Check Point Software Technologies Ltd (NASDAQ:CHKP) shares, rose in value on Friday, February 14, with price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $222.09.
Actively observing the price movement in the last trading, the stock closed the session at $221.12, falling within a range of $219.16 and $222.615. The value of beta (5-year monthly) was 0.649 whereas the PE ratio was 29.78 over 12-month period. Referring to stock’s 52-week performance, its high was $226.02, and the low was $145.75. On the whole, CHKP has fluctuated by 21.10% over the past month.
With the market capitalization of Check Point Software Technologies Ltd currently standing at about $24.43 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.72B, with a low estimate of 631.7M and a high estimate of 642M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 635.49M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHKP’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.03, with the price of CHKP currently trading nearly 6.53% and 13.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.89, while the 7-day volatility ratio is showing 1.85% which for the 30-day chart, stands at 2.62%. Furthermore, Check Point Software Technologies Ltd (CHKP)’s beta value is 0.62, and its average true range (ATR) is 5.29.
A comparison of Check Point Software Technologies Ltd (CHKP) with its peers suggests the former has fared considerably weaker in the market. CHKP showed an intraday change of 0.44% in last session, and over the past year, it grew by 35.31%%.
Data on historical trading for Check Point Software Technologies Ltd (NASDAQ:CHKP) indicates that the trading volumes over the past 10 days have averaged 1.08 and over the past 3 months, they’ve averaged 731.81K. According to company’s latest data on outstanding shares, there are 109.98 million shares outstanding.
Nearly 22.70% of Check Point Software Technologies Ltd’s shares belong to company insiders and institutional investors own 72.18% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.43 million shares as on 2025-01-31, resulting in a short ratio of 4.27. According to the data, the short interest in Check Point Software Technologies Ltd (CHKP) stood at 434.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 3.27 million. The stock has risen by 18.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHKP stock heading into the next quarter.
