Splunk Inc (NASDAQ:SPLK) finished Wednesday with an addition of $0.92 to close at $146.57, an upside of 0.63 percent. An average of 9,934,980 shares of common stock have been traded in the last five days. There was a gain of $26.98 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 3,694,135 shares traded, while the 50-day average volume stands at 2,500,546.
SPLK stock has increased by 25.11% in the last month. The company shares reached their 1-month lowest point of $115.13 on 08/28/23. With the stock rallying to its 52-week high on 09/27/23, shares of the company touched a low of $65.00 and a high of $145.90 in 52 weeks. It has reached a new high 26 times so far this year and achieved 70.25% or $60.48 in price. In spite of this, the price is up 0.46% from the 52-week high.
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Insider Transactions
SPLK stock investors should be aware that Splunk Inc (SPLK) stock had its last reported insider trading activity 7 days ago on Sep 21. In this transaction, the insider spent $578,000. President and CEO, Steele Gary, disposed of 9,600 shares at a price of $120.08 on Sep 18. The insider now owns more than $1,152,768 worth of shares. Prior to that, Director Steele Elisa went on to Sale 2,812 shares at $120.00 each on Aug 30. An amount of $337,440 was transacted.
Valuation Metrics
Splunk Inc (SPLK) stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.40, and the price-to-cash flow ratio at 30.21.
Financial Health
The quick ratio of Splunk Inc for the three months ended July 30 was 1.34, and the current ratio was 1.34, indicating that the company is able to meet its debt obligations. Splunk Inc’s EBITDA margin for the year ending July 30 is -4.59%, while its operating margin for the same period stands at -0.68%. Its gross profit as reported stood at $2.84 billion compared to revenue of $3.65 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$63.25 million in the quarter, while revenues of -$196.42 million were shrunk -231.56%. The analyst consensus anticipated Splunk Inc’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.71, a 57.80% surprise. For the quarter, EBITDA amounted to -$10.23 million. Shareholders own equity worth $167.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Splunk Inc (SPLK) price momentum. RSI 9-day as of the close on 27 September was 88.33%, suggesting the stock is Overbought, with historical volatility in this time frame at 93.68%.
As of today, SPLK’s price is $145.30 +22.56% or $26.98 from its 5-day moving average. SPLK is currently trading +23.77% higher than its 20-day SMA and +77.60% higher than its 100-day SMA. However, the stock’s current price level is +34.12% above the SMA50 and +68.41% above the SMA200.
The stochastic %K and %D were 97.85% and 97.25%, respectively, and the average true range (ATR) was 3.62. With the 14-day stochastic at 98.06% and the average true range at 3.51, the RSI (14) stands at 84.91%. The stock has reached 11.73 on the 9-day MACD Oscillator while the 14-day reading was at 15.52.
Analyst Ratings
CapitalOne launched coverage on Splunk Inc (NASDAQ: SPLK) in its analyst report released on August 09, 2023. The firm assigned the stock an Overweight rating.
