A share price of Penguin Solutions Inc [PENG] is currently trading at $16.69, up 4.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PENG shares have gain 8.59% over the last week, with a monthly amount drifted -18.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Penguin Solutions Inc [NASDAQ: PENG] stock has seen the most recent analyst activity on November 01, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $21. Previously, Needham reaffirmed its Buy rating on October 16, 2024, and dropped its price target to $25. Needham reiterated its Buy rating and decreased its price target to $40 on June 30, 2022. Rosenblatt reiterated its recommendation of a Buy and raised its price target to $100 on December 27, 2021. Needham reiterated a Buy rating for this stock on July 07, 2021, and upped its price target to $75.
Penguin Solutions Inc experienced fluctuations in its stock price throughout the past year between $13.44 and $29.81. Currently, Wall Street analysts expect the stock to reach $25.25 within the next 12 months. Penguin Solutions Inc [NASDAQ: PENG] shares were valued at $16.69 at the most recent close of the market. An investor can expect a potential return of 51.29% based on the average PENG price forecast.
Analyzing the PENG fundamentals
Trailing Twelve Months sales for Penguin Solutions Inc [NASDAQ:PENG] were 1.17B which represents -1.74% decline.
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 16.17 points at the first support level, and at 15.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.05, and for the 2nd resistance point, it is at 17.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Penguin Solutions Inc [NASDAQ:PENG] is 2.65. As well, the Quick Ratio is 2.19. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 2.27.
Transactions by insiders
Recent insider trading involved Pacheco Jack A, EVP, COO, Pres, Mem Solutions, that happened on Sep 20 ’24 when 13334.0 shares were sold. EVP, COO, Pres, Mem Solutions, Pacheco Jack A completed a deal on Aug 20 ’24 to sell 13333.0 shares. Meanwhile, EVP, COO, Pres, Mem Solutions Pacheco Jack A sold 13333.0 shares on Jul 26 ’24.
