On Tuesday, Akamai Technologies Inc (NASDAQ: AKAM) was 1.44% up from the session before settling in for the closing price of $89.53. A 52-week range for AKAM has been $87.59 – $129.17.
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Annual sales at Technology sector company grew by 7.05% over the past five years. When this article was written, the company’s average yearly earnings per share was at 1.76%. With a float of $149.47 million, this company’s outstanding shares have now reached $151.23 million.
Let’s look at the performance matrix of the company that is accounted for 10250 employees.
Akamai Technologies Inc (AKAM) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Akamai Technologies Inc stocks. The insider ownership of Akamai Technologies Inc is 1.87%, while institutional ownership is 95.59%. The most recent insider transaction that took place on Jun 14 ’24, was worth 265,020. In this transaction Chief Technology Officer of this company sold 3,000 shares at a rate of $88.34, taking the stock ownership to the 24,729 shares. Before that another transaction happened on Jun 14 ’24, when Company’s Chief Technology Officer sold 219 for $88.34, making the entire transaction worth $19,346. This insider now owns 24,510 shares in total.
Akamai Technologies Inc (AKAM) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 3/31/2024, it has been observed that the corporation posted 1.49 earnings per share (EPS) during the time that was better than consensus figure (set at 1.41) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.76% 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
You can see what Akamai Technologies Inc (AKAM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 3.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.56. Likewise, its price to free cash flow for the trailing twelve months is 17.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.02, a number that is poised to hit 1.53 in the next quarter and is forecasted to reach 6.75 in one year’s time.
Technical Analysis of Akamai Technologies Inc (AKAM)
Akamai Technologies Inc (NASDAQ: AKAM) saw its 5-day average volume 1.25 million, a negative change from its year-to-date volume of 1.72 million. As of the previous 9 days, the stock’s Stochastic %D was 81.92%. Additionally, its Average True Range was 1.57.
During the past 100 days, Akamai Technologies Inc’s (AKAM) raw stochastic average was set at 7.77%, which indicates a significant decrease from 96.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.53% in the past 14 days, which was lower than the 29.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.07, while its 200-day Moving Average is $107.43. Nevertheless, the first resistance level for the watch stands at $91.32 in the near term. At $91.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $92.70. If the price goes on to break the first support level at $89.94, it is likely to go to the next support level at $89.06. Assuming the price breaks the second support level, the third support level stands at $88.56.
Akamai Technologies Inc (NASDAQ: AKAM) Key Stats
There are 152,317K outstanding shares of the company, which has a market capitalization of 13.83 billion. As of now, sales total 3,812 M while income totals 547,630 K. Its latest quarter income was 986,970 K while its last quarter net income were 175,420 K.
