Akamai Technologies Inc [AKAM] stock is trading at $93.10, down -1.63%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AKAM shares have gain 6.57% over the last week, with a monthly amount drifted -9.48%, and not 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 November 11, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $121 for it. Previously, Craig Hallum upgraded its rating to Buy on August 09, 2024, and elevated its price target to $125. On July 29, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $128 on the stock. HSBC Securities upgraded its rating to a Hold but stick to its price target of $96 on July 24, 2024. Scotiabank initiated its recommendation with a Sector Outperform and recommended $110 as its price target on July 08, 2024. Robert W. Baird upgraded its rating to Outperform for this stock on March 07, 2024, and upped its price target to $135. In a note dated February 15, 2024, HSBC Securities downgraded an Reduce rating on this stock and revised its target price from $109 to $96.
Akamai Technologies Inc [AKAM] stock has fluctuated between $84.70 and $129.17 over the past year. Currently, Wall Street analysts expect the stock to reach $120.07 within the next 12 months. Akamai Technologies Inc [NASDAQ: AKAM] shares were valued at $93.10 at the most recent close of the market. An investor can expect a potential return of 28.97% based on the average AKAM price forecast.
Analyzing the AKAM fundamentals
Akamai Technologies Inc [NASDAQ:AKAM] reported sales of 3.97B for the trailing twelve months, which represents a growth of 4.06%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.
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 92.32 points at the first support level, and at 91.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.39, and for the 2nd resistance point, it is at 95.68.
Ratios To Look Out For
For context, Akamai Technologies Inc’s Current Ratio is 1.30. As well, the Quick Ratio is 1.30, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 3.53, the price to book ratio is 2.93 and price to earnings (TTM) ratio is 27.58.
Transactions by insiders
Recent insider trading involved Blumofe Robert, Chief Technology Officer, that happened on Nov 15 ’24 when 2500.0 shares were sold. EVP – Global Sales, Joseph Paul C completed a deal on Nov 15 ’24 to sell 4000.0 shares. Meanwhile, Officer Joseph Paul C bought 4000.0 shares on Nov 15 ’24.
