Intel Corp (NASDAQ:INTC) shares, rose in value, with the stock price down by -2.44% to the previous day’s close as strong demand from buyers drove the stock to $20.81.
Actively observing the price movement in the last trading, the stock closed the session at $21.33. 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 7.38% over the past month.
With the market capitalization of Intel Corp currently standing at about $90.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.25, with its dividend yield at 1.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 53.56B, with a low estimate of 12.01B and a high estimate of 12.65B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 12.27B.
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 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of INTC currently trading nearly -8.65% and -1.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.94, while the 7-day volatility ratio is showing 7.95% which for the 30-day chart, stands at 6.45%. Furthermore, Intel Corp (INTC)’s beta value is 1.16, and its average true range (ATR) is 1.46.
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 -2.44% in last session, and over the past year, it shrunk by -52.51%%. In comparison, NVIDIA Corp. (NVDA) has moved higher at 1.13%% on the day and was up 32.24% over the past 12 months. Additionally, there is a gain of 2.19%% for Broadcom Inc. (AVGO) in last trading while the stock has seen an overall depriciation of 41.91%% over the past year.
Data on historical trading for Intel Corp (NASDAQ:INTC) indicates that the trading volumes over the past 3 months, they’ve averaged 90.93 million. According to company’s latest data on outstanding shares, there are 4.33 billion shares outstanding.
Nearly 0.06% of Intel Corp’s shares belong to company insiders and institutional investors own 64.12% of the company’s shares. The stock has risen by 3.79% 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.
