The INTC stock price fluctuated between $52.94 and $53.92 throughout the trading session with the volume trading being 28M shares, which represented a positive variation when compared to the three months average volume of 24M shares.
The share price of Intel Corporation (NasdaqGS:INTC) dipped -0.21% to close Wednesday’s market session at $53.07, lower as compared to yesterday’s close which brings the market valuation of the company to $214.3B.
The 52-week high for the Intel Corporation’s shares is $68.49. That puts it -22.51% from that peak but still a good gain since the share price dropped to a 52-week low of $43.61, while the S&P 500’s share price change was of 35%.
The company currently has a 11.91 P/E ratio and a price target of $64.58.
What does the trading volume tell us about the INTC stock?
During the last trading session, Intel Corporation (NasdaqGS:INTC) has seen decay in its daily volume. The daily volume was of 24M, while in the last 10 days the average was 33.76M and last three months – 24.52M.
The decreasing interest in the INTC stock from the investors is helping to drive the stock price down.
Growing short interest
The Intel Corporation’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 59.99M shares being shorted which translates into 2.38 of a short ratio for INTC, while in the previous month the shorted shares were 50.07M.
Intel Corporation (NasdaqGS:INTC) financials
With a market cap of 214.3B, Intel Corporation holds a total cash of $22.4B that translates into $5.55 per share, while the total debt is of $35.88B.
The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -0.80%. The current revenue is of $77.71B that is $18.74 per share.
This is a not so good sign for the future.