On Monday, Penguin Solutions Inc (NASDAQ: PENG) opened higher 4.13% from the last session, before settling in for the closing price of $18.14. Price fluctuations for PENG have ranged from $14.87 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 39.87% at the time writing. With a float of $51.36 million, this company’s outstanding shares have now reached $53.28 million.
Let’s look at the performance matrix of the company that is accounted for 2700 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 3.62%, while institutional ownership is 106.54%. 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) 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 39.87% 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 0.86. Likewise, its price to free cash flow for the trailing twelve months is 18.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.00, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 2.21 in one year’s time.
Technical Analysis of Penguin Solutions Inc (PENG)
Penguin Solutions Inc (NASDAQ: PENG) saw its 5-day average volume 0.84 million, a negative change from its year-to-date volume of 1.04 million. As of the previous 9 days, the stock’s Stochastic %D was 80.05%. Additionally, its Average True Range was 0.75.
During the past 100 days, Penguin Solutions Inc’s (PENG) raw stochastic average was set at 26.91%, which indicates a significant decrease from 95.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.31% in the past 14 days, which was lower than the 63.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.98, while its 200-day Moving Average is $20.67. Nevertheless, the first resistance level for the watch stands at $19.19 in the near term. At $19.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.97. If the price goes on to break the first support level at $18.41, it is likely to go to the next support level at $17.92. Assuming the price breaks the second support level, the third support level stands at $17.63.
Penguin Solutions Inc (NASDAQ: PENG) Key Stats
There are currently 53,290K shares outstanding in the company with a market cap of 1.01 billion. Presently, the company’s annual sales total 1,171 M according to its annual income of -52,470 K. Last quarter, the company’s sales amounted to 311,150 K and its income totaled -24,550 K.
