The trading price of Check Point Software Technologies Ltd. (NASDAQ:CHKP) floating lower at last check on current market day and closing at $177.35, -14.72% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $175.01 and $189.0. The company’s P/E ratio in the trailing 12-month period was 24.52, while its 5Y monthly beta was 0.62. In examining the 52-week price action we see that the stock hit a 52-week high of $210.70 and a 52-week low of $126.57. Over the past month, the stock has lost -8.02% in value.
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Check Point Software Technologies Ltd., whose market valuation is $19.51 billion at the time of this writing, is expected to release its quarterly earnings report on 2024-Oct-29. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 2.25 per share this quarter, however they have predicted annual earnings per share of 9.1 for current year and 10.06 for next year.
Analysts have forecast the company to bring in revenue of 634.86M for the current quarter, with the likely lows of 632.45M and highs of 642M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.56B.
On the technical side, indicators suggest CHKP has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CHKP a recommendation rating is 14. Out of them, 4 rate it a Hold, while 8 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Check Point Software Technologies Ltd. (CHKP) as Underweight, while 2 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 6.13, which symbolizes a positive outlook. A quick review shows that CHKP’s price is currently -12.14% off the SMA20 and -9.25% off the SMA50. The RSI metric on the 14-day chart is currently showing 27.45, and weekly volatility stands at 1.39%. When measured over the past 30 days, the indicator reaches 1.97%. Check Point Software Technologies Ltd. (NASDAQ:CHKP)’s beta value is currently sitting at 0.62, while the Average True Range indicator is currently displaying 5.72. With analysts defining $105-$210 as the low and high price targets, we arrive at a consensus price target of $150 for the trailing 12-month period. The current price is about 40.8% off the estimated low and -18.41% off the forecast high, based on this estimate. Investors will be thrilled if CHKP’s share price rises to $150, which is the median consensus price. At that level, CHKP’s share price would be 15.42% above current price.
To see how Check Point Software Technologies Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: CHKP stock’s performance was -14.72% at last check in today’s session, and 34.52% in the past year. Check Point Software Technologies Ltd. has a P/E ratio of 24.52.
An evaluation of the daily trading volume of Check Point Software Technologies Ltd. (NASDAQ:CHKP) indicates that the 3-month average is 595.93K. However, this figure has increased over the past 10 days to an average of 0.74.
Currently, records show that 112.91 million of the company’s shares remain outstanding. The insiders hold 22.63% of outstanding shares, whereas institutions hold 73.30%. The stats also highlight that short interest as of 2024-10-15, stood at 3.32 million shares, resulting in a short ratio of 5.59 at that time. From this, we can conclude that short interest is 419.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 3.28 million. However, since the stock’s price has seen 16.08% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
