Intel Corp (NASDAQ:INTC) shares, rose in value on Thursday, February 13, with the stock price up by 7.34% to the previous day’s close as strong demand from buyers drove the stock to $24.13.
Actively observing the price movement in the last trading, the stock closed the session at $22.48. Referring to stock’s 52-week performance, its high was $46.63, and the low was $18.51. On the whole, INTC has fluctuated by 25.68% over the past month.
With the market capitalization of Intel Corp currently standing at about $104.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.25, with its dividend yield at 1.04%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 53.59B, with a low estimate of 12.01B and a high estimate of 12.74B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 12.28B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that INTC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of INTC currently trading nearly 17.53% and 18.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.95, while the 7-day volatility ratio is showing 6.60% which for the 30-day chart, stands at 4.16%. Furthermore, Intel Corp (INTC)’s beta value is 1.05, and its average true range (ATR) is 0.99.
A comparison of Intel Corp (INTC) with its peers suggests the former has fared considerably weaker in the market. INTC showed an intraday change of 7.34% in last session, and over the past year, it shrunk by -45.20%%.
Data on historical trading for Intel Corp (NASDAQ:INTC) indicates that the trading volumes over the past 3 months, they’ve averaged 74.16 million. According to company’s latest data on outstanding shares, there are 4.33 billion shares outstanding.
Nearly 0.11% of Intel Corp’s shares belong to company insiders and institutional investors own 61.49% of the company’s shares. The stock has risen by 20.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the INTC stock heading into the next quarter.
