Intel Corporation (NASDAQ:INTC) saw an upside of 1.19% to close Monday at $33.14 after adding $0.39 on the day. The 5-day average trading volume is 34,100,680 shares of the company’s common stock. It has gained $35.63 in the past week and touched a new high 1 time within the past 5 days. An average of 36,911,691 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 41,435,852.
INTC’s 1-month performance is -2.59% or -$0.88 on its low of $32.02 reached on 08/21/23. The company’s shares have touched a 52-week low of $24.59 and high of $37.19, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, INTC has achieved 25.39% or $6.71 and has reached a new high 19 times. However, the current price is down -10.89% from the 52-week high price.
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Insider Transactions
INTC stock investors last saw insider trading activity on Aug 02.INTEL CORP (10% Owner) most recently sold 38,500,000 shares at $40.84 per share on Jun 12. This transaction cost the insider $1,572,532,500. EVP & GM, CCG, Holthaus Michelle Johnston, sold 695 shares at a price of $26.57 on Feb 21.
Valuation Metrics
INTC stock has a beta of 0.90. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.55 while the price-to-book (PB) in the most recent quarter is 1.37.
Intel Corporation’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.46, while the total debt to equity was 0.49. In terms of profitability, the gross margin trailing 12 months is 38.30%. The trailing 12-month EBITDA margin is 24.38% while for the period ending June 29, Intel Corporation’s operating margin was -7.00%. The firm’s gross profit as reported stood at $26.87 billion against revenue of $63.05 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 130.65% to $1.48 billion, while revenue of -$2.76 billion was 286.23% off the previous quarter. Analysts expected INTC to announce -$0.03 per share in earnings in its latest quarter, but it posted $0.12, representing a 500.00% surprise. EBITDA for the quarter stood at more than $1.26 billion. INTC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 81.16 billion, with total debt at $49.05 billion. Shareholders hold equity totaling $4.19 billion.
Let’s look briefly at Intel Corporation (INTC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 40.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.10%.
The stock’s 5-day moving average is $33.35, reflecting a -7.12% or -$2.54 change from its current price. INTC is currently trading -1.46% above its 20-day SMA, +13.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.15% and SMA200 by+17.10%.
Stochastic %K and %D was 16.65% and 11.71% and the average true range (ATR) pointed at 1.05. The RSI (14) points at 44.04%, while the 14-day stochastic is at 30.35% with the period’s ATR at 1.06. The stock’s 9-day MACD Oscillator is pointing at -1.21 and -1.53 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Intel Corporation (NASDAQ: INTC), Wolfe Research reiterated its an Underperform rating for the company but lifted their price target by $27 to $31. Analysts offering their rating for INTC stock have a consensus rating for the stock as Hold. Currently, 6 brokerage advisors rate INTC as a “sell,”, while 28 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is INTC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $17.00 and a high of $65.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Intel Corporation (INTC) stock is $36.91.
