Intel Corp. shares surged nearly +3% Friday, following an upgrade by Morgan Stanley.
Morgan Stanley analyst Joseph Moore mentioned in a note to clients that he was revising rating on Intel to overweight from equal weight. He also raised price target for Intel stock to $64 a share from $55 a share, while expressing optimism about the chipmaker’s interim CEO Bob Swan, referring to him as “a more financially oriented CEO”.
Swan took over the role of CEO around January-end, following the June 2018 resignation of Brian Krzanich. According to Intel, Krzanich violated Intel's non-fraternization policy. Swan, 58, had served as chief financial officer at eBay Inc. for nine years, before joining Intel in 2016.
With regards to the rating upgrade, Moore also appreciated what he felt was Intel’s increased focus on free cash flow over earnings, alongwith better M&A accretion. Moore said, "we see the multiple expanding from 12x to 14x in our base case.”
INTC moved below its 50-day moving average on April 03, 2024 date and that indicates a change from an upward trend to a downward trend. In of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on April 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on INTC as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for INTC turned negative on April 03, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for INTC entered a downward trend on April 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INTC advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
INTC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.387) is normal, around the industry mean (6.370). P/E Ratio (86.025) is within average values for comparable stocks, (109.575). INTC's Projected Growth (PEG Ratio) (0.419) is slightly lower than the industry average of (2.498). Dividend Yield (0.014) settles around the average of (0.021) among similar stocks. P/S Ratio (2.672) is also within normal values, averaging (36.504).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. INTC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. INTC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of computer components and related products
Industry Semiconductors