At the time of writing, Shutterstock Inc [SSTK] stock is trading at $32.87, up 11.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SSTK shares have gain 10.34% over the last week, with a monthly amount drifted -7.07%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On November 28, 2022, downgrade downgraded it’s rating to Mkt Perform. Redburn started tracking the stock assigning a Buy rating. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $54 as its price target on July 28, 2022. Needham started tracking with a Buy rating for this stock on April 27, 2021, and assigned it a price target of $105.
For the past year, the stock price of Shutterstock Inc fluctuated between $28.95 and $54.40. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Shutterstock Inc [NYSE: SSTK] shares were valued at $32.87 at the most recent close of the market. An investor can expect a potential return of 112.96% based on the average SSTK price forecast.
Analyzing the SSTK fundamentals
According to Shutterstock Inc [NYSE:SSTK], the company’s sales were 884.84M for trailing twelve months, which represents an 5.37% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.
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 31.32 points at the first support level, and at 29.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.18, and for the 2nd resistance point, it is at 35.49.
Ratios To Look Out For
It is important to note that Shutterstock Inc [NYSE:SSTK] has a current ratio of 0.56. As well, the Quick Ratio is 0.56, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 25.15.
Transactions by insiders
Recent insider trading involved Bigley Deirdre Mary, Director, that happened on Aug 19 ’24 when 5304.0 shares were purchased. CHIEF EXECUTIVE OFFICER, Hennessy Paul J. completed a deal on May 23 ’24 to buy 12500.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Yahes Jarrod bought 5350.0 shares on May 24 ’24.
