Cisco Systems Inc. [NASDAQ: CSCO] slipped around -0.12 points on Monday, while shares priced at $55.47 at the close of the session, down -0.22%. The company report on August 5, 2021 that Cisco EDGE Incubation Centers Stimulate Local Economy While Incorporating Global Expertise.
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Cisco Systems Inc. stock is now 23.96% up from its year-to-date (YTD) trading value. CSCO Stock saw the intraday high of $56.07 and lowest of $55.40 per share. The company’s 52-week high price is 56.42, which means current price is +27.96% above from all time high which was touched on 08/03/21.
Compared to the average trading volume of 17.74M shares, CSCO reached a trading volume of 8657053 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cisco Systems Inc. [CSCO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CSCO shares is $55.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CSCO stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DZ Bank have made an estimate for Cisco Systems Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 21, 2021. While these analysts kept the previous recommendation, MKM Partners raised their target price to Buy. The new note on the price target was released on May 13, 2021, representing the official price target for Cisco Systems Inc. stock.
The Average True Range (ATR) for Cisco Systems Inc. is set at 0.74, with the Price to Sales ratio for CSCO stock in the period of the last 12 months amounting to 4.80. The Price to Book ratio for the last quarter was 5.82, with the Price to Cash per share for the same quarter was set at 5.58. Price to Free Cash Flow for CSCO in the course of the last twelve months was 29.73 with Quick ratio for the last quarter at 1.50.
How has CSCO stock performed recently?
Cisco Systems Inc. [CSCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.04. With this latest performance, CSCO shares gained by 3.22% in over the last four-week period, additionally plugging by 13.34% over the last 6 months – not to mention a rise of 16.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CSCO stock in for the last two-week period is set at 59.01, with the RSI for the last a single of trading hit 58.03, and the three-weeks RSI is set at 58.67 for Cisco Systems Inc. [CSCO]. The present Moving Average for the last 50 days of trading for this stock 53.94, while it was recorded at 55.75 for the last single week of trading, and 48.43 for the last 200 days.
Cisco Systems Inc. [CSCO]: Deeper insight into the fundamentals
Cisco Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
Earnings analysis for Cisco Systems Inc. [CSCO]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CSCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cisco Systems Inc. go to 5.93%.
Insider trade positions for Cisco Systems Inc. [CSCO]
There are presently around $171,990 million, or 75.60% of CSCO stock, in the hands of institutional investors. The top three institutional holders of CSCO stocks are: BLACKROCK INC. with ownership of 334,979,843, which is approximately 2.222% of the company’s market cap and around 0.06% of the total institutional ownership; VANGUARD GROUP INC, holding 333,091,416 shares of the stock with an approximate value of $18.48 billion in CSCO stocks shares; and STATE STREET CORP, currently with $9.83 billion in CSCO stock with ownership of nearly -1.18% of the company’s market capitalization.
1,352 institutional holders increased their position in Cisco Systems Inc. [NASDAQ:CSCO] by around 169,260,765 shares. Additionally, 1,180 investors decreased positions by around 115,140,815 shares, while 254 investors held positions by with 2,816,197,471 shares. The mentioned changes placed institutional holdings at 3,100,599,051 shares, according to the latest SEC report filing. CSCO stock had 174 new institutional investments in for a total of 9,910,340 shares, while 82 institutional investors sold positions of 7,672,948 shares during the same period.