Intel Corp (NASDAQ:INTC) price on Wednesday, May 21, fall -2.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.69.
A look at the stock’s price movement, the close in the last trading session was $21.27. Turning to its 52-week performance, $37.16 and $17.67 were the 52-week high and 52-week low respectively. Overall, INTC moved 6.05% over the past month.
Intel Corp’s market cap currently stands at around $90.25 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.12, with its dividend yield at 0.60%. 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 11.9B for the company’s revenue for the quarter, with a low and high estimate of 11.78B and 12.6B respectively. The average forecast suggests down to a -7.24% 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 50.47B, representing a -4.95% 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 -1.20% and -3.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.22, while 7-day volatility ratio is 2.57% and 3.09% in the 30-day chart. Further, Intel Corp (INTC) has a beta value of 1.14, and an average true range (ATR) of 0.90. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $19 and high of $29. Looking at the price targets, the low is 8.17% off current price level while to achieve the yearly target high, price needs to move -40.16%. Nonetheless, investors will most likely welcome a -6.33% jump to $22 which is the analysts’ median price.
If we refocus on Intel Corp (NASDAQ:INTC), historical trading data shows that trading volumes averaged 98.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.36 billion shares.
The 0.27% of Intel Corp’s shares are in the hands of company insiders while institutional holders own 64.55% of the company’s shares. Current price change has pushed the stock 3.19% 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.
