Intel Corporation (NASDAQ:INTC): Here’s What’s Really Going On

The trading price of Intel Corporation (NASDAQ:INTC) closed higher on Tuesday, Feb 02, closing at $56.69, 2.31% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $56.88 and $58.28. The company’s P/E ratio in the trailing 12-month period was 11.74, while its 5Y monthly beta was 0.69. In examining the 52-week price action we see that the stock hit a 52-week high of $68.09 and a 52-week low of $43.61. Over the past month, the stock has gained 16.42% in value.

Intel Corporation, whose market valuation is $238.01 Billion at the time of this writing, is expected to release its quarterly earnings report Apr 21, 2021- Apr 26, 2021. The dividend yield on the company stock is 2.4, while its Forward Dividend ratio is 1.39. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.11 per share this quarter, however they have predicted annual earnings per share of $4.74 for 2021 and $4.85 for 2022. It means analysts are expecting annual earnings per share growth of -0.11% this year and 0.02% next year.

Analysts have forecast the company to bring in revenue of $17.55 Billion for the quarter, with the likely lows of $17.45 Billion and highs of $17.89 Billion. The average estimate suggests sales will likely down by -11.5% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $72.48 Billion. The company’s revenue is forecast to drop by -6.9% over what it did in 2020.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Intel Corporation 28 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest INTC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned INTC a recommendation rating is 40. Out of them, 15 rate it a Hold, while 14 recommend Buy, whereas 1 assign an Outperform rating. 2 analyst(s) have tagged Intel Corporation (INTC) as Underperform, while 8 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.16, which symbolizes a positive outlook. A quick review shows that INTC’s price is currently 5.26% off the SMA20 and 13.33% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.7, and weekly volatility stands at 3.32%. When measured over the past 30 days, the indicator reaches 3.75%. Intel Corporation (NASDAQ:INTC)’s beta value is currently sitting at 0.69, while the Average True Range indicator is currently displaying 2.3. With analysts defining $40-$90 as the low and high price targets, we arrive at a consensus price target of $63.32 for the trailing 12-month period. The current price is about -31.03% off the estimated low and 55.17% off the forecast high, based on this estimate. Investors will be thrilled if INTC’s share price rises to $62, which is the median consensus price. At that level, INTC’s share price would be +6.9% above current price.

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To see how Intel Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: INTC stock’s performance was +2.31% in the latest trading, and -9.97% in the past year, while Nvidia Corp (NVDA) has traded +2.42% on the day and positioned +125.64% higher than it was a year ago. Another comparable company Texas Instruments (TXN) saw its stock close 1.33% higher in the most recent trading session but was up +41.61% in a year. Furthermore, Stmicroelectronics N.V. (STM) showed an increase of 2.31% on the day while its price kept declining at -9.97% over the past year. Intel Corporation has a P/E ratio of 11.74, compared to Nvidia Corp’s 88.61 and Texas Instruments’s 29.26. Also in last trading session, the S&P 500 Index has surged 1.39%, while the Dow Jones Industrial also saw a positive session, up +1.57% on the day.

An evaluation of the daily trading volume of Intel Corporation (NASDAQ:INTC) indicates that the 3-month average is 41.14 Million. However, this figure has increased over the past 10 days to an average of 42.76 Million.

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Currently, records show that 4.1 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0.05% of outstanding shares, whereas institutions hold 66.41%. The stats also highlight that short interest as of January 14, 2021, stood at 52.79 Million shares, resulting in a short ratio of 1.18 at that time. From this, we can conclude that short interest is 1.3% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 73.45 Million. However, since the stock’s price has seen +16.42% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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