On Monday, IPG Photonics Corp (NASDAQ: IPGP) opened higher 3.19% from the last session, before settling in for the closing price of $76.82. Price fluctuations for IPGP have ranged from $61.86 to $111.11 over the past 52 weeks.
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Annual sales at Technology sector company slipped by -1.81% over the past five years. Company’s average yearly earnings per share was noted -69.37% at the time writing. With a float of $25.96 million, this company’s outstanding shares have now reached $46.32 million.
Let’s look at the performance matrix of the company that is accounted for 6180 employees. In terms of profitability, gross margin is 41.02%, operating margin of 10.69%, and the pretax margin is 15.19%.
IPG Photonics Corp (IPGP) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Semiconductor Equipment & Materials industry is another important factor to consider. The insider ownership of IPG Photonics Corp is 41.29%, while institutional ownership is 60.87%. The most recent insider transaction that took place on May 30 ’24, was worth 83,922. In this transaction Director of this company sold 985 shares at a rate of $85.20, taking the stock ownership to the 4,319 shares. Before that another transaction happened on Apr 29 ’24, when Company’s Director sold 788 for $89.30, making the entire transaction worth $70,368. This insider now owns 16,491 shares in total.
IPG Photonics Corp (IPGP) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.01) by 0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -69.37% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.76% during the next five years compared to -8.92% drop over the previous five years of trading.
IPG Photonics Corp (NASDAQ: IPGP) Trading Performance Indicators
Check out the current performance indicators for IPG Photonics Corp (IPGP). In the past quarter, the stock posted a quick ratio of 6.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.16. Likewise, its price to free cash flow for the trailing twelve months is 17.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.02, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 2.28 in one year’s time.
Technical Analysis of IPG Photonics Corp (IPGP)
IPG Photonics Corp (NASDAQ: IPGP) saw its 5-day average volume 0.34 million, a positive change from its year-to-date volume of 0.27 million. As of the previous 9 days, the stock’s Stochastic %D was 78.03%. Additionally, its Average True Range was 1.79.
During the past 100 days, IPG Photonics Corp’s (IPGP) raw stochastic average was set at 57.37%, which indicates a significant decrease from 96.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.45% in the past 14 days, which was lower than the 34.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $71.13, while its 200-day Moving Average is $83.18. Nevertheless, the first resistance level for the watch stands at $80.15 in the near term. At $81.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $82.61. If the price goes on to break the first support level at $77.69, it is likely to go to the next support level at $76.11. The third support level lies at $75.23 if the price breaches the second support level.
IPG Photonics Corp (NASDAQ: IPGP) Key Stats
There are currently 45,568K shares outstanding in the company with a market cap of 3.51 billion. Presently, the company’s annual sales total 1,287 M according to its annual income of 218,880 K. Last quarter, the company’s sales amounted to 257,650 K and its income totaled 20,150 K.
