That’s why I Feel Comfortable With Intel Corp.’s (INTC) Future

A share price of Intel Corp. [INTC] is currently trading at $22.34, up 1.64%. 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 INTC shares have lost -0.45% over the last week, with a monthly amount drifted -5.10%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Intel Corp. [NASDAQ: INTC] stock has seen the most recent analyst activity on August 08, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $22 from $36. Previously, Argus downgraded its rating to Hold on August 06, 2024. On August 02, 2024, TD Cowen reiterated its Hold rating and revised its price target to $25 on the stock. The Benchmark Company downgraded its rating to a Hold. Raymond James downgraded its rating to a Mkt Perform. New Street downgraded its rating to Neutral for this stock on August 02, 2024. In a note dated August 02, 2024, HSBC Securities downgraded an Reduce rating on this stock.

Intel Corp. experienced fluctuations in its stock price throughout the past year between $18.51 and $51.28. Currently, Wall Street analysts expect the stock to reach $36.21 within the next 12 months. Intel Corp. [NASDAQ: INTC] shares were valued at $22.34 at the most recent close of the market. An investor can expect a potential return of 62.09% based on the average INTC price forecast.

Analyzing the INTC fundamentals

Trailing Twelve Months sales for Intel Corp. [NASDAQ:INTC] were 55.12B which represents -0.90% decline. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.

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 22.08 points at the first support level, and at 21.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.48, and for the 2nd resistance point, it is at 22.62.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Intel Corp. [NASDAQ:INTC] is 1.59. Further, the Quick Ratio stands at 1.24, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 0.83 and price to earnings (TTM) ratio is 97.30.

Transactions by insiders

Recent insider trading involved GELSINGER PATRICK P, CEO, that happened on Aug 05 ’24 when 12500.0 shares were purchased. CEO, GELSINGER PATRICK P completed a deal on May 01 ’24 to buy 4100.0 shares. Meanwhile, CEO GELSINGER PATRICK P bought 4000.0 shares on Apr 29 ’24.

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