The stock of Intel Corporation (NASDAQ:INTC) increased by $0.37 on Monday to finish at $33.62, up 1.11 percent. The last five days have seen an average of 28,671,160 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $7.19. The average number of shares traded over the last 20 days was 30,589,545, while the average volume over the last 50 days totaled 38,418,496.
INTC stock dropped -8.72% since last month. On 08/21/23, the company’s shares reached a one-month low of $32.02. The stock touched a high of $37.19 on 07/31/23, after rallying from a low of $24.59 in 52 weeks. The price of INTC stock has risen by 27.20% or $7.19 this year, reaching a new high 19 times. Still, the stock price is down -9.60% 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 8 days ago on Aug 21. On Aug 21, EVP & GM, CCG Holthaus Michelle Johnston sold 1 shares at $32.41 each. This transaction resulted in the insider making $32. On Aug 02, GELSINGER PATRICK P added 3,850 shares at a price of US$34.63. After the transaction, the insider now owns 105,495 shares. CEO GELSINGER PATRICK P had earlier bought 3,250 shares on Jul 31 for $35.87 a share. The transaction was completed for $116,586.
Valuation Metrics
Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.55, the price-to-book (PB) ratio of 1.39.
Company paid $0.1250 per share in dividends, remained unchanged from $0.1250 last year. A $0.24 dividend decrease was reported on Wednesday February 22 2023.
Financial Health
For the three months ended June 29, Intel Corporation’s quick ratio was 1.20, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.46, and the total debt to equity ratio is 0.49. As far as profitability goes, gross margin for the trailing twelve months is 38.30% percent. Intel Corporation’s EBITDA margin for the year ended June 29 was 24.38%, whereas its operating margin stood at -7.00% for the same period. Based on annual data, it had gross profit of $26.87 billion and revenue of $63.05 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. INTC’s return on assets (ROA) during the last 12 months has been -0.50%. There was a 2.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -0.90%.
Earnings Surprise
According to Intel Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $12.95 billion, while revenues fell by -18.32% to $11.71 billion. It was predicted that Intel Corporation’s quarterly earnings would be $0.12, but it ended up being -$0.03. EBITDA was $1.26 billion for the quarter. At the end of Intel Corporation’s most recent quarter ended June 29, its liabilities totaled 81.16 billion, while its total debt was $49.05 billion. Equity owned by shareholders amounts to $4.19 billion.
Technical Picture
Here’s a quick look at Intel Corporation’s (INTC) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 48.85%, suggesting the stock is Neutral, with a 39.39% historical volatility rate.
The stochastic %K and %D were 30.71% and 31.80% respectively, while the average true range (ATR) was 1.06. Based on the 14-day stochastic reading of 43.36%, the RSI (14) reading is 48.70%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at -0.61.
Analyst Ratings
In a note to investors, Wolfe Research maintained its an Underperform rating on Intel Corporation (NASDAQ: INTC). However, the firm raised their price target to $31, indicating a possible decrease of -24.52% in the stock price. Analysts have assigned Intel Corporation (INTC) an Hold rating. INTC is a stock that is recommended for selling by 6 brokerage firms, while 28 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 8 others recommend it as a buy.
What is INTC’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.00 and $65.00, with a median target price of $37.00. In analyzing these forecasts, the average price target given by analysts for Intel Corporation (INTC) is $36.91.
