At the time of writing, Penguin Solutions Inc [PENG] stock is trading at $17.99, down -0.83%. 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 6.14% over the last week, with a monthly amount glided 13.00%, and 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 18, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $23. Previously, Goldman started tracking the stock with Buy rating on November 01, 2024, and set its price target to $21. On October 16, 2024, Needham reiterated its Buy rating and revised its price target to $25 on the stock. Needham reiterated its recommendation of a Buy and reduced its price target to $40 on June 30, 2022. Rosenblatt reiterated a Buy rating for this stock on December 27, 2021, and upped its price target to $100. In a note dated July 07, 2021, Needham reiterated an Buy rating on this stock and boosted its target price from $65 to $75.
For the past year, the stock price of Penguin Solutions Inc fluctuated between $14.87 and $29.81. Currently, Wall Street analysts expect the stock to reach $24.17 within the next 12 months. Penguin Solutions Inc [NASDAQ: PENG] shares were valued at $17.99 at the most recent close of the market. An investor can expect a potential return of 34.35% based on the average PENG price forecast.
Analyzing the PENG fundamentals
According to Penguin Solutions Inc [NASDAQ:PENG], the company’s sales were 1.17B for trailing twelve months, which represents an -1.74% plunge.
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 17.66 points at the first support level, and at 17.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.32, and for the 2nd resistance point, it is at 18.66.
Ratios To Look Out For
It is important to note that Penguin Solutions Inc [NASDAQ:PENG] has a current ratio of 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 2.45.
Transactions by insiders
Recent insider trading involved Clark Joseph Gates, President, Optimized LED, that happened on Nov 14 ’24 when 2264.0 shares were sold. Officer, JOSEPH CLARK completed a deal on Nov 14 ’24 to buy 2264.0 shares. Meanwhile, EVP, COO, Pres, Mem Solutions Pacheco Jack A sold 13334.0 shares on Sep 20 ’24.
