Check Point Software Technologies Ltd [CHKP] stock prices are up 2.70% to $187.09 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHKP shares have gain 2.13% over the last week, with a monthly amount glided 9.73%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Check Point Software Technologies Ltd [NASDAQ: CHKP] stock has seen the most recent analyst activity on October 30, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $195 from $205. Previously, BMO Capital Markets reaffirmed its Market Perform rating on October 25, 2024, and elevated its price target to $238. On January 31, 2024, upgrade upgraded it’s rating to Outperform. Raymond James upgraded its rating to a Outperform. Susquehanna initiated its recommendation with a Positive and recommended $190 as its price target on December 15, 2023. Piper Sandler upgraded its rating to Neutral for this stock on October 30, 2023. In a note dated October 25, 2023, Needham initiated an Hold rating.
The stock price of Check Point Software Technologies Ltd [CHKP] has been fluctuating between $143.28 and $210.70 over the past year. Currently, Wall Street analysts expect the stock to reach $161.68 within the next 12 months. Check Point Software Technologies Ltd [NASDAQ: CHKP] shares were valued at $187.09 at the most recent close of the market. An investor can expect a potential drop of -13.58% based on the average CHKP price forecast.
Analyzing the CHKP fundamentals
The Check Point Software Technologies Ltd [NASDAQ:CHKP] reported sales of 2.52B for trailing twelve months, representing a surge of 6.51%. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.3 and Total Capital is 0.23.
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 183.60 points at the first support level, and at 180.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 189.27, and for the 2nd resistance point, it is at 191.45.
Ratios To Look Out For
It’s worth pointing out that Check Point Software Technologies Ltd [NASDAQ:CHKP]’s Current Ratio is 1.14. Also, the Quick Ratio is 1.14, while the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 8.15, the price to book ratio is 7.27 and price to earnings (TTM) ratio is 25.60.
Transactions by insiders
Recent insider trading involved GUY GECHT, Director, that happened on Nov 25 ’24 when 16666.0 shares were purchased. Officer, Greenberg Itay completed a deal on Nov 07 ’24 to buy 8668.0 shares. Meanwhile, Officer Schusheim Sharon bought 24438.0 shares on Sep 09 ’24.
