The stock of Idex Corporation (IEX) has gone up by 1.38% for the week, with a 4.82% rise in the past month and a 6.63% rise in the past quarter. The volatility ratio for the week is 1.50%, and the volatility levels for the past 30 days are 1.70% for IEX. The simple moving average for the last 20 days is 5.04% for IEX stock, with a simple moving average of -0.70% for the last 200 days.
Is It Worth Investing in Idex Corporation (NYSE: IEX) Right Now?
The price-to-earnings ratio for Idex Corporation (NYSE: IEX) is above average at 27.90x. The 36-month beta value for IEX is also noteworthy at 0.95. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IEX is 75.54M, and at present, short sellers hold a 1.03% of that float. The average trading volume of IEX on September 27, 2024 was 576.41K shares.
IEX) stock’s latest price update
Idex Corporation (NYSE: IEX)’s stock price has increased by 2.09 compared to its previous closing price of 209.04. However, the company has seen a 1.38% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-09-26 that NORTHBROOK, Ill.–(BUSINESS WIRE)–IDEX Corporation (NYSE:IEX) announced today that it has scheduled the broadcast of the company’s third quarter earnings conference call over the internet on Wednesday, October 30, 2024 at 9:30 a.m. CT. Chief Executive Officer and President Eric Ashleman and Senior Vice President and Chief Financial Officer Abhi Khandelwal will discuss the company’s third quarter financial performance, and respond to questions from the financial community. IDEX invites interest.
Analysts’ Opinion of IEX
Stifel, on the other hand, stated in their research note that they expect to see IEX reach a price target of $265, previously predicting the price at $215. The rating they have provided for IEX stocks is “Buy” according to the report published on February 08th, 2024.
Exane BNP Paribas gave a rating of “Neutral” to IEX, setting the target price at $200 in the report published on October 05th of the previous year.
IEX Trading at 6.08% 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 -13.37% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.50%, as shares surge +5.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.38% upper at present.
During the last 5 trading sessions, IEX rose by +1.38%, which changed the moving average for the period of 200-days by +4.18% in comparison to the 20-day moving average, which settled at $203.69. In addition, Idex Corporation saw -1.70% in overturn over a single year, with a tendency to cut further losses.
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 16.74, with 9.99 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 0.36. The interest coverage ratio of the stock is 16.19.
Currently, EBITDA for the company is 895.5 million with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 5.26. The receivables turnover for the company is 7.48for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.
Conclusion
In summary, Idex Corporation (IEX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
