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In the latest session, Akamai Technologies Inc (NASDAQ: AKAM) closed at $89.37 down -14.40% from its previous closing price of $104.40. In other words, the price has decreased by -$14.40 from its previous closing price. On the day, 9.0 million shares were traded. AKAM stock price reached its highest trading level at $98.24 during the session, while it also had its lowest trading level at $89.27.
Ratios:
For a deeper understanding of Akamai Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.76. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.30. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 13 ’24 when Joseph Paul C sold 4,000 shares for $97.30 per share. The transaction valued at 389,200 led to the insider holds 30,703 shares of the business.
Joseph Paul C bought 4,000 shares of AKAM for $389,200 on Sep 13 ’24. On Aug 27 ’24, another insider, Wagner William Raymond, who serves as the Director of the company, sold 1,000 shares for $100.73 each. As a result, the insider received 100,730 and left with 16,719 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 13494870016 and an Enterprise Value of 16445911040. As of this moment, Akamai’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.47, and their Forward P/E ratio for the next fiscal year is 13.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.92 while its Price-to-Book (P/B) ratio in mrq is 2.81. Its current Enterprise Value per Revenue stands at 4.146 whereas that against EBITDA is 14.725.
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 -11.40%, while the 200-Day Moving Average is calculated to be -12.00%.
Shares Statistics:
For the past three months, AKAM has traded an average of 1.50M shares per day and 2560060 over the past ten days. A total of 151.23M shares are outstanding, with a floating share count of 148.68M. Insiders hold about 1.88% of the company’s shares, while institutions hold 96.02% stake in the company. Shares short for AKAM as of 1728950400 were 7988235 with a Short Ratio of 5.33, compared to 1726185600 on 8372501. Therefore, it implies a Short% of Shares Outstanding of 7988235 and a Short% of Float of 6.1100002.
