Akamai Technologies Inc (NASDAQ: AKAM) is -15.22% lower on its value in year-to-date trading and has touched a low of $76.85 and a high of $129.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AKAM stock was last observed hovering at around $101.33 in the last trading session, with the day’s loss setting it -0.99%.
Currently trading at $100.34, the stock is -6.07% and -9.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -0.98% at the moment leaves the stock -7.38% off its SMA200. AKAM registered 20.99% gain for a year compared to 6-month gain of -6.56%.
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The stock witnessed a -6.98% loss in the last 1 month and extending the period to 3 months gives it a -14.76%, and is -3.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.82% over the week and 1.53% over the month.
Akamai Technologies Inc (AKAM) has around 10250 employees, a market worth around $15.20B and $3.81B in sales. Current P/E ratio is 28.48 and Fwd P/E is 13.66. Profit margin for the company is 14.37%. Distance from 52-week low is 30.57% and -22.32% from its 52-week high. The company has generated returns on investments over the last 12 months (6.15%).
The EPS is expected to grow by 8.59% this year
The shares outstanding are 151.23M, and float is at 148.71M with Short Float at 5.38%.
Akamai Technologies Inc (AKAM) Insider Activity
The most recent transaction is an insider sale by Karon Adam, the company’s COO & GM Edge Technology Group. SEC filings show that Karon Adam sold 14,349 shares of the company’s common stock on Mar 22 ’24 at a price of $109.78 per share for a total of $1.58 million. Following the sale, the insider now owns 6697.0 shares.
Akamai Technologies Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Karon Adam (COO & GM Edge Technology Group) sold a total of 8,394 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $108.26 per share for $0.91 million. Following the transaction, the insider now directly holds 21046.0 shares of the AKAM stock.
Still, SEC filings show that on Mar 15 ’24, Joseph Paul C (EVP – Global Sales) disposed off 4,000 shares at an average price of $108.09 for $0.43 million. The insider now directly holds 34,595 shares of Akamai Technologies Inc (AKAM).
