Akamai Technologies Inc (NASDAQ:AKAM) shares, rose in value, with the stock price down by -0.11% to the previous day’s close as strong demand from buyers drove the stock to $101.68.
Actively observing the price movement in the last trading, the stock closed the session at $101.79. The PE ratio was 28.86 over 12-month period. Referring to stock’s 52-week performance, its high was $129.17, and the low was $76.85. On the whole, AKAM has fluctuated by -7.25% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.08B, with a low estimate of 981.8M and a high estimate of 996.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 989.26M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AKAM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.37, with the price of AKAM currently trading nearly -2.41% and -5.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.71, while the 7-day volatility ratio is showing 1.21% which for the 30-day chart, stands at 1.54%. Furthermore, Akamai Technologies Inc (AKAM)’s beta value is 0.71, and its average true range (ATR) is 1.64.
A comparison of Akamai Technologies Inc (AKAM) with its peers suggests the former has fared considerably weaker in the market. AKAM showed an intraday change of -0.11% in last session, and over the past year, it grew by 29.20%%.
Data on historical trading for Akamai Technologies Inc (NASDAQ:AKAM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.71 million. According to company’s latest data on outstanding shares, there are 151.23 million shares outstanding.
Nearly 1.86% of Akamai Technologies Inc’s shares belong to company insiders and institutional investors own 96.32% of the company’s shares. The stock has fallen by -14.09% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AKAM stock heading into the next quarter.
