The price-to-earnings ratio for IPG Photonics Corp (NASDAQ: IPGP) is 21.30x, which is above its average ratio. Moreover, the 36-month beta value for IPGP is 1.01. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for IPGP is 27.33M and currently, short sellers hold a 3.92% of that float. On June 19, 2024, IPGP’s average trading volume was 209.59K shares.
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IPGP) stock’s latest price update
IPG Photonics Corp (NASDAQ: IPGP)’s stock price has dropped by -4.10 in relation to previous closing price of 86.25. Nevertheless, the company has seen a loss of -2.97% in its stock price over the last five trading days. globenewswire.com reported 2024-05-23 that MARLBOROUGH, Mass., May 23, 2024 (GLOBE NEWSWIRE) — IPG Photonics (NASDAQ: IPGP), the world leader in fiber laser technology, today announced the launch of LightWELD 2000 XR, the fourth product offering within its handheld laser welding and cleaning product line.
IPGP’s Market Performance
IPGP’s stock has fallen by -2.97% in the past week, with a monthly drop of -6.66% and a quarterly drop of -5.78%. The volatility ratio for the week is 2.59% while the volatility levels for the last 30 days are 2.16% for IPG Photonics Corp. The simple moving average for the past 20 days is -3.95% for IPGP’s stock, with a -11.75% simple moving average for the past 200 days.
Analysts’ Opinion of IPGP
Many brokerage firms have already submitted their reports for IPGP stocks, with Citigroup repeating the rating for IPGP by listing it as a “Sell.” The predicted price for IPGP in the upcoming period, according to Citigroup is $74 based on the research report published on February 15, 2024 of the current year 2024.
Seaport Research Partners, on the other hand, stated in their research note that they expect to see IPGP reach a price target of $125. The rating they have provided for IPGP stocks is “Buy” according to the report published on January 25th, 2024.
Citigroup gave a rating of “Neutral” to IPGP, setting the target price at $111 in the report published on August 18th of the previous year.
IPGP Trading at -4.76% from the 50-Day Moving Average
After a stumble in the market that brought IPGP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.69% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares sank -6.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.36% lower at present.
During the last 5 trading sessions, IPGP fell by -2.97%, which changed the moving average for the period of 200-days by -23.67% in comparison to the 20-day moving average, which settled at $85.82. In addition, IPG Photonics Corp saw -23.80% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IPGP starting from Desmond Jeanmarie F., who sale 985 shares at the price of $85.20 back on May 30 ’24. After this action, Desmond Jeanmarie F. now owns 4,319 shares of IPG Photonics Corp, valued at $83,922 using the latest closing price.
Meurice Eric, the Director of IPG Photonics Corp, sale 788 shares at $89.30 during a trade that took place back on Apr 29 ’24, which means that Meurice Eric is holding 16,491 shares at $70,368 based on the most recent closing price.
Stock Fundamentals for IPGP
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.41 for the gross margin
The net margin for IPG Photonics Corp stands at 0.15. The total capital return value is set at 0.07. Equity return is now at value 7.82, with 6.94 for asset returns.
Based on IPG Photonics Corp (IPGP), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 16.58. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 5.15.
Currently, EBITDA for the company is 301.19 million with net debt to EBITDA at -2.01. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 6.48for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.52.
Conclusion
To wrap up, the performance of IPG Photonics Corp (IPGP) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
