SolarWinds Corp (SWI) stock forecast: Can it reach its 52-week high of $13.02

A share price of SolarWinds Corp [SWI] is currently trading at $12.69, down -1.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SWI shares have gain 14.22% over the last week, with a monthly amount glided 8.09%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, JP Morgan started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $14. On December 14, 2021, downgrade downgraded it’s rating to Neutral and revised its price target to $16 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $19 on October 29, 2021. Berenberg downgraded its rating to a Hold but $24 remained the price target by the analyst firm on August 04, 2021. Goldman started tracking with a Sell rating for this stock on May 14, 2021, and assigned it a price target of $16.

SolarWinds Corp experienced fluctuations in its stock price throughout the past year between $8.14 and $13.02. Currently, Wall Street analysts expect the stock to reach $13.38 within the next 12 months. SolarWinds Corp [NYSE: SWI] shares were valued at $12.69 at the most recent close of the market. An investor can expect a potential return of 5.44% based on the average SWI price forecast.

Analyzing the SWI fundamentals

Trailing Twelve Months sales for SolarWinds Corp [NYSE:SWI] were 774.29M which represents 4.44% growth. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.94.

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 12.52 points at the first support level, and at 12.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.92, and for the 2nd resistance point, it is at 13.15.

Ratios To Look Out For

To put it in perspective, the Current Ratio for SolarWinds Corp [NYSE:SWI] is 0.62. Also, the Quick Ratio is 0.62, while the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 2.78, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 95.70.

Transactions by insiders

Recent insider trading involved Sundaram Easwaran, Director, that happened on Aug 06 ’24 when 30000.0 shares were purchased. Director, Sundaram Easwaran completed a deal on Aug 06 ’24 to sell 30000.0 shares. Meanwhile, Director Sundaram Easwaran sold 40000.0 shares on Aug 14 ’23.

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