Intel Corp (NASDAQ: INTC) has reported a loss for its second fiscal quarter (ending June 30) of $-0.38 versus $0.35 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.23 compared to $-0.22 a year ago.
Recent Price Action
On 8/1/24, Intel Corp (NASDAQ: INTC) stock suffered a large decline of -5.5%, closing at $29.05. Moreover, trading volume in this decline was exceptionally high at 207% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -8.4% during the last week.
Current PriceTarget Research Rating
INTC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Intel has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Intel has a very high Appreciation Score of 92 but a very low Power Rating of 8, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment