A share price of Akamai Technologies Inc [AKAM] is currently trading at $96.91, up 0.32%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AKAM shares have lost -0.46% over the last week, with a monthly amount glided 4.32%, and 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 16, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $110. Previously, Oppenheimer upgraded its rating to Outperform on December 02, 2024, and kept the price target unchanged to $120. On November 11, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $121 on the stock. Craig Hallum upgraded its rating to a Buy and increased its price target to $125 on August 09, 2024. Guggenheim upgraded its rating to a Buy but $128 remained the price target by the analyst firm on July 29, 2024. HSBC Securities upgraded its rating to Hold for this stock on July 24, 2024, but kept the price target unchanged to $96. In a note dated July 08, 2024, Scotiabank initiated an Sector Outperform rating and provided a target price of $110 on this stock.
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 $116.57 within the next 12 months. Akamai Technologies Inc [NASDAQ: AKAM] shares were valued at $96.91 at the most recent close of the market. An investor can expect a potential return of 20.29% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.
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 96.25 points at the first support level, and at 95.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.37, and for the 2nd resistance point, it is at 97.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Akamai Technologies Inc [NASDAQ:AKAM] 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 3.68, the price to book ratio is 3.04 and price to earnings (TTM) ratio is 28.71.
Transactions by insiders
Recent insider trading involved McGowan Edward J, Chief Financial Officer, that happened on Dec 16 ’24 when 10782.0 shares were sold. Officer, McGowan Edward J completed a deal on Dec 16 ’24 to buy 10782.0 shares. Meanwhile, EVP & General Counsel Ahola Aaron sold 3500.0 shares on Dec 13 ’24.
