A share price of Akamai Technologies Inc [AKAM] is currently trading at $90.82, up 1.44%. An important factor to consider is whether the stock is rising or falling in short-term value. The AKAM shares have gain 2.91% over the last week, with a monthly amount drifted -1.54%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Akamai Technologies Inc [NASDAQ: AKAM] stock has seen the most recent analyst activity on March 07, 2024, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $135 from $128. Previously, HSBC Securities downgraded its rating to Reduce on February 15, 2024, and dropped its price target to $96. On December 15, 2023, Susquehanna initiated with a Positive rating and assigned a price target of $150 on the stock. Guggenheim upgraded its rating to a Neutral. HSBC Securities initiated its recommendation with a Hold and recommended $106 as its price target on September 29, 2023. BofA Securities started tracking with a Buy rating for this stock on September 07, 2023, and assigned it a price target of $145.
Akamai Technologies Inc experienced fluctuations in its stock price throughout the past year between $87.59 and $129.17. Currently, Wall Street analysts expect the stock to reach $118.09 within the next 12 months. Akamai Technologies Inc [NASDAQ: AKAM] shares were valued at $90.82 at the most recent close of the market. An investor can expect a potential return of 30.03% based on the average AKAM price forecast.
Analyzing the AKAM fundamentals
Trailing Twelve Months sales for Akamai Technologies Inc [NASDAQ:AKAM] were 3.88B which represents 7.78% growth. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
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 89.94 points at the first support level, and at 89.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.32, and for the 2nd resistance point, it is at 91.82.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Akamai Technologies Inc [NASDAQ:AKAM] is 3.19. On the other hand, the Quick Ratio is 3.19, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 3.56, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 22.62.
Transactions by insiders
Recent insider trading involved Blumofe Robert, Chief Technology Officer, that happened on Jun 14 ’24 when 3000.0 shares were sold. Chief Technology Officer, Blumofe Robert completed a deal on Jun 14 ’24 to sell 219.0 shares. Meanwhile, Director Wagner William Raymond sold 1000.0 shares on May 28 ’24.
