At the time of writing, Check Point Software Technologies Ltd. [CHKP] stock is trading at $158.38, up 0.18%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CHKP shares have lost -2.92% over the last week, with a monthly amount drifted -3.42%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Check Point Software Technologies Ltd. [NASDAQ: CHKP] stock has seen the most recent analyst activity on January 31, 2024, when William Blair upgraded its rating to a Outperform. Previously, Raymond James upgraded its rating to Outperform on December 18, 2023. On December 15, 2023, Susquehanna initiated with a Positive rating and assigned a price target of $190 on the stock. Piper Sandler upgraded its rating to a Neutral. Needham initiated its recommendation with a Hold. Morgan Stanley upgraded its rating to Equal-Weight for this stock on October 16, 2023, and upped its price target to $144. In a note dated May 09, 2023, Stifel initiated an Hold rating and provided a target price of $130 on this stock.
For the past year, the stock price of Check Point Software Technologies Ltd. fluctuated between $117.18 and $168.82. Currently, Wall Street analysts expect the stock to reach $140.65 within the next 12 months. Check Point Software Technologies Ltd. [NASDAQ: CHKP] shares were valued at $158.38 at the most recent close of the market. An investor can expect a potential drop of -11.19% based on the average CHKP price forecast.
Analyzing the CHKP fundamentals
According to Check Point Software Technologies Ltd. [NASDAQ:CHKP], the company’s sales were 2.41B for trailing twelve months, which represents an 3.92% jump. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.3 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 156.65 points at the first support level, and at 154.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.38, and for the 2nd resistance point, it is at 162.39.
Ratios To Look Out For
It is important to note that Check Point Software Technologies Ltd. [NASDAQ:CHKP] has a current ratio of 1.18. Further, the Quick Ratio stands at 1.18, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 7.41, the price to book ratio is 6.34 and price to earnings (TTM) ratio is 22.27.
