-day simple moving average and -14.29% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.27% below its SMA50 and -27.15% below its SMA200.
Stochastic coefficient K was 35.54% and Stochastic coefficient D was 24.83%, while ATR was 1.68. Given the Stochastic reading of 51.48% for the 14-day period, the RSI (14) reading has been calculated as 40.03%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.54.
Akamai Technologies Inc. downgraded its rating on Akamai Technologies Inc. (NASDAQ: AKAM) to a Sector perform in a note to investors on February 15, 2023. The analysts firm previously had an Outperform rating on the stock.Akamai Technologies Inc. (AKAM) has been rated Hold by analysts. According to 2 brokerage firms, AKAM is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Akamai Technologies Inc. stock as buy, with 5 recommending it as overweight.