Infosys Limited (NYSE:INFY) saw a downside of -0.06% to close Tuesday at $16.77 after subtracting -$0.01 on the day. The 5-day average trading volume is 8,181,640 shares of the company’s common stock. It has gained $16.89 in the past week and touched a new high 3 times within the past 5 days. An average of 12,489,420 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,653,948.
INFY’s 1-month performance is 4.75% or $0.72 on its low of $15.33 reached on 07/20/23. The company’s shares have touched a 52-week low of $14.71 and high of $20.60, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, INFY has lost -6.89% or -$1.24 and has reached a new high 8 times. However, the current price is down -18.59% from the 52-week high price.
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Valuation Metrics
INFY stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.77 while the price-to-book (PB) in the most recent quarter is 7.73.
Infosys Limited’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.09, while the total debt to equity was 0.11.. In terms of profitability, the gross margin trailing 12 months is 30.50%. The firm’s gross profit as reported stood at $5.5 billion against revenue of $18.21 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Infosys Limited’s cash and short-term investments amounted to $1.0 million against total debt of $1.03 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 0.6% to $2.98 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected INFY to announce $0.18 per share in earnings in its latest quarter, but it posted $0.17, representing a -5.60% surprise. EBITDA for the quarter stood at more than $1.1 billion. INFY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.89 billion, with total debt at $1.03 billion.
Let’s look briefly at Infosys Limited (INFY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 55.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.55%.
The stock’s 5-day moving average is $16.66, reflecting a -0.18% or -$0.03 change from its current price. INFY is currently trading +3.26% above its 20-day SMA, -0.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.09% and SMA200 by-5.95%.
Stochastic %K and %D was 65.59% and 52.96% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 55.52%, while the 14-day stochastic is at 92.31% with the period’s ATR at 0.34. The stock’s 9-day MACD Oscillator is pointing at 0.10 and 0.21 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Infosys Limited (NYSE: INFY), Susquehanna downgraded it to a Negative rating. They previously had a Neutral rating on the stock. Analysts offering their rating for INFY stock have a consensus rating for the stock as Hold. Currently, 9 brokerage advisors rate INFY as a “sell,”, while 16 advise that investors “Hold.” 5 analysts have rated the stock as underweight. 4 rates the stock as overweight while 14 have offered a “buy” rating.
What is INFY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.00 and a high of $22.00, with their median price target at $17.57. Looking at these predictions, the average price target given by analysts is for Infosys Limited (INFY) stock is $17.32.
