Benchmark Electronics Inc. (NYSE: BHE) has a higher price-to-earnings ratio of 21.78x compared to its average ratio, The 36-month beta value for BHE is at 1.00. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for BHE is 35.08M, and currently, shorts hold a 2.34% of that float. The average trading volume for BHE on June 19, 2024 was 317.91K shares.
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BHE) stock’s latest price update
Benchmark Electronics Inc. (NYSE: BHE)’s stock price has decreased by -0.60 compared to its previous closing price of 40.18. However, the company has seen a -1.41% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-10 that Second quarter 2024 cash dividend of $0.165 per share TEMPE, Ariz., June 10, 2024 /PRNewswire/ — Benchmark Electronics, Inc. (NYSE: BHE) today announced that its Board of Directors declared a quarterly dividend of $0.165 per share, payable on July 12, 2024, to shareholders of record at the close of business on June 28, 2024.
BHE’s Market Performance
BHE’s stock has fallen by -1.41% in the past week, with a monthly drop of -3.03% and a quarterly rise of 36.69%. The volatility ratio for the week is 2.26% while the volatility levels for the last 30 days are 2.48% for Benchmark Electronics Inc. The simple moving average for the last 20 days is -4.65% for BHE stock, with a simple moving average of 36.36% for the last 200 days.
Analysts’ Opinion of BHE
Sidoti, on the other hand, stated in their research note that they expect to see BHE reach a price target of $33. The rating they have provided for BHE stocks is “Neutral” according to the report published on April 29th, 2024.
Fox Advisors gave a rating of “Overweight” to BHE, setting the target price at $35 in the report published on August 24th of the previous year.
BHE Trading at 7.79% from the 50-Day Moving Average
After a stumble in the market that brought BHE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.95% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -4.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.53% upper at present.
During the last 5 trading sessions, BHE fell by -1.41%, which changed the moving average for the period of 200-days by +55.17% in comparison to the 20-day moving average, which settled at $41.79. In addition, Benchmark Electronics Inc. saw 44.50% 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 BHE starting from McCreary Jeffrey Stephen, who sale 10,000 shares at the price of $39.49 back on May 08 ’24. After this action, McCreary Jeffrey Stephen now owns 45,062 shares of Benchmark Electronics Inc., valued at $394,900 using the latest closing price.
JANICK JAN M, the SVP, Chief Technology Officer of Benchmark Electronics Inc., sale 6,777 shares at $38.87 during a trade that took place back on May 07 ’24, which means that JANICK JAN M is holding 67,774 shares at $263,422 based on the most recent closing price.
Stock Fundamentals for BHE
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.1 for the gross margin
The net margin for Benchmark Electronics Inc. stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 6.22, with 2.94 for asset returns.
Based on Benchmark Electronics Inc. (BHE), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 3.63.
Currently, EBITDA for the company is 159.88 million with net debt to EBITDA at 0.89. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 4.71for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
In conclusion, Benchmark Electronics Inc. (BHE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
