A new trading day began on August 04, 2022, with Akamai Technologies Inc. (NASDAQ: AKAM) stock priced at $96.20, up 0.22% from the previous day of trading. During the day, the shares moved up to $96.85 and dropped to $95.61 before settling in for the closing price of $96.00. AKAM’s price has ranged from $85.90 to $123.25 over the past 52 weeks.
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Annual sales at Technology sector company grew by 8.10% over the past five years. Meanwhile, its annual earnings per share averaged 16.60%. With a float of $157.60 million, this company’s outstanding shares have now reached $160.49 million.
Let’s look at the performance matrix of the company that is accounted for 8700 employees. In terms of profitability, gross margin is +59.58, operating margin of +23.32, and the pretax margin is +21.04.
Akamai Technologies Inc. (AKAM) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Akamai Technologies Inc. is 0.40%, while institutional ownership is 97.50%. The most recent insider transaction that took place on May 13, was worth 488,400. In this transaction Chief Technology Officer of this company sold 5,000 shares at a rate of $97.68, taking the stock ownership to the 19,725 shares. Before that another transaction happened on May 10, when Company’s EVP – Global Sales sold 12,500 for $95.22, making the entire transaction worth $1,190,250. This insider now owns 32,573 shares in total.
Akamai Technologies Inc. (AKAM) Performance Highlights and Predictions
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $1.39 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +18.83 while generating a return on equity of 14.84. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.66% during the next five years compared to 16.60% growth over the previous five years of trading.
Akamai Technologies Inc. (NASDAQ: AKAM) Trading Performance Indicators
Here are Akamai Technologies Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.26. Likewise, its price to free cash flow for the trailing twelve months is 13.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.72, a number that is poised to hit 1.31 in the next quarter and is forecasted to reach 6.04 in one year’s time.
Technical Analysis of Akamai Technologies Inc. (AKAM)
Akamai Technologies Inc. (NASDAQ: AKAM) saw its 5-day average volume 1.08 million, a negative change from its year-to-date volume of 1.69 million. As of the previous 9 days, the stock’s Stochastic %D was 79.35%. Additionally, its Average True Range was 2.00.
During the past 100 days, Akamai Technologies Inc.’s (AKAM) raw stochastic average was set at 27.60%, which indicates a significant decrease from 86.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.61% in the past 14 days, which was lower than the 32.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.16, while its 200-day Moving Average is $107.11. Nevertheless, the first resistance level for the watch stands at $96.84 in the near term. At $97.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $98.08. If the price goes on to break the first support level at $95.60, it is likely to go to the next support level at $94.98. Assuming the price breaks the second support level, the third support level stands at $94.36.
Akamai Technologies Inc. (NASDAQ: AKAM) Key Stats
With a market capitalization of 15.01 billion, the company has a total of 160,305K Shares Outstanding. Currently, annual sales are 3,461 M while annual income is 651,640 K. The company’s previous quarter sales were 903,650 K while its latest quarter income was 119,160 K.
