Akamai Technologies Stock Working Capital
AKAM Stock | USD 108.76 0.87 0.79% |
Akamai Technologies fundamentals help investors to digest information that contributes to Akamai Technologies' financial success or failures. It also enables traders to predict the movement of Akamai Stock. The fundamental analysis module provides a way to measure Akamai Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Akamai Technologies stock.
As of the 28th of March 2024, Net Working Capital is likely to drop to about 929 M. In addition to that, Change In Working Capital is likely to grow to about (124.2 M). Akamai | Working Capital |
Akamai Working Capital Analysis
Akamai Technologies' Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.2B | 2.2B | 2.2B | 2.3B | Total Revenue | 3.5B | 3.6B | 3.8B | 4.0B |
Working Capital | = | Current Assets | - | Current Liabilities |
Current Akamai Technologies Working Capital | 968.82 M |
Most of Akamai Technologies' fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Akamai Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Akamai Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for Akamai Technologies is extremely important. It helps to project a fair market value of Akamai Stock properly, considering its historical fundamentals such as Working Capital. Since Akamai Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Akamai Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Akamai Technologies' interrelated accounts and indicators.
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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Akamai Capital Surpluse
Capital Surpluse |
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In accordance with the company's disclosures, Akamai Technologies has a Working Capital of 968.82 M. This is 90.09% lower than that of the IT Services sector and significantly higher than that of the Information Technology industry. The working capital for all United States stocks is 34.46% higher than that of the company.
Akamai Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Akamai Technologies' direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Akamai Technologies could also be used in its relative valuation, which is a method of valuing Akamai Technologies by comparing valuation metrics of similar companies.Akamai Technologies is currently under evaluation in working capital category among related companies.
Akamai Technologies ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Akamai Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Akamai Technologies' managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Akamai Fundamentals
Return On Equity | 0.12 | ||||
Return On Asset | 0.0486 | ||||
Profit Margin | 0.14 % | ||||
Operating Margin | 0.19 % | ||||
Current Valuation | 20.04 B | ||||
Shares Outstanding | 151.53 M | ||||
Shares Owned By Insiders | 1.84 % | ||||
Shares Owned By Institutions | 98.88 % | ||||
Number Of Shares Shorted | 7.45 M | ||||
Price To Earning | 29.46 X | ||||
Price To Book | 3.56 X | ||||
Price To Sales | 4.29 X | ||||
Revenue | 3.81 B | ||||
Gross Profit | 2.24 B | ||||
EBITDA | 1.27 B | ||||
Net Income | 547.63 M | ||||
Cash And Equivalents | 864.15 M | ||||
Cash Per Share | 5.50 X | ||||
Total Debt | 4.54 B | ||||
Debt To Equity | 0.74 % | ||||
Current Ratio | 2.25 X | ||||
Book Value Per Share | 30.40 X | ||||
Cash Flow From Operations | 1.35 B | ||||
Short Ratio | 3.55 X | ||||
Earnings Per Share | 3.52 X | ||||
Price To Earnings To Growth | 1.33 X | ||||
Target Price | 129.25 | ||||
Number Of Employees | 10.25 K | ||||
Beta | 0.72 | ||||
Market Capitalization | 16.37 B | ||||
Total Asset | 9.9 B | ||||
Retained Earnings | 2.47 B | ||||
Working Capital | 968.82 M | ||||
Current Asset | 1.25 B | ||||
Current Liabilities | 332.44 M | ||||
Z Score | 3.44 | ||||
Net Asset | 9.9 B |
About Akamai Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Akamai Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Akamai Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Akamai Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Last Reported | Projected for 2024 | ||
Net Working Capital | 968.8 M | 929 M | |
Change In Working Capital | -130.7 M | -124.2 M |
Akamai Technologies Investors Sentiment
The influence of Akamai Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Akamai. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Akamai Technologies' public news can be used to forecast risks associated with an investment in Akamai. The trend in average sentiment can be used to explain how an investor holding Akamai can time the market purely based on public headlines and social activities around Akamai Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Akamai Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Akamai Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Akamai Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Akamai Technologies.
Akamai Technologies Implied Volatility | 22.55 |
Akamai Technologies' implied volatility exposes the market's sentiment of Akamai Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Akamai Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Akamai Technologies stock will not fluctuate a lot when Akamai Technologies' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Akamai Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Akamai Technologies' short interest history, or implied volatility extrapolated from Akamai Technologies options trading.
Pair Trading with Akamai Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Akamai Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Akamai Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Akamai Stock
0.8 | DTSS | Datasea | PairCorr |
0.65 | SQ | Block Inc Financial Report 2nd of May 2024 | PairCorr |
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0.56 | MOGO | Mogo Inc Financial Report 9th of May 2024 | PairCorr |
0.55 | DOCN | DigitalOcean Holdings Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Akamai Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akamai Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Akamai Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Akamai Technologies to buy it.
The correlation of Akamai Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Akamai Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akamai Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Akamai Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Akamai Technologies Piotroski F Score and Akamai Technologies Altman Z Score analysis. To learn how to invest in Akamai Stock, please use our How to Invest in Akamai Technologies guide.Note that the Akamai Technologies information on this page should be used as a complementary analysis to other Akamai Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Akamai Stock analysis
When running Akamai Technologies' price analysis, check to measure Akamai Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Akamai Technologies is operating at the current time. Most of Akamai Technologies' value examination focuses on studying past and present price action to predict the probability of Akamai Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akamai Technologies' price. Additionally, you may evaluate how the addition of Akamai Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Akamai Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akamai Technologies. If investors know Akamai will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akamai Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.257 | Earnings Share 3.52 | Revenue Per Share 24.995 | Quarterly Revenue Growth 0.072 | Return On Assets 0.0486 |
The market value of Akamai Technologies is measured differently than its book value, which is the value of Akamai that is recorded on the company's balance sheet. Investors also form their own opinion of Akamai Technologies' value that differs from its market value or its book value, called intrinsic value, which is Akamai Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akamai Technologies' market value can be influenced by many factors that don't directly affect Akamai Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akamai Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Akamai Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akamai Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.