In the current trading session, Analog Devices Inc.’s (ADI) stock is trading at the price of $145.54, a fall of -1.95% over last night’s close. So, the stock is trading at a price that is -24.18% less than its 52-week high of $191.95 and 5.08% better than its 52-week low of $138.50. Based on the past 30-day period, the stock price is -12.99% below the high and +0.46% above the low.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, ADI’s SMA-200 is $161.27.
Furthermore, one should take into account the price to sales ratio of a company for the last year, which is 6.81. Likewise, its price to free cash flow for the last twelve months stands at 34.12. ADI’s price to book ratio for the most recent quarter was 2.09, resulting in an 49.58 price to cash per share for the period.
How does Analog Devices Inc. (ADI) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 16 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.44 in simple terms.
Analog Devices Inc. (ADI): Earnings History
If we examine Analog Devices Inc.’s recent earnings history, in the last quarter ended on 4/29/2022, it posted adjusted earnings per share of $2.4, slashing the consensus of $2.11. In other words, it topped the consensus by $0.29, resulting in a 13.70% surprise. In the 3 months period before the previous quarter which was closed on 4/29/2022, the stock recorded adjusted earnings per share of $2.4 in contrast with the Outlook of $2.11. That was a difference of $0.29 and a surprise of 13.70%.
Analog Devices Inc. (ADI): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 11 different analysts, who are expecting earnings to fall in between the range of 2.62 and 2.55 with an average Earnings Estimate of 2.58 which is in contrast with the last year earnings estimate of 1.73 and also replicates 49.13% growth rate year over year.
Analog Devices Inc. (NASDAQ: ADI) Ownership Details
I will give a breakdown of the key shareholders in Analog Devices Inc. (ADI). Recent figures show that the company’s insiders hold 0.37% of shares. A total of 1,796 institutional investors hold shares in the company, making 88.38% of its stock and 88.71% of its float.
Mar 30, 2022, it was reported that the Company’s largest institutional holder is Vanguard Group, Inc. (The) holding total of 45.29 million shares that make 8.71% of the company’s total number of shares and are currently priced at 7.48 billion.
The securities firm Blackrock Inc. holds 41.34 million shares of ADI, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 7.95%, and the holding percentage of shares is valued at 6.83 billion.
An overview of Analog Devices Inc.’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Analog Devices Inc. (ADI) traded 3,057,911 shares per day, with a moving average of $151.73 and price change of -17.93. With the moving average of $161.92 and a price change of -3.47, about 3,203,522 shares changed hands on average over the past 50 days. Finally, ADI’s 100-day average volume is 3,315,036 shares, alongside a moving average of $158.59 and a price change of -8.66.