Qualys, Inc. (NASDAQ:QLYS) is now worth $3.15B thanks to -14.63% drop in recent trade and currently has a price tag of $82.31. The shares traded as low as $80.26 and had $85.8 an intraday high earlier Wednesday. Trading activity significantly improved as the volume at ready counter increased to 3,470,703 shares versus 494,925 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 445,120 shares. The stock is now 33.4% above against its bear-market low of $61.7 on December 24, 2018. It has retreated -19.43% since it’s 52-week high of $98.3 reached in July. Now the market price is up 31.49% on the year and up 10.13% YTD.

QLYS’s 50 day simple moving average (SMA 50) price is $79.88 and its 200-day simple moving average (SMA 200) price is $82.4. The company’s stock currently has a total float of 33.59M shares. Its weekly volatility is hovering around 3.55% and felt 3.31% volatility in price over a month. On the upside, the share price will test short term resistance at around $85.32. On a downside, the stock is likely to find some support, which begins at $79.78. The failure to get near-term support could push it to $77.25.

Separately, it has been reported that multiple insider activity took place at Qualys, Inc. (QLYS). Director Hank Jeffrey P sold 11,250 shares for $8,743 in transaction occurred on 2019/02/11. After making this transaction, the Director owns a direct stake of 1,061,775 shares, worth $719,636, as per the last closing price. On 2019/02/11 Thakar Sumedh S, Chief Product Officer at QLYS, dumped 4,304 shares at an average price of $94.61 per share. The selling total is valued at $16,626,208.

VP, GC and Corp. Sec., Posey Bruce K had divested 2,000 shares for $61,578 through a trade on 2019/02/08. Following this activity, the insider holds 187,160 shares worth $5,068,485 as of recent close. Wall Street’s most bullish Qualys, Inc. (NASDAQ:QLYS) analysts are predicting the share price to blow past $112 per share during the next 12 months. The current median share price forecast by them is $90, suggesting that the stock could increase 9.34% in that time frame. The average price target of $91.53 calls for a nearly 11.2% increase in the stock price.

It had seen a negative analyst call from JP Morgan, which downgraded the stock from Neutral to Underweight on February 13. Analysts at BTIG Research, shed their positive views on February 13 by lowering it fromBuy to Neutral. The stock won favor of JMP Securities analysts who expressed their confidence in it using an upgrade from Mkt Perform to Mkt Outperform on January 04.

When looking at valuations, Qualys, Inc. (QLYS) has a pricey P/E of 61.52x as compared to industry average of 20.65x. Moreover, it trades for 44.32 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 8.62x price/book and 11.77x price/sales. Compared to others, Qualys, Inc. is in a different league with regards to profitability, having net margins of 17.1%. To put some perspective around this, the industry’s average net margin is 11.09%. QLYS’s ROE is 12.6%, which is also considerably worse than the industry’s ROE of 12.75%. It’s also very liquid in the near term, with a current ratio of 2.2. The stock has a debt/capital of 0.

QLYS last reported earnings on February 12, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $0.51 per share, -98.16% change on the same period last year. That was better than consensus for $0.4. Revenue for the recent quarter stood at $74.2 million, up 18% on last year and above the $74.13 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $74.8 million to $78.5 million, which should be compared with $73.88 million generated last year. EPS is seen in a range of $0.4 to $0.46, against the $0.33 reported a year ago.