Palo Alto Networks Inc (PANW) concluded trading on Thursday at a closing price of $315.62, with 3.29 million shares of worth about $1.04 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.76% during that period and on August 01, 2024 the price saw a loss of about -2.81%. Currently the company’s common shares owned by public are about 323.80M shares, out of which, 319.90M shares are available for trading.
Stock saw a price change of -1.41% in past 5 days and over the past one month there was a price change of -7.29%. Year-to-date (YTD), PANW shares are showing a performance of 7.03% which increased to 24.67% 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 3.26 million. The stock is currently trading -4.83% below its 20-day simple moving average (SMA20), while that difference is down -1.76% for SMA50 and it goes to 5.15% 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 78.75% of that.
The stock has a current market capitalization of $102.20B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 45.94, while it has posted earnings per share of $6.87 in the same period. Its PEG reads 2.72 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 3.20% while standing at 2.93% over the month.
Stock’s fiscal year EPS is expected to rise by 25.61% while it is estimated to increase by 11.49% 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 Redburn Atlantic on July 18, 2024 offering a Neutral rating for the stock and assigned a target price range of between $350 and $325 to it. Coverage by DA Davidson stated Palo Alto Networks Inc (PANW) stock as a Buy in their note to investors on June 21, 2024, suggesting a price target of $380 for the stock. On May 29, 2024, Daiwa Securities Initiated their recommendations, while on February 21, 2024, Rosenblatt Downgrade their ratings for the stock with a price target of $265. Stock get a Neutral rating from Piper Sandler on February 21, 2024.
