Intel Corporation (NASDAQ:INTC) finished Thursday with a subtraction of -$1.39 to close at $32.59, a downside of -4.09 percent. An average of 32,221,701 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 35,430,906 shares traded, while the 50-day average volume stands at 40,266,773.
INTC stock has decreased by -5.15% in the last month. The company shares reached their 1-month lowest point of $32.02 on 08/21/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $24.59 and a high of $37.19 in 52 weeks. It has reached a new high 19 times so far this year and achieved 23.31% or $6.16 in price. In spite of this, the price is down -12.37% from the 52-week high.
Insider Transactions
INTC stock investors should be aware that Intel Corporation (INTC) stock had its last reported insider trading activity 4 days ago on Aug 21. In this transaction, the insider spent $32. 10% Owner, INTEL CORP, disposed of 38,500,000 shares at a price of $40.84 on Jun 12. The insider now owns more than $1,572,532,500 worth of shares. Prior to that, EVP & GM, CCG Holthaus Michelle Johnston went on to Sale 695 shares at $26.57 each on Feb 21. An amount of $18,465 was transacted.
Valuation Metrics
Intel Corporation (INTC) stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.51, the price-to-book (PB) ratio at 1.35.
The company has a payout ratio of 74.83%. The company’s most recent quarterly dividend payment was $0.1250 a share, without any change from last year. Its latest decrease dividend $0.24 reported on Wednesday February 22 2023.
Financial Health
The quick ratio of Intel Corporation for the three months ended June 29 was 1.20, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.46 and a total debt to equity ratio of 0.49 for the quarter ending June 29. Intel Corporation’s EBITDA margin for the year ending June 29 is 24.38%, while its operating margin for the same period stands at -7.00%. Its gross profit as reported stood at $26.87 billion compared to revenue of $63.05 billion.
Earnings Surprise
For the three-month period that ended June 29, Intel Corporation had $46.34 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.48 billion in the quarter, while revenues of -$2.76 billion were grew 130.65%. The analyst consensus anticipated Intel Corporation’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be $0.13, a 533.30% surprise. For the quarter, EBITDA amounted to $1.26 billion. Shareholders own equity worth $4.19 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Intel Corporation (INTC) price momentum. RSI 9-day as of the close on 24 August was 39.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.92%.
As of today, INTC’s price is $33.07 +0.03% or $0.01 from its 5-day moving average. INTC is currently trading -5.67% lower than its 20-day SMA and -0.24% lower than its 100-day SMA. However, the stock’s current price level is -3.89% below the SMA50 and +15.57% above the SMA200.
The stochastic %K and %D were 30.71% and 29.77%, respectively, and the average true range (ATR) was 1.13. With the 14-day stochastic at 15.45% and the average true range at 1.11, the RSI (14) stands at 42.56%. The stock has reached -0.39 on the 9-day MACD Oscillator while the 14-day reading was at -0.85.
Analyst Ratings
Wolfe Research reiterated its an Underperform rating on Intel Corporation (NASDAQ: INTC), but raised their price target to $27, indicating a potential price decrease of -20.7% for the stock.
