With 2.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.67 million shares. The 52-week range on AKAM shows that it touched its highest point at $113.36 and its lowest point at $84.70 during that stretch. It currently has a 1-year price target of $113.23. Beta for the stock currently stands at 0.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AKAM was down-trending over the past week, with a drop of -3.00%, but this was up by 3.51% over a month. Three-month performance surged to 12.12% while six-month performance fell -3.56%. The stock lost -10.22% in the past year, while it has gained 2.49% so far this year. A look at the trailing 12-month EPS for AKAM yields 3.38 with Next year EPS estimates of 7.53. For the next quarter, that number is 1.66. This implies an EPS growth rate of 5.87% for this year and 9.71% for next year.
Float and Shares Shorts:
At present, 150.62 million AKAM shares are outstanding with a float of 147.33 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AKAM since 12 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.42899 being high and $6.25902 being low. For AKAM, this leads to a yearly average estimate of $6.32901. Based on analyst estimates, the high estimate for the next quarter is $1.74 and the low estimate is $1.57. The average estimate for the next quarter is thus $1.66.
