On Friday, Penguin Solutions Inc. (NASDAQ: PENG) opened lower -2.85% from the last session, before settling in for the closing price of $16.15. Price fluctuations for PENG have ranged from $13.14 to $29.81 over the past 52 weeks.
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Annual sales at Technology sector company grew by 0.77% over the past five years. Company’s average yearly earnings per share was noted 38.80% at the time writing. With a float of $50.86 million, this company’s outstanding shares have now reached $51.90 million.
Let’s look at the performance matrix of the company that is accounted for 3000 employees.
Penguin Solutions Inc. (PENG) Insider Updates
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of Penguin Solutions Inc. is 3.88%, while institutional ownership is 105.81%. The most recent insider transaction that took place on Sep 20 ’24, was worth 266,951. In this transaction EVP, COO, Pres, Mem Solutions of this company sold 13,334 shares at a rate of $20.02, taking the stock ownership to the 211,896 shares. Before that another transaction happened on Aug 20 ’24, when Company’s EVP, COO, Pres, Mem Solutions sold 13,333 for $21.14, making the entire transaction worth $281,822. This insider now owns 211,896 shares in total.
Penguin Solutions Inc. (PENG) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 8/31/2024, the company posted 0.24 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.16) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 38.80% per share during the next fiscal year.
Penguin Solutions Inc. (NASDAQ: PENG) Trading Performance Indicators
Check out the current performance indicators for Penguin Solutions Inc. (PENG). In the past quarter, the stock posted a quick ratio of 2.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.71. Likewise, its price to free cash flow for the trailing twelve months is 15.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.00, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 2.15 in one year’s time.
Technical Analysis of Penguin Solutions Inc. (PENG)
Penguin Solutions Inc. (NASDAQ: PENG) saw its 5-day average volume 2.04 million, a positive change from its year-to-date volume of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 11.59%. Additionally, its Average True Range was 1.13.
During the past 100 days, Penguin Solutions Inc.’s (PENG) raw stochastic average was set at 4.27%, which indicates a significant decrease from 9.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 112.95% in the past 14 days, which was higher than the 72.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.79, while its 200-day Moving Average is $21.30. Nevertheless, the first resistance level for the watch stands at $16.23 in the near term. At $16.78, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.12. If the price goes on to break the first support level at $15.35, it is likely to go to the next support level at $15.02. Assuming the price breaks the second support level, the third support level stands at $14.47.
Penguin Solutions Inc. (NASDAQ: PENG) Key Stats
There are currently 0K shares outstanding in the company with a market cap of 830.16 million. Presently, the company’s annual sales total 1,441 M according to its annual income of -187,526 K. Last quarter, the company’s sales amounted to 300,580 K and its income totaled 5,616 K.
