A share price of Akamai Technologies Inc [AKAM] is currently trading at $97.53, down -0.41%. 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 AKAM shares have gain 3.05% over the last week, with a monthly amount drifted -3.02%, 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 December 02, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $120 for it. Previously, HSBC Securities upgraded its rating to Buy on November 11, 2024, and kept the price target unchanged to $121. On August 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $125 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $128 on July 29, 2024. HSBC Securities upgraded its rating to a Hold but $96 remained the price target by the analyst firm on July 24, 2024. Scotiabank started tracking with a Sector Outperform rating for this stock on July 08, 2024, and assigned it a price target of $110. In a note dated March 07, 2024, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $128 to $135.
Akamai Technologies Inc experienced fluctuations in its stock price throughout the past year between $84.70 and $129.17. 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 $97.53 at the most recent close of the market. An investor can expect a potential return of 23.11% based on the average AKAM price forecast.
Analyzing the AKAM fundamentals
Trailing Twelve Months sales for Akamai Technologies Inc [NASDAQ:AKAM] were 3.97B which represents 4.06% growth. 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 96.82 points at the first support level, and at 96.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.21, and for the 2nd resistance point, it is at 98.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Akamai Technologies Inc [NASDAQ:AKAM] is 1.30. Further, the Quick Ratio stands at 1.30, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 3.69, the price to book ratio is 3.06 and price to earnings (TTM) ratio is 28.89.
Transactions by insiders
Recent insider trading involved Wagner William Raymond, Director, that happened on Nov 27 ’24 when 1000.0 shares were purchased. Director, Wagner William Raymond completed a deal on Nov 27 ’24 to sell 1000.0 shares. Meanwhile, Chief Technology Officer Blumofe Robert sold 2500.0 shares on Nov 15 ’24.
