With 0.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. The 52-week range on IPGP shows that it touched its highest point at $92.21 and its lowest point at $48.59 during that stretch. It currently has a 1-year price target of $69.00. Beta for the stock currently stands at 0.88.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IPGP was down-trending over the past week, with a drop of -3.36%, but this was up by 11.22% over a month. Three-month performance dropped to -19.30% while six-month performance fell -29.66%. The stock lost -33.29% in the past year, while it has lost -20.41% so far this year. A look at the trailing 12-month EPS for IPGP yields -4.61 with Next year EPS estimates of 1.71. For the next quarter, that number is 0.11. This implies an EPS growth rate of 124.02% for this year and 74.34% for next year.
Float and Shares Shorts:
At present, 42.73 million IPGP shares are outstanding with a float of 24.63 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IPGP since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$3.99571 being high and -$4.15769 being low. For IPGP, this leads to a yearly average estimate of -$4.0767.
