As of Wednesday close, Check Point Software Technologies Ltd.’s (NASDAQ:CHKP) stock was up $2.05, moving up 1.59 percent to $130.63. The average number of shares traded per day over the past five days has been 799,140 shares. 2 times new highs have been achieved over the past 5 days, with a $4.26 gain in that time frame. In the last twenty days, the average volume was 890,165, while in the previous 50 days, it was 911,344.
Since last month, CHKP stock rose 2.16%. Shares of the company fell to $124.82 on 07/17/23, the lowest level in the past month. A 52-week high of $135.93 was reached on 04/12/23 after having rallying from a 52-week low of $107.54. Since the beginning of this year, CHKP’s stock price has risen by 3.54% or $4.47, and marked a new high 8 times. However, the stock has declined by -3.90% since its 52-week high.
Valuation Metrics
Right now, Check Point Software Technologies Ltd. (CHKP) has a P/E ratio of about 18.86. The stock’s beta is 0.66. Besides these, the trailing price-to-sales (P/S) ratio of 6.41, the price-to-book (PB) ratio of 5.45, and the price-to-cash flow ratio of 13.11 may also be considered.
Financial Health
In the three months ended June 29, Check Point Software Technologies Ltd.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 87.60% percent. In the year ended June 29, EBITDA margin amounted to 39.51%, whereas operating margins totaled 37.80%. Based on annual data, CHKP earned $2.04 billion in gross profit and brought in $2.33 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 25.70%. Return on equity (ROE) for the past 12 months was 29.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CHKP’s revenue rose 7.0% during the quarter, while net income inched up to $2.33 billion. While analysts expected Check Point Software Technologies Ltd. to report $1.89 quarterly earnings, the actual figure was $2 per share, beating the consensus estimate by 5.80%. During the quarter, the company generated $229.6 million in EBITDA. The liabilities of Check Point Software Technologies Ltd. were 2.66 billion at the end of its most recent quarter ended June 29, and its total debt was $20.7 million.
Technical Picture
This quick technical analysis looks at Check Point Software Technologies Ltd.’s (CHKP) price momentum. With a historical volatility rate of 27.20%, the RSI 9-day stood at 56.29% on 16 August.
With respect to its five-day moving average, the current Check Point Software Technologies Ltd. price is up by +3.37% percent or $4.26. At present, CHKP shares trade +2.60% above its 20-day simple moving average and +2.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.36% above its SMA50 and +2.62% above its SMA200.
Stochastic coefficient K was 56.86% and Stochastic coefficient D was 59.07%, while ATR was 2.67. Given the Stochastic reading of 69.62% for the 14-day period, the RSI (14) reading has been calculated as 55.23%. As of today, the MACD Oscillator reading stands at 1.25, while the 14-day reading stands at 0.15.
Analyst Ratings
Stifel launched its rating on Check Point Software Technologies Ltd. (NASDAQ: CHKP) to a Hold in a note to investors on May 09, 2023. Check Point Software Technologies Ltd. (CHKP) has been rated Overweight by analysts. According to 2 brokerage firms, CHKP is a sell, and 20 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Check Point Software Technologies Ltd. stock as buy, with 10 recommending it as overweight.
With a median target price of $139.00, the current consensus forecast for the stock is $118.00 – $161.00. Based on these forecasts, analysts predict Check Point Software Technologies Ltd. (CHKP) will achieve an average price target of $139.13.
