At the last check on Friday, Splunk Inc.’s (NASDAQ:SPLK) stock was up $1.9, moving up 1.57 percent to $123.16. The average number of shares traded per day over the past five days has been 1,929,093 shares. 5 times new highs have been achieved over the past 5 days, with a $6.66 gain in that time frame. In the last twenty days, the average volume was 1,962,628, while in the previous 50 days, it was 1,540,705.
Since last month, SPLK stock rose 17.95%. Shares of the company fell to $95.24 on 08/18/23, the lowest level in the past month. A 52-week high of $122.19 was reached on 09/01/23 after having rallying from a 52-week low of $65.00. Since the beginning of this year, SPLK’s stock price has risen by 43.06% or $36.51, and marked a new high 19 times. However, the stock has increased by 0.79% since its 52-week high.
SPLK stock investors should be aware that Splunk Inc. (SPLK) stock had its last reported insider trading activity 8 days ago on Aug 24. Steele Elisa, the Director of the company, disposed of 3,050 shares for $112.00 on Aug 24. It resulted in a $341,600 divestment by the insider. Morgan Scott sold 4,996 shares at an average price of $104.19 on Jul 10. The insider now owns 122,889 shares following the transaction. On Jul 07, President and CEO Steele Gary sold 9,600 shares at $104.47 apiece. The transaction was valued at $1,002,868.
Financial Health
In the three months ended July 30, Splunk Inc.’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 78.50% percent. In the year ended July 30, EBITDA margin amounted to -4.59%, whereas operating margins totaled -0.70%. Based on annual data, SPLK earned $2.84 billion in gross profit and brought in $3.65 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 -6.60%. Return on equity (ROE) for the past 12 months was 10.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPLK’s revenue rose 12.19% to $751.51 million during the quarter, while net income inched up to $909.68 million. While analysts expected Splunk Inc. to report $0.45 quarterly earnings, the actual figure was $0.71 per share, beating the consensus estimate by 57.80%. During the quarter, the company generated -$10.23 million in EBITDA. The liabilities of Splunk Inc. were 6.12 billion at the end of its most recent quarter ended July 30, and its total debt was $4.07 billion. The value of shareholders’ equity is $167.7 million.
Technical Picture
This quick technical analysis looks at Splunk Inc.’s (SPLK) price momentum. With a historical volatility rate of 52.38%, the RSI 9-day stood at 88.52% on 31 August.
With respect to its five-day moving average, the current Splunk Inc. price is up by +5.74% percent or $6.66. At present, SPLK shares trade +19.25% above its 20-day simple moving average and +35.02% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.37% above its SMA50 and +45.81% above its SMA200.
Stochastic coefficient K was 97.95% and Stochastic coefficient D was 97.15%, while ATR was 3.19. Given the Stochastic reading of 98.13% for the 14-day period, the RSI (14) reading has been calculated as 80.21%. As of today, the MACD Oscillator reading stands at 7.32, while the 14-day reading stands at 13.17.
Analyst Ratings
CapitalOne launched its rating on Splunk Inc. (NASDAQ: SPLK) to an Overweight in a note to investors on August 09, 2023. Splunk Inc. (SPLK) has been rated Overweight by analysts. According to 0 brokerage firms, SPLK is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 7 analysts rate Splunk Inc. stock as buy, with 20 recommending it as overweight.
With a median target price of $130.00, the current consensus forecast for the stock is $105.00 – $150.00. Based on these forecasts, analysts predict Splunk Inc. (SPLK) will achieve an average price target of $127.21.
