Akamai Technologies Inc [NASDAQ: AKAM] traded at a high on Thursday, posting a 0.33 gain after which it closed the day’ session at $102.46.
The results of the trading session contributed to over 3484009 shares changing hands. Over the past one week, the price volatility of Akamai Technologies Inc stands at 1.33% while the volatility over the past one month is 1.51%.
The market cap for AKAM stock reached $15.53 billion, with 151.23 million shares outstanding and 148.71 million shares in the current float. Compared to the average trading volume of 1.71M shares, AKAM reached a trading volume of 3484009 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Akamai Technologies Inc [AKAM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AKAM shares is $126.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AKAM stock is a recommendation set at 2.29. 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.
Robert W. Baird have made an estimate for Akamai Technologies Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 07, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price from $109 to $96. The new note on the price target was released on February 15, 2024, representing the official price target for Akamai Technologies Inc stock. Previously, the target price had yet another raise to $150, while Susquehanna analysts kept a Positive rating on AKAM stock.
The Average True Range (ATR) for Akamai Technologies Inc is set at 1.60, with the Price to Sales ratio for AKAM stock in the period of the last 12 months amounting to 4.07. The Price to Book ratio for the last quarter was 3.37, with the Price to Cash per share for the same quarter was set at 5.70. Price to Free Cash Flow for AKAM in the course of the last twelve months was 25.11 with Quick ratio for the last quarter at 2.11.
How has AKAM stock performed recently?
Akamai Technologies Inc [AKAM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.73. With this latest performance, AKAM shares dropped by -1.84% in over the last four-week period, additionally sinking by -5.88% over the last 6 months – not to mention a rise of 29.89% 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 AKAM stock in for the last two-week period is set at 47.17, with the RSI for the last a single of trading hit 55.09, and the three-weeks RSI is set at 43.63 for Akamai Technologies Inc [AKAM]. The present Moving Average for the last 50 days of trading for this stock 105.73, while it was recorded at 101.40 for the last single week of trading, and 109.14 for the last 200 days.
Akamai Technologies Inc [AKAM]: Deeper insight into the fundamentals
Akamai Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.11 and a Current Ratio set at 2.11.
Earnings analysis for Akamai Technologies Inc [AKAM]
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 AKAM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Akamai Technologies Inc go to 6.60%.
Insider trade positions for Akamai Technologies Inc [AKAM]
The top three institutional holders of AKAM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AKAM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AKAM stock with ownership which is approximately 5.8386%.
