A share price of Penguin Solutions Inc [PENG] is currently trading at $20.65, up 7.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The PENG shares have gain 6.88% over the last week, with a monthly amount drifted -0.82%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Penguin Solutions Inc [NASDAQ: PENG] stock has seen the most recent analyst activity on January 07, 2025, when Loop Capital initiated its Buy rating and assigned the stock a price target of $30. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on November 18, 2024, and set its price target to $23. On November 01, 2024, Goldman initiated with a Buy rating and assigned a price target of $21 on the stock. Needham reiterated its Buy rating and decreased its price target to $25 on October 16, 2024. Needham reiterated a Buy rating for this stock on June 30, 2022, and downed its price target to $40. In a note dated December 27, 2021, Rosenblatt reiterated an Buy rating on this stock and boosted its target price from $75 to $100.
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 $24.33 within the next 12 months. Penguin Solutions Inc [NASDAQ: PENG] shares were valued at $20.65 at the most recent close of the market. An investor can expect a potential return of 17.82% based on the average PENG price forecast.
Analyzing the PENG fundamentals
Trailing Twelve Months sales for Penguin Solutions Inc [NASDAQ:PENG] were 1.24B which represents 24.38% growth.
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 19.61 points at the first support level, and at 18.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.59, and for the 2nd resistance point, it is at 22.54.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Penguin Solutions Inc [NASDAQ:PENG] is 2.33. On the other hand, the Quick Ratio is 1.75. Considering the valuation of this stock, the price to sales ratio is 0.89, the price to book ratio is 2.76.
Transactions by insiders
Recent insider trading involved Pacheco Jack A, EVP, COO, Pres, Integrated Mem, that happened on Dec 26 ’24 when 6666.0 shares were sold. EVP, COO, Pres, Integrated Mem, Pacheco Jack A completed a deal on Dec 09 ’24 to sell 13334.0 shares. Meanwhile, Officer JACK A PACHECO bought 33334.0 shares on Dec 09 ’24.
