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Here’s Why Intel Corp. (NASDAQ: INTC) Is An Attractive Pick For Investors Now

Intel Corp. (NASDAQ:INTC) price closed higher on Friday, February 09, jumping 43.31% below its previous close.

A look at the daily price movement shows that the last close reads $45.09. The company’s 5Y monthly beta was ticking 1.02 while its P/E ratio in the trailing 12-month period read 112.26. Taking into account the 52-week price action we note that the stock hit a 52-week high of $51.28 and 52-week low of $24.73. The stock subtracted -8.76% on its value in the past month.

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Intel Corp., which has a market valuation of $183.11 billion, is expected to release its quarterly earnings report Apr 25, 2024 – Apr 29, 2024. The company stock has a Forward Dividend ratio of 0.52 (1.21%), while the dividend yield is 0.50 (1.15%). It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking INTC have forecast the quarterly EPS to grow by 0.14 per share this quarter, while the same analysts predict the annual EPS to hit $1.35 for the year 2024 and up to $2.24 for 2025. In this case, analysts estimate an annual EPS growth of 28.60% for the year and 65.90% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $12.77 billion, with the likely lows of $12.35 billion and highs of $13.22 billion. The average estimate suggests sales growth for the quarter will likely rise by 15.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $57.3 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 5.70% above that which the company brought in 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give INTC a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.61. The overview shows that INTC’s price is at present 20.83% off the SMA20 and 9.71% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.20, with weekly volatility standing at 1.73%. The indicator jumps to 2.70% when calculated based on the past 30 days. Intel Corp. (NASDAQ:INTC)’s beta value is holding at 1.00, while the average true range (ATR) indicator is currently reading 1.35.

Turning out attention to how the Intel Corp. stock has performed in comparison to its peers in the industry, here’s what we find: INTC’s stock is 43.31% on the day and 53.36% in the past 12 months, while NVIDIA Corp. (NVDA) traded 3.58%% in the last session and was positioned 239.21% up on its price 12 months ago. Also, Broadcom Inc. (AVGO) showed up trend of 0.68%% while its price kept floating at 116.34% over the past year. As for Intel Corp., the P/E ratio stands at 112.26 higher than that of NVIDIA Corp.’s at 95.24.

An analysis of the Intel Corp. (NASDAQ:INTC) stock in terms of its daily trading volume indicates that the 3-month average is 1.18. However, this figure increases on the past 10-day timeline to an average of 42.54 million.

Current records show that the company has 4.23B in outstanding shares. The insiders’ percentage holdings are 0.05% of outstanding shares while the percentage share held by institutions stands at 63.62%. The stats also highlight that short interest as of Jan 31, 2024, stood at 59.4 million shares, which puts the short ratio at the time at 1.24. From this we can glean that short interest is 1.40% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 71.19 million. But the -13.81% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.