Market Analysts see Intel Corp. [INTC] falling to $40. Time to buy?

Intel Corp. [NASDAQ: INTC] traded at a low on Firday, posting a -4.66 loss after which it closed the day’ session at $44.00. The company report on March 8, 2024 at 11:00 AM that Media Alert: Intel at Open Confidential Computing Conference 2024.

Intel technologists to present advances in confidential computing and participate in a CTO panel discussion at this year’s Open Confidential Computing Conference.

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Join Intel experts for panel discussions and talks at this year’s Open Confidential Computing Conference (OC3), a virtual event on March 13. Hosted by Edgeless Systems, OC3 is the premier event for security architects, cloud-native software engineers, IT security experts, CISOs, CTOs, security researchers and developers who want to learn about confidential computing.

The results of the trading session contributed to over 54287448 shares changing hands. Over the past one week, the price volatility of Intel Corp. stands at 4.92% while the volatility over the past one month is 3.17%.

The market cap for INTC stock reached $186.03 billion, with 4.23 billion shares outstanding and 4.23 billion shares in the current float. Compared to the average trading volume of 44.62M shares, INTC reached a trading volume of 54287448 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Intel Corp. [INTC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INTC shares is $45.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INTC stock is a recommendation set at 2.87. 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.

Wedbush have made an estimate for Intel Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 26, 2024. While these analysts kept the previous recommendation, Truist dropped their target price from $47 to $45. The new note on the price target was released on January 26, 2024, representing the official price target for Intel Corp. stock. Previously, the target price had yet another raise from $52 to $62, while The Benchmark Company kept a Buy rating on INTC stock. On January 26, 2024, analysts decreased their price target for INTC shares from 45 to 42.

The Average True Range (ATR) for Intel Corp. is set at 1.65, with the Price to Sales ratio for INTC stock in the period of the last 12 months amounting to 3.43. The Price to Book ratio for the last quarter was 1.76, with the Price to Cash per share for the same quarter was set at 5.92.

How has INTC stock performed recently?

Intel Corp. [INTC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.41. With this latest performance, INTC shares gained by 2.85% in over the last four-week period, additionally plugging by 15.24% over the last 6 months – not to mention a rise of 69.36% 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 INTC stock in for the last two-week period is set at 49.60, with the RSI for the last a single of trading hit 50.02, and the three-weeks RSI is set at 49.41 for Intel Corp. [INTC]. The present Moving Average for the last 50 days of trading for this stock 45.34, while it was recorded at 44.69 for the last single week of trading, and 38.70 for the last 200 days.

Intel Corp. [INTC]: Deeper insight into the fundamentals

Intel Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.15 and a Current Ratio set at 1.54.

Earnings analysis for Intel Corp. [INTC]

With the latest financial reports released by the company, Intel Corp. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 73.30%. 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 INTC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Intel Corp. go to 43.08%.

Insider trade positions for Intel Corp. [INTC]

There are presently around $140.8 billion, or None% of INTC stock, in the hands of institutional investors. The top three institutional holders of INTC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in INTC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in INTC stock with ownership which is approximately 5.8325%.