Penguin Solutions Inc [PENG] stock prices are up 7.64% to $18.89 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PENG shares have gain 11.38% over the last week, with a monthly amount drifted -8.39%, 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.
The stock price of Penguin Solutions Inc [PENG] has been fluctuating between $14.87 and $29.81 over the past year. 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 $18.89 at the most recent close of the market. An investor can expect a potential return of 28.8% based on the average PENG price forecast.
Analyzing the PENG fundamentals
The Penguin Solutions Inc [NASDAQ:PENG] reported sales of 1.24B for trailing twelve months, representing a surge of 24.38%.
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 18.20 points at the first support level, and at 17.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.28, and for the 2nd resistance point, it is at 19.67.
Ratios To Look Out For
It’s worth pointing out that Penguin Solutions Inc [NASDAQ:PENG]’s Current Ratio is 2.33. In addition, the Quick Ratio stands at 1.75. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 2.52.
Transactions by insiders
Recent insider trading involved Pacheco Jack A, EVP, COO, Pres, Integrated Mem, that happened on Feb 20 ’25 when 6667.0 shares were sold. SVP and Pres, Optimized LED, Clark Joseph Gates completed a deal on Jan 23 ’25 to sell 2131.0 shares. Meanwhile, Officer JOSEPH CLARK bought 2131.0 shares on Jan 23 ’25.
