Palo Alto Networks Inc (NASDAQ:PANW) price is hovering higher on Tuesday, May 07, jumping 0.70% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $300.57. The company’s P/E ratio in the trailing 12-month period read 47.32. Taking into account the 52-week price action we note that the stock hit a 52-week high of $380.84 and 52-week low of $186.75. The stock added 12.70% on its value in the past month.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.97B, with the likely lows of 1.95B and highs of 1.98B. Staying with the analyst view, there is a consensus estimate of 7.98B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 15.80% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give PANW a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.65. The overview shows that PANW’s price is at present 5.84% off the SMA20 and 5.72% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 62.84, with weekly volatility standing at 2.53%. The indicator jumps to 2.67% when calculated based on the past 30 days. Palo Alto Networks Inc (NASDAQ:PANW)’s beta value is holding at 1.12, while the average true range (ATR) indicator is currently reading 7.93.
An analysis of the Palo Alto Networks Inc (NASDAQ:PANW) stock in terms of its daily trading volume indicates that the 3-month average is 6.16 million.
Current records show that the company has 323.10M in outstanding shares. The insiders’ percentage holdings are 1.30% of outstanding shares while the percentage share held by institutions stands at 81.99%. But the 2.65% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
