Cisco Systems, Inc. (NASDAQ:CSCO) price closed lower on Friday, April 12, dropping -2.10% below its previous close.
A look at the daily price movement shows that the last close reads $49.53. The company’s P/E ratio in the trailing 12-month period read 14.76. Taking into account the 52-week price action we note that the stock hit a 52-week high of $58.19 and 52-week low of $45.56. The stock subtracted -3.23% on its value in the past month.
Cisco Systems, Inc., which has a market valuation of $196.35 billion. The company stock has a Forward Dividend ratio of 1.57, while the dividend yield is 3.24%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
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 no upward and no downward reviews. On the technical perspective front, indicators give CSCO a short term outlook of 75% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.52. The overview shows that CSCO’s price is at present -1.75% off the SMA20 and -1.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 44.17, with weekly volatility standing at 1.86%. The indicator jumps to 1.47% when calculated based on the past 30 days. Cisco Systems, Inc. (NASDAQ:CSCO)’s beta value is holding at 0.85, while the average true range (ATR) indicator is currently reading 0.81. An analysis of the Cisco Systems, Inc. (NASDAQ:CSCO) stock in terms of its daily trading volume indicates that the 3-month average is 20.01 million.
Current records show that the company has 4.07B in outstanding shares. The insiders’ percentage holdings are 0.23% of outstanding shares while the percentage share held by institutions stands at 75.55%. But the -4.02% 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.
