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Akamai Technologies Inc (NASDAQ: AKAM) closed the day trading at $101.60 up 1.52% from the previous closing price of $100.08. In other words, the price has increased by $1.52 from its previous closing price. On the day, 0.76 million shares were traded. AKAM stock price reached its highest trading level at $102.4 during the session, while it also had its lowest trading level at $100.45.
Ratios:
For a better understanding of AKAM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.85. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.68.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Craig Hallum on August 09, 2024, Upgraded its rating to Buy and sets its target price to $125 from $110 previously.
On July 29, 2024, Guggenheim Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $128.
HSBC Securities Upgraded its Reduce to Hold on July 24, 2024, while the target price for the stock was maintained at $96.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 27 ’24 when Wagner William Raymond sold 1,000 shares for $100.73 per share. The transaction valued at 100,730 led to the insider holds 16,719 shares of the business.
Wagner William Raymond bought 1,000 shares of AKAM for $100,730 on Aug 27 ’24. On Aug 16 ’24, another insider, Blumofe Robert, who serves as the Chief Technology Officer of the company, sold 2,500 shares for $100.69 each. As a result, the insider received 251,725 and left with 22,010 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AKAM now has a Market Capitalization of 15395041280 and an Enterprise Value of 18373244928. As of this moment, Akamai’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.19, and their Forward P/E ratio for the next fiscal year is 14.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.92 while its Price-to-Book (P/B) ratio in mrq is 3.25. Its current Enterprise Value per Revenue stands at 4.679 whereas that against EBITDA is 16.372.
Stock Price History:
Over the past 52 weeks, AKAM has reached a high of $129.17, while it has fallen to a 52-week low of $87.59. The 50-Day Moving Average of the stock is 6.49%, while the 200-Day Moving Average is calculated to be -3.75%.
Shares Statistics:
Over the past 3-months, AKAM traded about 1.58M shares per day on average, while over the past 10 days, AKAM traded about 1022120 shares per day. A total of 151.23M shares are outstanding, with a floating share count of 148.69M. Insiders hold about 1.87% of the company’s shares, while institutions hold 96.36% stake in the company. Shares short for AKAM as of 1723680000 were 7914152 with a Short Ratio of 5.00, compared to 1721001600 on 7238130. Therefore, it implies a Short% of Shares Outstanding of 7914152 and a Short% of Float of 6.0500003.
