Intel Corp. (NASDAQ: INTC) Shares Could Drop Up To -133.99%

In today’s recent session, 10.32 million shares of the Intel Corp. (NASDAQ:INTC) have been traded, and its beta is 1.05. Most recently the company’s share price was $30.77, and it changed around $0.2 or 0.67% from the last close, which brings the market valuation of the company to $131.01B. INTC at last check was trading at a discount to its 52-week high of $51.28, offering almost -66.66% off that amount. The share price’s 52-week low was $29.73, which indicates that the recent value has risen by an impressive 3.38% since then. We note from Intel Corp.’s average daily trading volume that its 3-month average coming to 49.21 million.

Intel Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 2.66. If we narrow it down even further, the data shows that 3 out of 41 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 13 recommended INTC as a Hold, whereas 18 deemed it a Buy, and 2 rated it as Underweight. Intel Corp. is expected to report earnings per share of 0.1 for the current quarter.

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Intel Corp. (NASDAQ:INTC) trade information

Instantly INTC has been showing a green trend so far today with a performance of 0.67% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -38.76% year-to-date, but still down -0.66% over the last five days. On the other hand, Intel Corp. (NASDAQ:INTC) is 2.31% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $40.88, which translates to bulls needing to increase their stock price by 24.73% from its current value. Analyst projections state that INTC is forecast to be at a low of $17 and a high of $72.

Intel Corp. (INTC) estimates and forecasts

Intel Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -34.63 percent over the past six months and at a 0.00% annual growth rate that is well above the industry average of -17.20%. The year-over-year growth rate is expected to be 2.90%, up from the previous year.

Consensus estimates provided by 31 financial analysts predict the company will bring in an average of 12.98B in revenue for the current quarter. 31 analysts expect Intel Corp. to make 14.41B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 0.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -38.29%. Intel Corp. earnings are expected to increase by 6.14% in 2024, but the outlook is positive 39.84% per year for the next five years.

INTC Dividends

Intel Corp.’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 1.62 percent and its annual dividend per share was 0.50. It is important to note, however, that the 1.62% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.