At the time of writing, Akamai Technologies Inc [AKAM] stock is trading at $101.51, up 10.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The AKAM shares have gain 7.35% over the last week, with a monthly amount glided 7.87%, and 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 August 09, 2024, when Craig Hallum upgraded its rating to a Buy and also boosted its price target to $125 from $110. Previously, Guggenheim upgraded its rating to Buy on July 29, 2024, and kept the price target unchanged to $128. On July 24, 2024, upgrade upgraded it’s rating to Hold but maintained its price target of $96 on the stock. Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $110 on July 08, 2024. Robert W. Baird upgraded its rating to a Outperform and raised its price target to $135 on March 07, 2024. HSBC Securities downgraded its rating to Reduce for this stock on February 15, 2024, and downed its price target to $96. In a note dated December 15, 2023, Susquehanna initiated an Positive rating and provided a target price of $150 on this stock.
For the past year, the stock price of Akamai Technologies Inc fluctuated between $87.59 and $129.17. Currently, Wall Street analysts expect the stock to reach $119.71 within the next 12 months. Akamai Technologies Inc [NASDAQ: AKAM] shares were valued at $101.51 at the most recent close of the market. An investor can expect a potential return of 17.93% based on the average AKAM price forecast.
Analyzing the AKAM fundamentals
According to Akamai Technologies Inc [NASDAQ:AKAM], the company’s sales were 3.93B for trailing twelve months, which represents an 4.69% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.
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 98.63 points at the first support level, and at 95.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.54, and for the 2nd resistance point, it is at 105.57.
Ratios To Look Out For
It is important to note that Akamai Technologies Inc [NASDAQ:AKAM] has a current ratio of 1.29. On the other hand, the Quick Ratio is 1.29, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 3.94, the price to book ratio is 3.24 and price to earnings (TTM) ratio is 25.17.
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.
