Penguin Solutions Inc (NASDAQ: PENG) on Friday, plunged -4.20% from the previous trading day, before settling in for the closing price of $17.14. Within the past 52 weeks, PENG’s price has moved between $14.87 and $29.81.
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During the last 5-year period, the sales growth of Technology Sector giant was 0.77%. The company achieved an average annual earnings per share of 40.64%. With a float of $51.36 million, this company’s outstanding shares have now reached $53.28 million.
Let’s determine the extent of company efficiency that accounts for 2700 employees.
Penguin Solutions Inc (PENG) Insider Activity
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Penguin Solutions Inc is 3.62%, while institutional ownership is 106.61%. The most recent insider transaction that took place on Nov 14 ’24, was worth 39,620. In this transaction President, Optimized LED of this company sold 2,264 shares at a rate of $17.50, taking the stock ownership to the 95,999 shares. Before that another transaction happened on Nov 14 ’24, when Company’s Officer proposed sale 2,264 for $17.12, making the entire transaction worth $38,760.
Penguin Solutions Inc (PENG) Earnings and Forecasts
As on 8/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.24 earnings per share (EPS) for the period topping the consensus outlook (set at 0.16) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.64% per share during the next fiscal year.
Penguin Solutions Inc (NASDAQ: PENG) Trading Performance Indicators
Penguin Solutions Inc (PENG) is currently performing well based on its current performance indicators. A quick ratio of 2.19 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 0.72. Likewise, its price to free cash flow for the trailing twelve months is 15.58.
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 2.21 in one year’s time.
Technical Analysis of Penguin Solutions Inc (PENG)
Looking closely at Penguin Solutions Inc (NASDAQ: PENG), its last 5-days average volume was 0.81 million, which is a drop from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 40.28%. Additionally, its Average True Range was 0.82.
During the past 100 days, Penguin Solutions Inc’s (PENG) raw stochastic average was set at 10.37%, which indicates a significant decrease from 46.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.25% in the past 14 days, which was lower than the 73.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.26, while its 200-day Moving Average is $20.85. However, in the short run, Penguin Solutions Inc’s stock first resistance to watch stands at $16.88. Second resistance stands at $17.34. The third major resistance level sits at $17.60. If the price goes on to break the first support level at $16.16, it is likely to go to the next support level at $15.91. Should the price break the second support level, the third support level stands at $15.45.
Penguin Solutions Inc (NASDAQ: PENG) Key Stats
Market capitalization of the company is 838.26 million based on 53,290K outstanding shares. Right now, sales total 1,171 M and income totals -52,470 K. The company made 311,150 K in profit during its latest quarter, and -24,550 K in sales during its previous quarter.
