Amdocs Ltd (DOX) average volume reaches $731.99K: Is Wall Street expecting a rally?

Amdocs Ltd (NASDAQ: DOX) on Tuesday, soared 0.08% from the previous trading day, before settling in for the closing price of $84.15. Within the past 52 weeks, DOX’s price has moved between $74.41 and $94.04.

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Technology Sector giant saw their annual sales surged by 4.23% over the last five years. The company achieved an average annual earnings per share of 8.99%. With a float of $115.90 million, this company’s outstanding shares have now reached $117.35 million.

The firm has a total of 30695 workers. Let’s measure their productivity. In terms of profitability, gross margin is 34.89%, operating margin of 14.07%, and the pretax margin is 12.47%.

Amdocs Ltd (DOX) Insider Activity

Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Amdocs Ltd is 0.02%, while institutional ownership is 94.69%.

Amdocs Ltd (DOX) Earnings and Forecasts

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.42 earnings per share (EPS) for the period topping the consensus outlook (set at 1.42) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.7 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 8.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.20% during the next five years compared to 12.71% growth over the previous five years of trading.

Amdocs Ltd (NASDAQ: DOX) Trading Performance Indicators

Amdocs Ltd (DOX) is currently performing well based on its current performance indicators. A quick ratio of 1.24 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.96. Likewise, its price to free cash flow for the trailing twelve months is 14.51.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.34, a number that is poised to hit 1.70 in the next quarter and is forecasted to reach 7.04 in one year’s time.

Technical Analysis of Amdocs Ltd (DOX)

Analysing the last 5-days average volume posted by the [Amdocs Ltd, DOX], we can find that recorded value of 0.41 million was lower than the volume posted last year of 0.71 million. As of the previous 9 days, the stock’s Stochastic %D was 71.20%. Additionally, its Average True Range was 1.42.

During the past 100 days, Amdocs Ltd’s (DOX) raw stochastic average was set at 59.93%, which indicates a significant increase from 39.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.35% in the past 14 days, which was higher than the 19.04% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $81.16, while its 200-day Moving Average is $85.43. Now, the first resistance to watch is $84.46. This is followed by the second major resistance level at $84.71. The third major resistance level sits at $84.95. If the price goes on to break the first support level at $83.98, it is likely to go to the next support level at $83.74. Should the price break the second support level, the third support level stands at $83.49.

Amdocs Ltd (NASDAQ: DOX) Key Stats

Market capitalization of the company is 9.76 billion based on 117,536K outstanding shares. Right now, sales total 4,888 M and income totals 540,710 K. The company made 1,250 M in profit during its latest quarter, and 140,290 K in sales during its previous quarter.