Why Intel Corporation (NASDAQ:INTC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.930 on Intel Corporation (NASDAQ:INTC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.410 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Intel Corporation (NASDAQ:INTC) stands at 14.923. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Intel Corporation, the PEG ratio for coming 3-5 years is 1.430. Technical Analysis The technical analysis highlights that Intel Corporation current price is trading $2.902 points away +9.061% from $32.033, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $31.234 and, for now, the stock price is trading $3.701 or +11.850% away from that point. The 52-week high of Intel Corporation (NASDAQ:INTC) was $35.590 while lowest point recorded in 52-week was $24.870. It implies if stock price makes a movement of over $-0.655, it will record a new 52-week high. In the case of $+40.470% points drop, it will touch a new 52-week low.

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