The trading price of Palo Alto Networks Inc (NASDAQ:PANW) floating lower at last check on current market day and closing at $386.38, -0.43% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $383.93 and $393.0. The company’s P/E ratio in the trailing 12-month period was 53.38, while its 5Y monthly beta was 1.118. In examining the 52-week price action we see that the stock hit a 52-week high of $408.53 and a 52-week low of $249.56. Over the past month, the stock has gained 2.73% in value.
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Palo Alto Networks Inc, whose market valuation is $126.44 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest PANW has a 100% 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 100% Buy, while an average of long term indicators suggests that the stock is currently 100% 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 PANW a recommendation rating is 36. Out of them, 7 rate it a Hold, while 28 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Palo Alto Networks Inc (PANW) as Underweight, while 0 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 2.25, which symbolizes a positive outlook. A quick review shows that PANW’s price is currently 2.04% off the SMA20 and 6.61% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.80, and weekly volatility stands at 2.10%. When measured over the past 30 days, the indicator reaches 2.32%. Palo Alto Networks Inc (NASDAQ:PANW)’s beta value is currently sitting at 1.13, while the Average True Range indicator is currently displaying 9.16. With analysts defining $146.66666666666666-$455 as the low and high price targets, we arrive at a consensus price target of $350 for the trailing 12-month period. The current price is about 62.04% off the estimated low and -17.76% off the forecast high, based on this estimate. Investors will be thrilled if PANW’s share price rises to $350, which is the median consensus price. At that level, PANW’s share price would be 9.42% above current price.
To see how Palo Alto Networks Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: PANW stock’s performance was -0.43% at last check in today’s session, and 48.28% in the past year. Palo Alto Networks Inc has a P/E ratio of 53.38.
An evaluation of the daily trading volume of Palo Alto Networks Inc (NASDAQ:PANW) indicates that the 3-month average is 2.49 million. However, this figure has increased over the past 10 days to an average of 2.06.
Currently, records show that 325.10 million of the company’s shares remain outstanding. The insiders hold 0.93% of outstanding shares, whereas institutions hold 77.91%. The stats also highlight that short interest as of 2024-10-31, stood at 10.27 million shares, resulting in a short ratio of 4.75 at that time. From this, we can conclude that short interest is 317.00 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 9.61 million. However, since the stock’s price has seen 31.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
