Akamai Technologies Inc (AKAM) concluded trading on Thursday at a closing price of $91.57, with 4.05 million shares of worth about $370.43 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.08% during that period and on August 08, 2024 the price saw a loss of about -1.16%. Currently the company’s common shares owned by public are about 151.23M shares, out of which, 149.47M shares are available for trading.
Stock saw a price change of -4.05% in past 5 days and over the past one month there was a price change of -2.36%. Year-to-date (YTD), AKAM shares are showing a performance of -22.63% which decreased to -3.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $87.59 but also hit the highest price of $129.17 during that period. The average intraday trading volume for Akamai Technologies Inc shares is 1.74 million. The stock is currently trading -4.20% below its 20-day simple moving average (SMA20), while that difference is down -0.84% for SMA50 and it goes to -13.56% lower than SMA200.
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Akamai Technologies Inc (NASDAQ: AKAM) currently have 151.23M outstanding shares and institutions hold larger chunk of about 96.02% of that.
The stock has a current market capitalization of $13.95B and its 3Y-monthly beta is at 0.68. PE ratio of stock for trailing 12 months is 22.80, while it has posted earnings per share of $4.02 in the same period. Its PEG reads 3.45 and has Quick Ratio of 3.19 while making debt-to-equity ratio of 0.99. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AKAM, volatility over the week remained 2.56% while standing at 2.09% over the month.
Stock’s fiscal year EPS is expected to rise by 1.77% while it is estimated to increase by 6.67% in next year. EPS is likely to shrink at an annualized rate of 6.60% for next 5-years, compared to annual growth of 14.90% made by the stock over the past 5-years.
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 Guggenheim on July 29, 2024 offering a Buy rating for the stock and assigned a target price of $128 to it. Coverage by HSBC Securities stated Akamai Technologies Inc (AKAM) stock as a Hold in their note to investors on July 24, 2024, suggesting a price target of $96 for the stock. On July 08, 2024, Scotiabank Initiated their recommendations, while on March 07, 2024, Robert W. Baird Upgrade their ratings for the stock with a price target of $135. Stock get a Reduce rating from HSBC Securities on February 15, 2024.
