The stock of Idex Corporation (IEX) has seen a 2.02% increase in the past week, with a -4.81% drop in the past month, and a -1.46% decrease in the past quarter. The volatility ratio for the week is 1.18%, and the volatility levels for the past 30 days are at 1.74% for IEX. The simple moving average for the past 20 days is -0.02% for IEX’s stock, with a 3.62% simple moving average for the past 200 days.
Is It Worth Investing in Idex Corporation (NYSE: IEX) Right Now?
Idex Corporation (NYSE: IEX) has a price-to-earnings ratio that is above its average at 29.54x. The stock has a 36-month beta value of 1.00. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for IEX is 75.54M, and at present, short sellers hold a 0.94% of that float. On May 10, 2024, the average trading volume of IEX was 362.03K shares.
IEX) stock’s latest price update
The stock of Idex Corporation (NYSE: IEX) has increased by 0.96 when compared to last closing price of 222.74.Despite this, the company has seen a gain of 2.02% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-24 that IDEX Corporation (NYSE:IEX ) Q1 2024 Earnings Conference Call April 24, 2024 10:30 AM ET Company Participants Wendy Palacios – Vice President-FP&A and Investor Relations Eric Ashleman – Chief Executive Officer and President Abhi Khandelwal – Senior Vice President and Chief Financial Officer Conference Call Participants Mike Halloran – Robert W. Baird Deane Dray – RBC Capital Markets Vlad Bystricky – Citigroup Nathan Jones – Stifel Joe Giordano – TD Cowen Matt Summerville – D.A.
Analysts’ Opinion of IEX
Many brokerage firms have already submitted their reports for IEX stocks, with Stifel repeating the rating for IEX by listing it as a “Buy.” The predicted price for IEX in the upcoming period, according to Stifel is $265 based on the research report published on February 08, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see IEX reach a price target of $200. The rating they have provided for IEX stocks is “Neutral” according to the report published on October 05th, 2023.
Stifel gave a rating of “Hold” to IEX, setting the target price at $188 in the report published on July 18th of the previous year.
IEX Trading at -3.87% from the 50-Day Moving Average
After a stumble in the market that brought IEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.72% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.18%, as shares sank -3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.70% lower at present.
During the last 5 trading sessions, IEX rose by +1.99%, which changed the moving average for the period of 200-days by +6.05% in comparison to the 20-day moving average, which settled at $224.54. In addition, Idex Corporation saw 3.58% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for IEX
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.44 for the gross margin
The net margin for Idex Corporation stands at 0.18. The total capital return value is set at 0.13. Equity return is now at value 16.87, with 10.01 for asset returns.
Based on Idex Corporation (IEX), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 14.72.
Currently, EBITDA for the company is 895.5 million with net debt to EBITDA at 0.84. When we switch over and look at the enterprise to sales, we see a ratio of 5.5. The receivables turnover for the company is 7.37for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.37.
Conclusion
To sum up, Idex Corporation (IEX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
