Entegris Inc (NASDAQ: ENTG)’s stock price has decreased by -1.34 compared to its previous closing price of 131.00. However, the company has seen a -5.00% decrease in its stock price over the last five trading sessions. Business Wire reported 2024-04-17 that BILLERICA, Mass.–(BUSINESS WIRE)–Entegris, Inc. (NASDAQ: ENTG), will release its financial results for the first quarter of 2024, before the opening of the market on Wednesday, May 1, 2024. A teleconference with management is scheduled for the same day at 9:00am ET. Participants should dial + 1-800-267-6316 or 203-518-9783 and reference Conference ID: ENTGQ124. Participants are asked to dial-in 5 to 10 minutes prior to the start of the call. For the live webcast and replay of the call, please.
Is It Worth Investing in Entegris Inc (NASDAQ: ENTG) Right Now?
The price-to-earnings ratio for Entegris Inc (NASDAQ: ENTG) is above average at 108.53x. The 36-month beta value for ENTG is also noteworthy at 1.31. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ENTG is 149.73M, and at present, short sellers hold a 2.80% of that float. The average trading volume of ENTG on April 18, 2024 was 1.42M shares.
ENTG’s Market Performance
ENTG’s stock has seen a -5.00% decrease for the week, with a -4.30% drop in the past month and a 15.79% gain in the past quarter. The volatility ratio for the week is 3.17%, and the volatility levels for the past 30 days are at 2.89% for Entegris Inc The simple moving average for the last 20 days is -6.19% for ENTG stock, with a simple moving average of 16.22% for the last 200 days.
Analysts’ Opinion of ENTG
Many brokerage firms have already submitted their reports for ENTG stocks, with Wolfe Research repeating the rating for ENTG by listing it as a “Outperform.” The predicted price for ENTG in the upcoming period, according to Wolfe Research is $160 based on the research report published on March 01, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see ENTG reach a price target of $140. The rating they have provided for ENTG stocks is “Neutral” according to the report published on February 20th, 2024.
Craig Hallum gave a rating of “Buy” to ENTG, setting the target price at $150 in the report published on February 15th of the current year.
ENTG Trading at -4.34% from the 50-Day Moving Average
After a stumble in the market that brought ENTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.02% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -3.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.06% upper at present.
During the last 5 trading sessions, ENTG fell by -5.00%, which changed the moving average for the period of 200-days by +16.63% in comparison to the 20-day moving average, which settled at $137.57. In addition, Entegris Inc saw 7.87% 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 ENTG starting from LEDERER JAMES P, who sale 1,500 shares at the price of $146.21 back on Mar 08 ’24. After this action, LEDERER JAMES P now owns 17,902 shares of Entegris Inc, valued at $219,315 using the latest closing price.
GENTILCORE JAMES, the Director of Entegris Inc, sale 2,567 shares at $145.03 during a trade that took place back on Mar 07 ’24, which means that GENTILCORE JAMES is holding 13,967 shares at $372,292 based on the most recent closing price.
Stock Fundamentals for ENTG
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.42 for the gross margin
The net margin for Entegris Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 5.45, with 1.91 for asset returns.
Based on Entegris Inc (ENTG), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.34. The interest coverage ratio of the stock is 1.92.
Currently, EBITDA for the company is 881.7 million with net debt to EBITDA at 5.47. When we switch over and look at the enterprise to sales, we see a ratio of 6.72. The receivables turnover for the company is 7.71for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.85.
Conclusion
In summary, Entegris Inc (ENTG) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
