Akamai Technologies Inc. (NASDAQ:AKAM) saw an upside of 2.05% to $94.53 after adding $1.9 on Monday. The 5-day average trading volume is 822,880 shares of the company’s common stock. It has gained $94.74 in the past week and touched a new high 1 time within the past 5 days. An average of 1,044,220 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,284,700.
AKAM’s 1-month performance is 5.30% or $4.67 on its low of $89.40 reached on 07/10/23. The company’s shares have touched a 52-week low of $70.65 and high of $98.81, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, AKAM has achieved 12.14% or $10.14 and has reached a new high 17 times. However, the current price is down -4.33% from the 52-week high price.
Insider Transactions
AKAM stock investors last saw insider trading activity on Jul 27.Karon Adam (COO & GM Edge Technology Group) most recently sold 10,500 shares at $95.00 per share on Jul 27. This transaction cost the insider $997,500. Chief Technology Officer, Blumofe Robert, sold 7,238 shares at a price of $91.18 on Jun 15. Then, on Jun 02, EVP and GM Security Sundaram Mani sold 1,639 shares at a price of $93.30 per share. This transaction amounted to $152,919.
Valuation Metrics
AKAM stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.97 while the price-to-book (PB) in the most recent quarter is 3.53, with the price to cash flow ratio at 19.56.
Akamai Technologies Inc.’s quick ratio for the period ended March 30 was 2.00, with the current ratio over the same period at 2.00. In terms of profitability, the gross margin trailing 12 months is 61.10%. The trailing 12-month EBITDA margin is 36.27% while for the period ending March 30, Akamai Technologies Inc.’s operating margin was 17.40%. The firm’s gross profit as reported stood at $2.23 billion against revenue of $3.62 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Akamai Technologies Inc.’s cash and short-term investments amounted to $453.11 million against total debt of $3.23 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -22.71% to $97.11 million, while revenue of $176.82 million was -82.08% off the previous quarter. Analysts expected AKAM to announce $1.32 per share in earnings in its latest quarter, but it posted $1.4, representing a 6.10% surprise. EBITDA for the quarter stood at more than $263.19 million. AKAM stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 4.01 billion, with total debt at $3.23 billion. Shareholders hold equity totaling $152.2 million.
Let’s look briefly at Akamai Technologies Inc. (AKAM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 61.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.91%.
The stock’s 5-day moving average is $93.25, reflecting a -0.06% or -$0.06 change from its current price. AKAM is currently trading +3.97% above its 20-day SMA, +31.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.76% and SMA200 by+11.92%.
Stochastic %K and %D was 42.50% and 34.80% and the average true range (ATR) pointed at 1.36. The RSI (14) points at 60.62%, while the 14-day stochastic is at 74.69% with the period’s ATR at 1.37. The stock’s 9-day MACD Oscillator is pointing at -0.46 and -0.19 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for AKAM stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate AKAM as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is AKAM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $67.00 and a high of $115.00, with their median price target at $94.00. Looking at these predictions, the average price target given by analysts is for Akamai Technologies Inc. (AKAM) stock is $94.99.
