IPG Photonics Corporation (NASDAQ:IPGP) is one of the hottest stocks trading today on the U.S. Markets as the company shares are 3.77% or 5.38 points higher from last closing price of $142.77, reaching $148.15 at last check. Any clue why there is so much of action in the IPGP stock? The share price has risen in 4 of the last 5 days and is up 4.91% 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 -64,900 shares, and in total 409700 shares valued at $60.697 million were seen changing hands compared with 474600 shares valued at $67.759 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 IPGP stock for the next couple of days.
IPG Photonics Corporation (IPGP) shares have notched a 3-month gain of about 4.91%, but has still advanced 26.02% year to date. By comparison, the stock sank -9.34% over the past 12 months, while it jumped 17.3% over the 1 month. The company’s market cap is around $7.64B, with its short interest ratio standing at 5.64%.
In the current trading session for IPGP, the stock witnessed two major price actions, it rose to a high of $148.98 and was down as much as $141.6 at one point. The high recorded is very low when compared to their 52-week high which is $104.64. The 52-week high is now at -18.7 distance from current price. Their recent low of $182.17 represents a 41.54% 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 IPGP is $168.37, this is below 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 IPG Photonics Corporation earned $5.84 per share in the trailing 12 months and has a P/E ratio of 25.37. 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 29.2 and lower compared to the sector’s average of 28.03. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. IPGP also has P/S multiple of 5.79. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.62x.
The company recorded an interesting insider sale transaction by the Insider on Aug 01, 2019. A Securities and Exchanges Commission filings show that Igor Samartsev sold a total of 800 IPGP shares that day for a sum of around $104,008. IPG Photonics Corporation (IPGP) insiders have acquired 86,890 shares in the stock within the past three months. In total, individual insiders traded 195,829 shares in the business, which makes up 54.421% of 359,839 shares that were traded over a year. In the past 12 months, insiders have purchased 177,016 shares while the seller parted with 182,823 shares.
IPGP‘s last price was up 5.96% as compared to the average trading price of 50 days recorded at $139.82 while enlarging the period to 200 trading days, the average closing price was $130.74. At present, there are 53.54 million in the total number of common shares owned by the public and among those 35.46 million shares have been available to trade. The percentage of shares being held by the company management was 14.8% while institutions stake was 68.5%. The company has generated positive returns on equity over the last 12 months (13.4%). It managed to keep its gross profit margin at 50.6% over the past 12 months.
When assessing the full upside of the IPGP stock, there is another set of technicals that should be looked into and considered. Its 19.5% gain from moving average of $123.97 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 2.17 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more 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 IPG Photonics Corporation — 5 analysts rate the stock as a buy with another 1 rating it strong buy. There are 6 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 $171.6667 on shares of IPG Photonics Corporation (NASDAQ:IPGP), which corresponds to 15.95% upside potential than its current market price of $148.15 and implies potential despite the recent advance in the price. However, their current target price has fallen from $171.6667 a month ago and is down handily from the consensus target of $185.9 a quarter ago.
In the last five years, the EPS of the company has been roughly 20.7%. 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 2.7%. The revenue of the company has risen at an average annualized rate of about 17.6 over the last five years. The company recently recorded a drop of -12%, but this figure is rather unattractive.