As of Friday close, Infosys Limited’s (NYSE:INFY) stock was up $0.2, moving up 1.21 percent to $16.71. The average number of shares traded per day over the past five days has been 8,622,120 shares. 3 times new highs have been achieved over the past 5 days, with a $0.25 gain in that time frame. In the last twenty days, the average volume was 12,616,520, while in the previous 50 days, it was 10,740,992.
Since last month, INFY stock rose 3.98%. Shares of the company fell to $15.33 on 07/20/23, the lowest level in the past month. A 52-week high of $20.60 was reached on 02/09/23 after having rallying from a 52-week low of $14.71. Since the beginning of this year, INFY’s stock price has dropped by -7.22% or -$1.30, and marked a new high 8 times. However, the stock has declined by -18.88% since its 52-week high.
Valuation Metrics
Right now, Infosys Limited (INFY) has a P/E ratio of about 23.21. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 3.79, the price-to-book (PB) ratio of 7.63.
The latest dividend of $0.2134 per share was paid out, which is 24.8% more than last year’s $0.1710. On Wednesday May 31 2023, a $0.0424 dividend increase was announced.
Financial Health
In the three months ended June 29, Infosys Limited’s quick ratio stood at 1.70, while its current ratio was 1.70, 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 June 29 was 0.09, and the total debt-to-equity ratio was 0.11. On the profitability front, the trailing twelve-month gross margin is 30.50% percent. In the year ended June 29, operating margins totaled 21.20%. Based on annual data, INFY earned $5.5 billion in gross profit and brought in $18.21 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 25.90%. Return on equity (ROE) for the past 12 months was 32.50%.
In Infosys Limited’s quarter-end financial report for June 29, it reported total debt of $301.0 million against cash and short-term investments of $1.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. INFY’s revenue rose 10.44% during the quarter, while net income inched up to $18.21 billion. While analysts expected Infosys Limited to report $0.18 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by -5.60%. During the quarter, the company generated $1.1 billion in EBITDA. The liabilities of Infosys Limited were 6.89 billion at the end of its most recent quarter ended June 29, and its total debt was $1.03 billion.
Technical Picture
This quick technical analysis looks at Infosys Limited’s (INFY) price momentum. With a historical volatility rate of 16.16%, the RSI 9-day stood at 54.41% on 04 August.
With respect to its five-day moving average, the current Infosys Limited price is up by +1.52% percent or $0.25. At present, INFY shares trade +4.11% above its 20-day simple moving average and -3.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately +7.60% above its SMA50 and -7.98% below its SMA200.
Stochastic coefficient K was 44.48% and Stochastic coefficient D was 45.79%, while ATR was 0.36. Given the Stochastic reading of 49.11% for the 14-day period, the RSI (14) reading has been calculated as 54.64%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.11.
Analyst Ratings
Infosys Limited downgraded its rating on Infosys Limited (NYSE: INFY) to a Negative in a note to investors on June 21, 2023. The analysts firm previously had a Neutral rating on the stock.Infosys Limited (INFY) has been rated Hold by analysts. According to 9 brokerage firms, INFY is a sell, and 16 firms recommend it is a Hold. There are 5 analysts who say the stock is underweight. A total of 4 analysts rate Infosys Limited stock as buy, with 14 recommending it as overweight.
With a median target price of $17.57, the current consensus forecast for the stock is $13.00 – $22.00. Based on these forecasts, analysts predict Infosys Limited (INFY) will achieve an average price target of $17.32.
