The stock of Infosys Limited (NYSE:INFY) increased by $0.2 on Friday to finish at $16.88, up 1.20 percent. The last five days have seen an average of 6,404,253 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.13. The average number of shares traded over the last 20 days was 11,544,168, while the average volume over the last 50 days totaled 10,568,923.
INFY stock dropped -0.94% since last month. On 07/20/23, the company’s shares reached a one-month low of $15.33. The stock touched a high of $20.57 on 02/09/23, after rallying from a low of $14.71 in 52 weeks. The price of INFY stock has declined by -6.27% or -$1.13 this year, reaching a new high 8 times. Still, the stock price is down -17.94% from the 52-week high.
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Valuation Metrics
Infosys Limited (INFY) has a trailing price-to-earnings (P/E) ratio of 23.58. Beta for the stock is 0.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.86, the price-to-book (PB) ratio of 7.74.
Company paid $0.2134 per share in dividends, an increase of 24.8% from $0.1710 last year. A $0.0424 dividend increase was reported on Wednesday May 31 2023.
Financial Health
For the three months ended June 29, Infosys Limited’s quick ratio was 1.70, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.09, and the total debt to equity ratio is 0.11. As far as profitability goes, gross margin for the trailing twelve months is 30.50% percent. Infosys Limited’s EBITDA margin for the year ended June 29 was 24.26%, whereas its operating margin stood at 21.20% for the same period. Based on annual data, it had gross profit of $5.5 billion and revenue of $18.21 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. INFY’s return on assets (ROA) during the last 12 months has been 19.30%. There was a 25.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.50%.
Earnings Surprise
According to Infosys Limited’s quarterly financial report for the quarter that ended June 29, it had $301.0 million in total debt versus $1.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $18.21 billion, while revenues rose by 10.44% to $0.0. It was predicted that Infosys Limited’s quarterly earnings would be $0.17, but it ended up being $0.18, beating the consensus by -5.60%. EBITDA was $1.1 billion for the quarter. At the end of Infosys Limited’s most recent quarter ended June 29, its liabilities totaled 6.89 billion, while its total debt was $1.03 billion.
Technical Picture
Here’s a quick look at Infosys Limited’s (INFY) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 57.70%, suggesting the stock is Neutral, with a 15.18% historical volatility rate.
The stochastic %K and %D were 76.88% and 78.57% respectively, while the average true range (ATR) was 0.31. Based on the 14-day stochastic reading of 85.80%, the RSI (14) reading is 56.59%. On the 9-day MACD Oscillator, the stock is at 0.10, and the 14-day reading is at 0.13.
Analyst Ratings
Infosys Limited (NYSE: INFY) was downgraded by Susquehanna to a a Negative rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Infosys Limited (INFY) an Hold rating. INFY is a stock that is recommended for selling by 9 brokerage firms, while 16 companies recommend holding. The stock is underweighted by 5 analysts. Among the analysts who rate the stock, 4 rates it overweight and 14 others recommend it as a buy.
What is INFY’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $22.00, with a median target price of $17.57. In analyzing these forecasts, the average price target given by analysts for Infosys Limited (INFY) is $17.32.
