Mizuho has recently reduced Intel Corp (INTC) stock to Neutral rating, as announced on August 8, 2024, according to Finviz. Earlier, on August 6, 2024, Argus had reduced the stock from a Buy to Hold. TD Cowen also reiterated Hold rating with a price target of $25. Additionally, The Benchmark Company reduced Hold rating on August 2, 2024. Raymond James analysts, in their report published on August 2, 2024, also reduced Mkt Perform rating for Intel Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Intel Corp (INTC) Stock Trading Recap
On Tuesday, Intel Corp (INTC) stock saw a modest uptick, ending the day at $23.32 which represents a slight increase of $0.80 or 3.55% from the prior close of $22.52. The stock opened at $22.58 and touched a low of $22.4 during the day, reaching a high of $23.58. The volume of shares traded was 58.60 million falling short of the average volume of 81.08 million.
INTC Stock Performance and Moving Averages
In recent trading, Intel Corp (INTC) stock price has shown some volatility, fluctuating 1.83% over the last five trades and 4.20% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -23.99%, and it has gained 22.80% in the previous three months. Currently, INTC is trading at 2.56%, 6.67%, and -26.06% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, INTC, a Technology sector stock, is trading -54.52% below its 52-week high but remains 25.99% above its 52-week low. The Average True Range (ATR) (14 days) of 0.94 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Intel Corp’s Profitability and Valuation Ratios
Intel Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -6.88% and a profit margin of -29.42%, with a gross margin of -23.99%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Intel Corp’s market capitalization stands at $100.58 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 22.84. Additionally, the Price-to-Sales Ratio is 1.85, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.01, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.06% of Intel Corp (INTC)’s shares, while financial institutions hold 65.11%.
