AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) stock suffered a major decline of -14.4% on 11/8/24. The shares closed at $89.37. Moreover, trading volume in this decline was exceptionally high at 588% of normal. The stock has been weak relative to the market over the last nine months and has declined -11.6% during the last week.
Current PriceTarget Research Rating
AKAM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
AKAMAI TECHNOLOGIES INC has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AKAMAI TECHNOLOGIES INC has a neutral Appreciation Score of 52 and a neutral Power Rating of 44, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment