Intel Corp (NASDAQ:INTC) price on Wednesday, January 15, rose 2.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.72.
A look at the stock’s price movement, the close in the last trading session was $19.20, moving within a range at $19.171 and $19.77. The beta value (5-Year monthly) was 1.026. Turning to its 52-week performance, $50.30 and $18.51 were the 52-week high and 52-week low respectively. Overall, INTC moved -5.10% over the past month.
Intel Corp’s market cap currently stands at around $85.05 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.38, with its dividend yield at 1.90%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 13.83B for the company’s revenue for the quarter, with a low and high estimate of 13.69B and 14.2B respectively. The average forecast suggests down to a -10.24% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 52.66B, representing a -2.90% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INTC is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
31 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 16 analyst(s) rate the stock as a Hold, 11 recommend INTC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 4 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INTC’s current price about -0.95% and -10.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.88, while 7-day volatility ratio is 3.13% and 3.37% in the 30-day chart. Further, Intel Corp (INTC) has a beta value of 1.08, and an average true range (ATR) of 0.72. Analysts have given the company’s stock an average 52-week price target of $23.5, forecast between a low of $18 and high of $28. Looking at the price targets, the low is 8.72% off current price level while to achieve the yearly target high, price needs to move -41.99%. Nonetheless, investors will most likely welcome a -19.17% jump to $23.5 which is the analysts’ median price.
If we refocus on Intel Corp (NASDAQ:INTC), historical trading data shows that trading volumes averaged 56.68 over the past 10 days and 69.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.31 billion shares.
The 0.09% of Intel Corp’s shares are in the hands of company insiders while institutional holders own 62.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 116.39 million on 2024-12-31, giving us a short ratio of 1.45. The data shows that as of 2024-12-31 short interest in Intel Corp (INTC) stood at 270.0 of shares outstanding, with shares short rising to 113.44 million registered in 2024-11-29. Current price change has pushed the stock -1.65% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INTC stock continues to rise going into the next quarter.
