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In the latest session, Akamai Technologies Inc (NASDAQ: AKAM) closed at $97.19 down -0.30% from its previous closing price of $97.48. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 1.06 million shares were traded. AKAM stock price reached its highest trading level at $97.62 during the session, while it also had its lowest trading level at $96.1.
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 8.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.85. For the most recent quarter (mrq), Quick Ratio is recorded 3.19 and its Current Ratio is at 3.19. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.94.
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 this company, Scotiabank on July 08, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $110.
On March 07, 2024, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $128 to $135.
HSBC Securities Downgraded its Hold to Reduce on February 15, 2024, whereas the target price for the stock was revised from $109 to $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 Jun 14 ’24 when Blumofe Robert sold 3,000 shares for $88.34 per share. The transaction valued at 265,020 led to the insider holds 24,729 shares of the business.
Blumofe Robert sold 219 shares of AKAM for $19,346 on Jun 14 ’24. The Chief Technology Officer now owns 24,510 shares after completing the transaction at $88.34 per share. On May 28 ’24, another insider, Wagner William Raymond, who serves as the Director of the company, sold 1,000 shares for $93.54 each. As a result, the insider received 93,540 and left with 14,519 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 14846259200 and an Enterprise Value of 17701914624. As of this moment, Akamai’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.20, and their Forward P/E ratio for the next fiscal year is 14.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.81 while its Price-to-Book (P/B) ratio in mrq is 3.20. Its current Enterprise Value per Revenue stands at 4.559 whereas that against EBITDA is 15.934.
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 4.85%, while the 200-Day Moving Average is calculated to be -9.03%.
Shares Statistics:
For the past three months, AKAM has traded an average of 1.73M shares per day and 1265800 over the past ten days. A total of 151.23M shares are outstanding, with a floating share count of 149.47M. Insiders hold about 1.87% of the company’s shares, while institutions hold 95.53% stake in the company. Shares short for AKAM as of 1719532800 were 7581088 with a Short Ratio of 4.38, compared to 1717113600 on 7364844. Therefore, it implies a Short% of Shares Outstanding of 7581088 and a Short% of Float of 5.7600003.
