At the time of writing, Akamai Technologies Inc [AKAM] stock is trading at $99.67, up 2.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The AKAM shares have gain 9.52% over the last week, with a monthly amount glided 3.18%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Akamai Technologies Inc fluctuated between $84.70 and $129.17. Currently, Wall Street analysts expect the stock to reach $117.33 within the next 12 months. Akamai Technologies Inc [NASDAQ: AKAM] shares were valued at $99.67 at the most recent close of the market. An investor can expect a potential return of 17.72% based on the average AKAM price forecast.
Analyzing the AKAM fundamentals
According to Akamai Technologies Inc [NASDAQ:AKAM], the company’s sales were 3.97B for trailing twelve months, which represents an 4.06% jump. 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 of0.97.
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 97.66 points at the first support level, and at 95.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.91, and for the 2nd resistance point, it is at 102.16.
Ratios To Look Out For
It is important to note that Akamai Technologies Inc [NASDAQ:AKAM] has a current ratio of 1.30. On the other hand, the Quick Ratio is 1.30, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 3.78, the price to book ratio is 3.13 and price to earnings (TTM) ratio is 29.53.
Transactions by insiders
Recent insider trading involved Joseph Paul C, EVP – Global Sales, that happened on Jan 15 ’25 when 4000.0 shares were sold. Officer, Joseph Paul C completed a deal on Jan 15 ’25 to buy 4000.0 shares. Meanwhile, Chief Financial Officer McGowan Edward J sold 10782.0 shares on Dec 16 ’24.
