As of Thursday close, Intel Corporation’s (NASDAQ:INTC) stock was down -$0.95, moving down -2.83 percent to $32.58. The average number of shares traded per day over the past five days has been 33,752,781 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.10 fall in that time frame. In the last twenty days, the average volume was 38,791,758, while in the previous 50 days, it was 41,573,402.
Since last month, INTC stock retreated -5.46%. Shares of the company fell to $32.35 on 08/17/23, the lowest level in the past month. A 52-week high of $37.19 was reached on 07/31/23 after having rallying from a 52-week low of $24.59. Since the beginning of this year, INTC’s stock price has risen by 23.27% or $6.15, and marked a new high 19 times. However, the stock has declined by -12.40% since its 52-week high.
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INTC stock investors should be aware that Intel Corporation (INTC) stock had its last reported insider trading activity 16 days ago on Aug 02. GELSINGER PATRICK P, the CEO of the company, purchased of 3,850 shares for $34.63 on Aug 02. It resulted in a $133,343 investment by the insider. GELSINGER PATRICK P added 3,250 shares at an average price of $35.87 on Jul 31. The insider now owns 139,715 shares following the transaction. On Jun 12, 10% Owner INTEL CORP sold 38,500,000 shares at $40.84 apiece. The transaction was valued at $1,572,532,500.
Valuation Metrics
The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 2.51, the price-to-book (PB) ratio of 1.35.
The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250. On Wednesday February 22 2023, a $0.24 dividend decrease was announced.
Financial Health
In the three months ended June 29, Intel Corporation’s quick ratio stood at 1.20, while its current ratio was 1.60, 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 0.46, and the total debt-to-equity ratio was 0.49. On the profitability front, the trailing twelve-month gross margin is 38.30% percent. In the year ended June 29, EBITDA margin amounted to 24.38%, whereas operating margins totaled -7.00%. Based on annual data, INTC earned $26.87 billion in gross profit and brought in $63.05 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 2.50%. Return on equity (ROE) for the past 12 months was -0.90%.
In Intel Corporation’s quarter-end financial report for June 29, it reported total debt of $46.34 billion against cash and short-term investments of $15.91 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. INTC’s revenue fell -18.32% to $11.71 billion during the quarter, while net income inched up to $12.95 billion. While analysts expected Intel Corporation to report -$0.03 quarterly earnings, the actual figure was $0.13 per share, beating the consensus estimate by 533.30%. During the quarter, the company generated $1.26 billion in EBITDA. The liabilities of Intel Corporation were 81.16 billion at the end of its most recent quarter ended June 29, and its total debt was $49.05 billion. The value of shareholders’ equity is $4.19 billion.
Technical Picture
This quick technical analysis looks at Intel Corporation’s (INTC) price momentum. With a historical volatility rate of 29.83%, the RSI 9-day stood at 33.44% on 17 August.
With respect to its five-day moving average, the current Intel Corporation price is down by -6.06% percent or -$2.10. At present, INTC shares trade -2.37% below its 20-day simple moving average and +10.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.23% above its SMA50 and +12.07% above its SMA200.
Stochastic coefficient K was 11.32% and Stochastic coefficient D was 27.03%, while ATR was 1.08. Given the Stochastic reading of 4.75% for the 14-day period, the RSI (14) reading has been calculated as 40.25%. As of today, the MACD Oscillator reading stands at -0.89, while the 14-day reading stands at -1.13.
Analyst Ratings
Wolfe Research reiterated its an Underperform rating on Intel Corporation (NASDAQ: INTC) in a note to investors. The analysts firm has however raised their price target to $31, representing a possible -20.67% increase in the stock price. Intel Corporation (INTC) has been rated Hold by analysts. According to 6 brokerage firms, INTC is a sell, and 28 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Intel Corporation stock as buy, with 8 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $17.00 – $65.00. Based on these forecasts, analysts predict Intel Corporation (INTC) will achieve an average price target of $36.91.
