Palo Alto Networks Inc (PANW) concluded trading on Thursday at a closing price of $340.82, with 5.64 million shares of worth about $1.92 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.30% during that period and on June 27, 2024 the price saw a gain of about 4.78%. Currently the company’s common shares owned by public are about 323.80M shares, out of which, 319.83M shares are available for trading.
Stock saw a price change of 9.57% in past 5 days and over the past one month there was a price change of 10.65%. Year-to-date (YTD), PANW shares are showing a performance of 15.58% which increased to 35.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $201.17 but also hit the highest price of $380.84 during that period. The average intraday trading volume for Palo Alto Networks Inc shares is 3.66 million. The stock is currently trading 10.22% above its 20-day simple moving average (SMA20), while that difference is up 12.51% for SMA50 and it goes to 17.91% higher than SMA200.
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Palo Alto Networks Inc (NASDAQ: PANW) currently have 323.80M outstanding shares and institutions hold larger chunk of about 78.61% of that.
The stock has a current market capitalization of $110.36B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 49.61, while it has posted earnings per share of $6.87 in the same period. Its PEG reads 2.94 and has Quick Ratio of 0.79 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PANW, volatility over the week remained 3.41% while standing at 2.94% over the month.
Stock’s fiscal year EPS is expected to rise by 25.62% while it is estimated to increase by 11.44% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on June 21, 2024 offering a Buy rating for the stock and assigned a target price of $380 to it. Coverage by Daiwa Securities stated Palo Alto Networks Inc (PANW) stock as an Outperform in their note to investors on May 29, 2024, suggesting a price target of $350 for the stock. On February 21, 2024, Rosenblatt Downgrade their recommendations, while on February 21, 2024, Piper Sandler Downgrade their ratings for the stock with a price target of $300. Stock get a Market perform rating from Northland Capital on February 21, 2024.
