Teradyne, Inc. (NASDAQ: TER)’s stock price has soared by 3.13 in relation to previous closing price of 107.82. Nevertheless, the company has seen a gain of 0.95% in its stock price over the last five trading days. InvestorPlace reported 2024-03-27 that With the equities market continuing to march higher, now may be an ideal time to consider sleeper stocks. Essentially, these are companies that attract little interest among investors.
Is It Worth Investing in Teradyne, Inc. (NASDAQ: TER) Right Now?
Teradyne, Inc. (NASDAQ: TER) has a higher price-to-earnings ratio of 40.67x compared to its average ratio. TER has 36-month beta value of 1.53. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for TER is 152.30M, and currently, short sellers hold a 3.56% ratio of that float. The average trading volume of TER on April 10, 2024 was 1.79M shares.
TER’s Market Performance
TER stock saw an increase of 0.95% in the past week, with a monthly gain of 4.78% and a quarterly increase of 5.01%. The volatility ratio for the week is 2.52%, and the volatility levels for the last 30 days are 2.50% for Teradyne, Inc. (TER). The simple moving average for the past 20 days is 3.10% for TER’s stock, with a 9.08% simple moving average for the past 200 days.
Analysts’ Opinion of TER
Many brokerage firms have already submitted their reports for TER stocks, with JP Morgan repeating the rating for TER by listing it as a “Neutral.” The predicted price for TER in the upcoming period, according to JP Morgan is $100 based on the research report published on February 15, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see TER reach a price target of $110. The rating they have provided for TER stocks is “Neutral” according to the report published on January 23rd, 2024.
BofA Securities gave a rating of “Underperform” to TER, setting the target price at $100 in the report published on December 15th of the previous year.
TER Trading at 6.73% from the 50-Day Moving Average
After a stumble in the market that brought TER to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.72% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +4.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.43% upper at present.
During the last 5 trading sessions, TER rose by +0.95%, which changed the moving average for the period of 200-days by +3.14% in comparison to the 20-day moving average, which settled at $108.09. In addition, Teradyne, Inc. saw 2.46% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TER starting from MATZ MARILYN, who purchase 13 shares at the price of $106.04 back on Mar 15 ’24. After this action, MATZ MARILYN now owns 14,326 shares of Teradyne, Inc., valued at $1,414 using the latest closing price.
MADDOCK ERNEST E, the Director of Teradyne, Inc., purchase 1,000 shares at $94.07 during a trade that took place back on Feb 01 ’24, which means that MADDOCK ERNEST E is holding 4,728 shares at $94,070 based on the most recent closing price.
Stock Fundamentals for TER
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.57 for the gross margin
The net margin for Teradyne, Inc. stands at 0.17. The total capital return value is set at 0.18. Equity return is now at value 18.03, with 12.84 for asset returns.
Based on Teradyne, Inc. (TER), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 25.78. The interest coverage ratio of the stock is -0.03.
Currently, EBITDA for the company is 633.46 million with net debt to EBITDA at -1.08. When we switch over and look at the enterprise to sales, we see a ratio of 6.12. The receivables turnover for the company is 6.33for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.28.
Conclusion
To put it simply, Teradyne, Inc. (TER) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
