Ichor Holdings, Ltd. (NASDAQ:ICHR) is among the top stocks that may remain in focus today as the company shares are trading 3.59% or 0.81 points higher from last closing price of $22.56, reaching $23.37 at last check. Any clue why there is so much of action in the ICHR stock? The share price has risen in 3 of the last 5 days and is up 3.72% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -164,020 shares, and in total 153380 shares valued at $3.584 million were seen changing hands compared with 317400 shares valued at $7.161 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in ICHR stock for the next couple of days.
Ichor Holdings, Ltd. (ICHR) shares have notched a 3-month gain of about 3.72%, but has still advanced 38.4% year to date. By comparison, the stock sank -13.3% over the past 12 months, while it slipped -8.14% over the 1 month. The company’s market cap is around $502.41M, with its short interest ratio standing at 14.33%.
In the current trading session for ICHR, the stock witnessed two major price actions, it rose to a high of $23.42 and was down as much as $22.19 at one point. The high recorded is very low when compared to their 52-week high which is $14.23. The 52-week high is now at -14.31 distance from current price. Their recent low of $27.32 represents a 64.51% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ICHR is $28.14, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Ichor Holdings, Ltd. earned $1.69 per share in the trailing 12 months and has a P/E ratio of 13.83. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 4.67 and higher compared to the sector’s average of 9.82. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ICHR also has P/S multiple of 0.74. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 93.92x.
The company recorded an interesting insider sale transaction by the COO on Feb 25, 2019. A Securities and Exchanges Commission filings show that Kevin M. Canty sold a total of 1,750 ICHR shares that day for a sum of around $38,308. Ichor Holdings, Ltd. (ICHR) insiders have acquired 6,912 shares in the stock within the past three months. In total, individual insiders traded 8,662 shares in the business, which makes up 3.958% of 218,832 shares that were traded over a year. In the past 12 months, insiders have purchased 33,945 shares while the seller parted with 184,887 shares.
ICHR‘s last price was up 14.33% as compared to the average trading price of 50 days recorded at $20.44 while enlarging the period to 200 trading days, the average closing price was $23.22. At present, there are 22.27 million in the total number of common shares owned by the public and among those 21.97 million shares have been available to trade. The percentage of shares being held by the company management was 0.5% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (19.7%). It managed to keep its gross profit margin at 16.2% over the past 12 months.
When assessing the full upside of the ICHR stock, there is another set of technicals that should be looked into and considered. Its -4.97% decline from moving average of $24.59 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Ichor Holdings, Ltd. — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 2 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $28.1667 on shares of Ichor Holdings, Ltd. (NASDAQ:ICHR), which corresponds to 20.58% upside potential than its current market price of $23.37 and implies potential despite the recent advance in the price. However, their current target price has fallen from $29.2 a month ago and is down handily from the consensus target of $29 a quarter ago.
In the last five years, the EPS of the company has been roughly 50.5%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 9.91%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded a drop of -46.6%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards ICHR stock. Goldman Sachs Group Inc. added position in the company after it grew 11.3% or 130,707 shares of its common stock. The hedge fund now owns 145,477 shares worth $3,399,797, SEC documents show. Ellington Management Group LLC shored up assets in the stock as 8533.33 shares have been purchased, increasing its stake by 50% to 12,800 shares which are currently valued at $299,136. In addition, Essex Investment Management Co. LLC recently reported that it now owns 62,424 shares making a total of $1,458,849 based on the recent price. This refelects a change of -7.3% in their ownership.