Is EPAM Systems Inc (EPAM) Stock a Good Buy for Short-term Investors?

EPAM Systems Inc [EPAM] stock prices are down -0.09% to $214.94 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EPAM shares have gain 3.77% over the last week, with a monthly amount glided 17.27%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

EPAM Systems Inc [NYSE: EPAM] stock has seen the most recent analyst activity on July 16, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $237 from $202. Previously, Goldman started tracking the stock with Neutral rating on June 24, 2024, and set its price target to $200. On May 24, 2024, Redburn Atlantic initiated with a Neutral rating and assigned a price target of $195 on the stock. Wolfe Research downgraded its rating to a Peer Perform. Scotiabank downgraded its rating to a Sector Perform but $245 remained the price target by the analyst firm on May 10, 2024. Morgan Stanley upgraded its rating to Equal-Weight for this stock on April 26, 2024, and downed its price target to $225. In a note dated March 19, 2024, Guggenheim initiated an Buy rating and provided a target price of $350 on this stock.

The stock price of EPAM Systems Inc [EPAM] has been fluctuating between $169.43 and $317.50 over the past year. Currently, Wall Street analysts expect the stock to reach $337.81 within the next 12 months. EPAM Systems Inc [NYSE: EPAM] shares were valued at $214.94 at the most recent close of the market. An investor can expect a potential return of 57.16% based on the average EPAM price forecast.

Analyzing the EPAM fundamentals

The EPAM Systems Inc [NYSE:EPAM] reported sales of 4.65B for trailing twelve months, representing a drop of -3.76%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.13 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.

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 210.40 points at the first support level, and at 205.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 220.32, and for the 2nd resistance point, it is at 225.69.

Ratios To Look Out For

It’s worth pointing out that EPAM Systems Inc [NYSE:EPAM]’s Current Ratio is 4.68. As well, the Quick Ratio is 4.68, while the Cash Ratio is 3.01. Considering the valuation of this stock, the price to sales ratio is 2.68, the price to book ratio is 3.58 and price to earnings (TTM) ratio is 29.42.

Transactions by insiders

Recent insider trading involved Dobkin Arkadiy, CEO, President, Chairman, that happened on Mar 15 ’24 when 9300.0 shares were sold. CEO, President, Chairman, Dobkin Arkadiy completed a deal on Mar 14 ’24 to sell 18865.0 shares. Meanwhile, SVP/Co-Head of Global Business Yezhkov Sergey sold 8000.0 shares on Mar 14 ’24.

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