Benchmark Electronics Inc. (NYSE: BHE)’s stock price has plunge by -0.23relation to previous closing price of 42.61. Nevertheless, the company has seen a -0.54% plunge in its stock price over the last five trading sessions. benzinga.com reported 2024-07-31 that Benchmark Electronics, Inc. BHE reported better-than-expected second-quarter earnings on Tuesday.
Is It Worth Investing in Benchmark Electronics Inc. (NYSE: BHE) Right Now?
The price-to-earnings ratio for Benchmark Electronics Inc. (NYSE: BHE) is above average at 22.77x, Company’s 36-month beta value is 1.00.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for BHE is 35.15M, and currently, short sellers hold a 3.12% ratio of that floaft. The average trading volume of BHE on September 02, 2024 was 365.06K shares.
BHE’s Market Performance
BHE stock saw a decrease of -0.54% in the past week, with a monthly decline of -2.63% and a quarterly a decrease of -1.30%. The volatility ratio for the week is 2.22%, and the volatility levels for the last 30 days are 3.11% for Benchmark Electronics Inc. (BHE). The simple moving average for the past 20 days is 2.03% for BHE’s stock, with a 26.46% simple moving average for the past 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 3.40% 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 -12.49% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +2.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.62% upper at present.
During the last 5 trading sessions, BHE fell by -0.54%, which changed the moving average for the period of 200-days by +73.44% in comparison to the 20-day moving average, which settled at $41.72. In addition, Benchmark Electronics Inc. saw 53.80% 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 7,073 shares at the price of $42.70 back on Aug 26 ’24. After this action, McCreary Jeffrey Stephen now owns 42,027 shares of Benchmark Electronics Inc., valued at $302,017 using the latest closing price.
McCreary Jeffrey Stephen, the Director of Benchmark Electronics Inc., sale 10,000 shares at $39.49 during a trade that took place back on May 08 ’24, which means that McCreary Jeffrey Stephen is holding 45,062 shares at $394,900 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 6.30, with 3.03 for asset returns.
Based on Benchmark Electronics Inc. (BHE), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 3.89.
Currently, EBITDA for the company is 159.88 million with net debt to EBITDA at 0.65. When we switch over and look at the enterprise to sales, we see a ratio of 0.6. The receivables turnover for the company is 4.93for trailing twelve months and the total asset turnover is 1.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.35.
Conclusion
In a nutshell, Benchmark Electronics Inc. (BHE) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
