NeoPhotonics Corporation (NYSE:NPTN) has a beta value of 1.02 and has seen 1,463,804 shares traded in the last trading session. The company, currently valued at $462.64 Million, closed the last trade at $9.02 per share which meant it lost -$0.34 on the day or -3.63% during that session. The NPTN stock price is -56.76% off its 52-week high price of $14.14 and 36.25% above the 52-week low of $5.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.13 Million shares traded. The 3-month trading volume is 1.01 Million shares.
The consensus among analysts is that NeoPhotonics Corporation (NPTN) is an Overweight stock at the moment, with a recommendation rating of 2.4. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 11 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.21.
NeoPhotonics Corporation (NYSE:NPTN) trade information
Despite being -3.63% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the NPTN stock price touched $12.29- or saw a rise of 26.61%. Year-to-date, NeoPhotonics Corporation shares have moved -0.77%, while the 5-day performance has seen it change -25.58%. Over the past 30 days, the shares of NeoPhotonics Corporation (NYSE:NPTN) have changed -29.25%. Short interest in the company has seen 1.86 Million shares shorted with days to cover at 1.84.
Wall Street analysts have a consensus price target for the stock at $13.95, which means that the shares’ value could jump 54.66% from current levels. The projected low price target is $11 while the price target rests at a high of $16. In that case, then, we find that the current price level is +77.38% off the targeted high while a plunge would see the stock lose 21.95% from current levels.
NeoPhotonics Corporation (NPTN) estimates and forecasts
Figures show that NeoPhotonics Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +28.67% over the past 6 months, with this year growth rate of -180.65%, compared to 23.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -231.2% and -145.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -22.8%.
12 analysts offering their estimates for the company have set an average revenue estimate of $62.72 Million for the current quarter. 12 have an estimated revenue figure of $75.6 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $99.5 Million for this quarter, and analysts expect sales will grow by -37% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -24% over the past 5 years. Earnings growth for 2021 is a modest +75.6% while over the next 5 years, the company’s earnings are expected to increase by 15%.
NeoPhotonics Corporation (NYSE:NPTN)’s Major holders
Insiders own 2.73% of the company shares, while shares held by institutions stand at 85.29% with a share float percentage of 87.69%. Investors are also buoyed by the number of investors in a company, with NeoPhotonics Corporation having a total of 198 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 3.71 Million shares worth more than $33.77 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 7.24% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 3.52 Million shares as of December 30, 2020. The firm’s total holdings are worth over $32.03 Million and represent 6.87% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Wasatch Microcap Fund and Vanguard Total Stock Market Index Fund. As of December 30, 2020, the former fund manager holds about 2.64% shares in the company for having 1355559 shares of worth $12.32 Million while later fund manager owns 1.25 Million shares of worth $11.39 Million as of December 30, 2020, which makes it owner of about 2.44% of company’s outstanding stock.