At the last check on Thursday, Splunk Inc.’s (NASDAQ:SPLK) stock was up $25.36, moving up 21.20 percent to $144.95. The average number of shares traded per day over the past five days has been 3,868,003 shares. 2 times new highs have been achieved over the past 5 days, with a $22.62 gain in that time frame. In the last twenty days, the average volume was 2,819,441, while in the previous 50 days, it was 1,905,114.
Since last month, SPLK stock rose 47.67%. Shares of the company fell to $98.10 on 08/22/23, the lowest level in the past month. A 52-week high of $125.91 was reached on 09/21/23 after having rallying from a 52-week low of $65.00. Since the beginning of this year, SPLK’s stock price has risen by 68.37% or $58.68, and marked a new high 24 times. However, the stock has increased by 15.12% since its 52-week high.
SPLK stock investors should be aware that Splunk Inc. (SPLK) stock had its last reported insider trading activity 3 days ago on Sep 18. Steele Gary, the President and CEO of the company, disposed of 9,600 shares for $120.08 on Sep 18. It resulted in a $1,152,768 divestment by the insider. Steele Elisa sold 2,812 shares at an average price of $120.00 on Aug 30. The insider now owns 11,108 shares following the transaction. On Aug 24, Director Steele Elisa sold 3,050 shares at $112.00 apiece. The transaction was valued at $341,600.
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 97.36%, the RSI 9-day stood at 88.17% on 20 September.
With respect to its five-day moving average, the current Splunk Inc. price is up by +18.52% percent or $22.62. At present, SPLK shares trade +44.87% above its 20-day simple moving average and +67.87% percent above its 100-day simple moving average. However, the stock is currently trading approximately +39.69% above its SMA50 and +63.32% above its SMA200.
Stochastic coefficient K was 45.43% and Stochastic coefficient D was 32.66%, while ATR was 5.10. Given the Stochastic reading of 96.29% for the 14-day period, the RSI (14) reading has been calculated as 84.59%. As of today, the MACD Oscillator reading stands at 3.87, while the 14-day reading stands at 3.82.
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 19 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 $127.80.
