IPG Photonics Corporation (NASDAQ:IPGP) has a beta value of 1.32 and has seen 0.48 million shares traded in the last trading session. The company, currently valued at $9.27B, closed the last trade at $174.22 per share which meant it gained $0.86 on the day or 0.50% during that session. The IPGP stock price is -50.7% off its 52-week high price of $262.55 and 10.18% above the 52-week low of $156.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.27 million shares traded. The 3-month trading volume is 335.36K shares.
The consensus among analysts is that IPG Photonics Corporation (IPGP) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 13 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.41.
IPG Photonics Corporation (NASDAQ:IPGP) trade information
Sporting 0.50% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the IPGP stock price touched $174.22 or saw a rise of 0.7%. Year-to-date, IPG Photonics Corporation shares have moved -22.15%, while the 5-day performance has seen it change 1.04%. Over the past 30 days, the shares of IPG Photonics Corporation (NASDAQ:IPGP) have changed -5.12%. Short interest in the company has seen 1.51 million shares shorted with days to cover at 4.93.
Wall Street analysts have a consensus price target for the stock at $221.63, which means that the shares’ value could jump 21.39% from current levels. The projected low price target is $190.00 while the price target rests at a high of $260.00. In that case, then, we find that the current price level is -49.24% off the targeted high while a plunge would see the stock gain -9.06% from current levels.
IPG Photonics Corporation (IPGP) estimates and forecasts
Figures show that IPG Photonics Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -11.79% over the past 6 months, with this year growth rate of 34.38%, compared to 32.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 98.60% and 95.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 20.70%.
10 analysts offering their estimates for the company have set an average revenue estimate of $377.94 million for the current quarter. 9 have an estimated revenue figure of $368.8 million for the next quarter concluding in Sep 2021. Year-ago sales stood $296.41 million and $304 million respectively for this quarter and the next, and analysts expect sales will grow by 27.50% for the current quarter and 21.30% for the next.
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 -8.10% over the past 5 years. Earnings growth for 2021 is a modest -11.40% while over the next 5 years, the company’s earnings are expected to increase by 42.00%.
IPG Photonics Corporation is expected to release its next earnings report between October 28 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
IPG Photonics Corporation (NASDAQ:IPGP)’s Major holders
Insiders own 32.57% of the company shares, while shares held by institutions stand at 64.96% with a share float percentage of 96.34%. Investors are also buoyed by the number of investors in a company, with IPG Photonics Corporation having a total of 646 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 3.77 million shares worth more than $843.23 million. As of Dec 30, 2020, Vanguard Group, Inc. (The) held 7.04% of shares outstanding.
The other major institutional holder is AllianceBernstein, L.P., with the holding of over 3.07 million shares as of Dec 30, 2020. The firm’s total holdings are worth over $686.46 million and represent 5.73% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are First Eagle Global Fund and Vanguard Total Stock Market Index Fund. As of Jan 30, 2021, the former fund manager holds about 2.12% shares in the company for having 1.13 million shares of worth $253.19 million while later fund manager owns 0.98 million shares of worth $218.7 million as of Dec 30, 2020, which makes it owner of about 1.83% of company’s outstanding stock.