At the time of writing, Penguin Solutions Inc [PENG] stock is trading at $20.80, down -1.98%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PENG shares have gain 3.43% over the last week, with a monthly amount glided 0.73%, and 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.
For the past year, the stock price of Penguin Solutions Inc fluctuated 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 $20.80 at the most recent close of the market. An investor can expect a potential return of 16.97% based on the average PENG price forecast.
Analyzing the PENG fundamentals
According to Penguin Solutions Inc [NASDAQ:PENG], the company’s sales were 1.24B for trailing twelve months, which represents an 24.38% jump.
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 20.56 points at the first support level, and at 20.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.27, and for the 2nd resistance point, it is at 21.73.
Ratios To Look Out For
It is important to note that Penguin Solutions Inc [NASDAQ:PENG] has a current ratio of 2.33. Further, the Quick Ratio stands at 1.75. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 2.78.
Transactions by insiders
Recent insider trading involved Clark Joseph Gates, SVP and Pres, Optimized LED, that happened on Jan 23 ’25 when 2131.0 shares were sold. Officer, JOSEPH CLARK completed a deal on Jan 23 ’25 to buy 2131.0 shares. Meanwhile, EVP, COO, Pres, Integrated Mem Pacheco Jack A sold 6667.0 shares on Jan 21 ’25.
