Eltek Ltd. (NASDAQ:ELTK) is in the list of top stocks to trade today as the company shares are trading 5.46% or 0.22 points up from last closing price of $4.03, reaching $4.25 at last check. The ELTK share price has risen in 2 of the last 5 days and is up 82.35% 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 -42,042 shares, and in total 110658 shares valued at $470297 were seen changing hands compared with 152700 shares valued at $615381 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 ELTK stock for the next couple of days.
Eltek Ltd. (ELTK) shares have notched a 3-month gain of about 82.35%, but has still advanced 90.1% year to date. By comparison, the stock sank -1.47% over the past 12 months, while it jumped 144.24% over the 1 month. The company’s market cap is around $21M, with its short interest ratio standing at 0.09%.
In the current trading session for ELTK, the stock witnessed two major price actions, it rose to a high of $4.4284 and was down as much as $3.85 at one point. The high recorded is very low when compared to their 52-week high which is $1.28. The 52-week high is now at -63.58 distance from current price. Their recent low of $11.56 represents a 228.91% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Eltek Ltd. earned $-0.84 per share in the trailing 12 months and has a P/E ratio of -5.06. 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 lower than the ones recorded by the industry which is 165.95 and lower compared to the sector’s average of 980.65. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ELTK also has P/S multiple of 0.66. 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 8.21x.
ELTK‘s last price was up 45.34% as compared to the average trading price of 50 days recorded at $2.92 while enlarging the period to 200 trading days, the average closing price was $2.72. At present, there are 5.21 million in the total number of common shares owned by the public and among those 1.52 million shares have been available to trade. The percentage of shares being held by the company management was 25.3% while institutions stake was 1.5%. The company has generated negative returns on equity over the last 12 months (-129.3%). It managed to keep its gross profit margin at 10.9% over the past 12 months.
When assessing the full upside of the ELTK stock, there is another set of technicals that should be looked into and considered. Its -6.76% decline from moving average of $4.56 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of -4.65 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.
In the last five years, the EPS of the company has been roughly -20%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -7.5 over the last five years. The company recently recorded a drop of -2.2%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards ELTK stock. Renaissance Technologies LLC trimmed position in the company after it dumped -72.3% or 114,083 shares of its common stock. The hedge fund now owns 31,601 shares worth $134,304, SEC documents show.