A new trading day began on Tuesday, with Akamai Technologies Inc (NASDAQ: AKAM) stock price up 1.65% from the previous day of trading ,before settling in for the closing price of $105.82. AKAM’s price has ranged from $76.85 to $129.17 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 7.05%. Meanwhile, its annual earnings per share averaged 8.59%. With a float of $148.70 million, this company’s outstanding shares have now reached $151.23 million.
Considering the fact that the conglomerate employs 10250 people, you should pay attention to its efficiency factor.
Akamai Technologies Inc (AKAM) Breakdown of a Key Holders of the stock
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 1.87%, while institutional ownership is 96.40%. The most recent insider transaction that took place on Mar 22 ’24, was worth 1,575,233. In this transaction COO & GM Edge Technology Group of this company sold 14,349 shares at a rate of $109.78, taking the stock ownership to the 6,697 shares. Before that another transaction happened on Mar 15 ’24, when Company’s COO & GM Edge Technology Group sold 8,394 for $108.26, making the entire transaction worth $908,734. This insider now owns 21,046 shares in total.
Akamai Technologies Inc (AKAM) Recent Fiscal highlights
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $1.69 per share, which was $0.1 higher 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.63 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.60% during the next five years compared to 14.90% 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 2.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.28. Likewise, its price to free cash flow for the trailing twelve months is 26.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.52, a number that is poised to hit 1.61 in the next quarter and is forecasted to reach 7.34 in one year’s time.
Technical Analysis of Akamai Technologies Inc (AKAM)
Compared to the last year’s volume of 1.7 million, its volume of 1.1 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 19.39%. Additionally, its Average True Range was 1.70.
During the past 100 days, Akamai Technologies Inc’s (AKAM) raw stochastic average was set at 8.28%, which indicates a significant decrease from 42.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.72% in the past 14 days, which was lower than the 20.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $112.85, while its 200-day Moving Average is $107.98. Nevertheless, the first resistance level for the watch stands at $108.20 in the near term. At $108.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $110.06. If the price goes on to break the first support level at $106.34, it is likely to go to the next support level at $105.11. Now, if the price goes above the second support level, the third support stands at $104.48.
Akamai Technologies Inc (NASDAQ: AKAM) Key Stats
With a market capitalization of 16.30 billion, the company has a total of 151,530K Shares Outstanding. Currently, annual sales are 3,812 M while annual income is 547,630 K. The company’s previous quarter sales were 995,020 K while its latest quarter income was 161,170 K.
