Intel stock is underperforming the Nasdaq, down 56.2% from its 52-week high

From NASDAQ.: 2024-12-04 11:22:10

Intel Corporation, a leading tech company with a market cap of $96.9 billion, has seen its stock fall 56.2% from its 52-week high. Despite a recent 11.8% gain, Intel lags behind the Nasdaq Composite. The company’s revenues of $13.3 billion in Q3 exceeded expectations but still dropped 6.2% year-over-year.

Intel’s underperformance compared to the Nasdaq Composite extends beyond the short term, with stock prices down 55.3% in 2024. The company has been trading below its moving averages, indicating a bearish trend. Intel’s struggles are attributed to declining topline and earnings in recent years.

Despite reporting a $2 billion adjusted net loss, Intel’s stock rose 7.8% after Q3 results exceeded expectations. The company is focusing on cost reduction and organizational efficiency. Analysts maintain a “Hold” rating on Intel stock with a mean price target of $26.55, indicating an 18.2% premium to current levels.



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