Akamai Technologies, Inc. (NASDAQ:AKAM) stock went on an upward path that rose over 1.83% on Thursday, amounting to a one-week price increase of more than 4.93%. Over the last 12 months, AKAM stock rose by 23.82%. The one-year AKAM stock forecast points to a potential upside of 0.01, with the average price target set at $91.74 per share. The average equity rating for AKAM stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for AKAM stock reached $15.31 billion, with 165.44 million shares outstanding and 160.59 million shares in the current float. Compared to the average trading volume of 1.36M shares, AKAM reached a trading volume of 1,474,995 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $91.74 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 2.30. 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.
Guggenheim have made an estimate for Akamai Technologies, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Jul-24-19. The new note on the price target was released on Apr-22-19, representing the official price target for Akamai Technologies, Inc. stock.
The Average True Range (ATR) for Akamai Technologies, Inc. is set at 2.34, with the Price to Sales ratio for AKAM stock in the period of the last 12 months amounting to 5.48. The Price to Book ratio for the last quarter was 4.46, with the Price to Cash per share for the same quarter was set at 6.30. Price to Free Cash Flow for AKAM in the course of the last twelve months was 19.19 with Quick ratio for the last quarter at 3.00.
Trading performance analysis for AKAM stock
Akamai Technologies, Inc. (AKAM) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.93. With this latest performance, AKAM shares gained by 7.70% in over the last four-week period, additionally plugging by 31.32% over the last 6 months – not to mention a rise of 23.82% 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 67.68, with the RSI for the last a single of trading hit 73.05, and the three-weeks RSI is set at 64.70 for Akamai Technologies, Inc. (AKAM). The present Moving Average for the last 50 days of trading for this stock 85.24, while it was recorded at 90.21 for the last single week of trading, and 74.71 for the last 200 days.
Akamai Technologies, Inc. (AKAM): A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Akamai Technologies, Inc. (AKAM) shares currently have an operating margin of +15.09 and a Gross Margin at +60.70. Akamai Technologies, Inc.’s Net Margin is presently recorded at +10.99.
Return on Total Capital for AKAM is now 9.39, given the latest momentum, and Return on Invested Capital for the company is 7.42. Return on Equity for this stock inclined to 9.18, with Return on Assets sitting at 5.93. When it comes to the capital structure of this company, Akamai Technologies, Inc. (AKAM) has a Total Debt to Total Equity ratio set at 48.89. Additionally, AKAM Total Debt to Total Capital is recorded at 32.84, with Total Debt to Total Assets ending up at 28.57. Long-Term Debt to Equity for the company is recorded at 27.38, with the Long-Term Debt to Total Capital now at 18.39.
Reflecting on the efficiency of the workforce at the company, Akamai Technologies, Inc. (AKAM) managed to generate an average of $39,683 per employee. Receivables Turnover for the company is 5.78 with a Total Asset Turnover recorded at a value of 0.54. Akamai Technologies, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.00 and a Current Ratio set at 3.00.
An analysis of insider ownership at Akamai Technologies, Inc. (AKAM)
There are presently around $13,613,656,690 million, or 90.80% of AKAM stock, in the hands of institutional investors. The top three institutional holders of AKAM stocks are: VANGUARD GROUP INC with ownership of 17132153, which is approximately 1.83 of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 11611098 shares of the stock with an approximate value of $1.06 billion in AKAM stocks shares; and FMR LLC, currently with $774.63 million in AKAM stock with ownership of nearly (2.86) of the company’s market capitalization.
Positions in Akamai Technologies, Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 273 institutional holders increased their position in Akamai Technologies, Inc. (NASDAQ:AKAM) by around 12,496,838 shares. Additionally, 289 investors decreased positions by around 7,603,473 shares, while 86 investors held positions by with 129,697,848 shares. The mentioned changes placed institutional holdings at 149,798,159 shares, according to the latest SEC report filing. AKAM stock had 73 new institutional investments in for a total of 910,797 shares, while 51 institutional investors sold positions of 1,448,456 shares during the same period.