A share price of Penguin Solutions Inc [PENG] is currently trading at $19.98, up 2.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The PENG shares have gain 5.38% over the last week, with a monthly amount glided 10.51%, 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.
Penguin Solutions Inc experienced fluctuations in its stock price throughout the past year 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 $19.98 at the most recent close of the market. An investor can expect a potential return of 20.97% based on the average PENG price forecast.
Analyzing the PENG fundamentals
Trailing Twelve Months sales for Penguin Solutions Inc [NASDAQ:PENG] were 1.17B which represents -1.74% decline.
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 19.40 points at the first support level, and at 18.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.32, and for the 2nd resistance point, it is at 20.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Penguin Solutions Inc [NASDAQ:PENG] is 2.65. On the other hand, the Quick Ratio is 2.19. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 2.72.
Transactions by insiders
Recent insider trading involved Pacheco Jack A, EVP, COO, Pres, Integrated Mem, that happened on Dec 09 ’24 when 13334.0 shares were sold. Officer, JACK A PACHECO completed a deal on Dec 09 ’24 to buy 33334.0 shares. Meanwhile, President, Optimized LED Clark Joseph Gates sold 2264.0 shares on Nov 14 ’24.
