Intel Corp. (NASDAQ:INTC) saw an upside of 0.32% to close Monday at $34.29 after adding $0.11 on the day. The 5-day average trading volume is 41,432,078 shares of the company’s common stock. It has gained $38.10 in the past week and touched a new high 1 time within the past 5 days. An average of 41,427,051 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 38,419,293.
INTC’s 1-month performance is 5.22% or $1.04 on its low of $33.21 reached on 08/28/23. The company’s shares have touched a 52-week low of $24.59 and high of $40.07, with the stock’s rally to the 52-week high happening on 09/12/23. YTD, INTC has achieved 29.74% or $7.86 and has reached a new high 23 times. However, the current price is down -14.42% from the 52-week high price.
Insider Transactions
INTC stock investors last saw insider trading activity on Aug 21.Holthaus Michelle Johnston (EVP & GM, CCG) most recently sold 1 shares at $32.41 per share on Aug 21. This transaction cost the insider $32. 10% Owner, INTEL CORP, sold 38,500,000 shares at a price of $40.84 on Jun 12. Then, on Feb 21, EVP & GM, CCG Holthaus Michelle Johnston sold 695 shares at a price of $26.57 per share. This transaction amounted to $18,465.
Valuation Metrics
INTC stock has a beta of 0.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.66 while the price-to-book (PB) in the most recent quarter is 1.42.
Intel Corp.’s quick ratio for the period ended June 29 was 1.15, 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 38.27%. The trailing 12-month EBITDA margin is 24.38% while for the period ending June 29, Intel Corp.’s operating margin was -3.75%. 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 $0.13, representing a 533.30% 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 Corp. (INTC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 31.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.87%.
The stock’s 5-day moving average is $34.83, reflecting a -9.74% or -$3.70 change from its current price. INTC is currently trading +3.13% above its 20-day SMA, +15.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.44% and SMA200 by+19.90%.
Stochastic %K and %D was 4.13% and 8.24% and the average true range (ATR) pointed at 1.07. The RSI (14) points at 40.01%, while the 14-day stochastic is at 8.33% with the period’s ATR at 1.08. The stock’s 9-day MACD Oscillator is pointing at -2.00 and -2.63 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Intel Corp. (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 27 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 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 $48.00, with their median price target at $36.00. Looking at these predictions, the average price target given by analysts is for Intel Corp. (INTC) stock is $36.03.
