Akamai Technologies Inc. (AKAM) volume exceeds 1.15 million: A new investment opportunity for investors

On January 24, 2023, Akamai Technologies Inc. (NASDAQ: AKAM) opened at $87.51, lower -1.61% from the last session. During the day, the shares moved up to $88.55 and dropped to $87.11 before settling in for the closing price of $89.19. Price fluctuations for AKAM have ranged from $76.28 to $123.25 over the past 52 weeks.


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Technology Sector giant saw their annual sales surged by 8.10% over the last five years. Company’s average yearly earnings per share was noted 16.60% at the time writing. With a float of $154.56 million, this company’s outstanding shares have now reached $158.72 million.

The firm has a total of 8700 workers. Let’s measure their productivity.

Akamai Technologies Inc. (AKAM) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Akamai Technologies Inc. is 0.10%, while institutional ownership is 95.40%. The most recent insider transaction that took place on Jan 24, was worth 25,054. In this transaction Chief Executive Officer of this company bought 286 shares at a rate of $87.60, taking the stock ownership to the 8,403 shares. Before that another transaction happened on Jan 23, when Company’s Chief Executive Officer bought 285 for $87.99, making the entire transaction worth $25,077. This insider now owns 8,117 shares in total.

Akamai Technologies Inc. (AKAM) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 9/29/2022, the company posted $1.26 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.22) by $0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.33 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 12.00% 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

Check out the current performance indicators for Akamai Technologies Inc. (AKAM). In the past quarter, the stock posted a quick ratio of 2.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.77. Likewise, its price to free cash flow for the trailing twelve months is 12.55.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.12, a number that is poised to hit 1.27 in the next quarter and is forecasted to reach 5.59 in one year’s time.

Technical Analysis of Akamai Technologies Inc. (AKAM)

Analysing the last 5-days average volume posted by the [Akamai Technologies Inc., AKAM], we can find that recorded value of 1.3 million was better than the volume posted last year of 1.21 million. As of the previous 9 days, the stock’s Stochastic %D was 58.77%. Additionally, its Average True Range was 1.66.

During the past 100 days, Akamai Technologies Inc.’s (AKAM) raw stochastic average was set at 57.75%, which indicates a significant decrease from 63.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.58% in the past 14 days, which was lower than the 28.91% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $88.61, while its 200-day Moving Average is $93.00. Now, the first resistance to watch is $88.50. This is followed by the second major resistance level at $89.24. The third major resistance level sits at $89.94. If the price goes on to break the first support level at $87.06, it is likely to go to the next support level at $86.36. Now, if the price goes above the second support level, the third support stands at $85.62.

Akamai Technologies Inc. (NASDAQ: AKAM) Key Stats

There are currently 157,242K shares outstanding in the company with a market cap of 13.56 billion. Presently, the company’s annual sales total 3,461 M according to its annual income of 651,640 K. Last quarter, the company’s sales amounted to 881,900 K and its income totaled 108,150 K.

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