IPG Photonics Corp (NASDAQ: IPGP) is -29.68% lower on its value in year-to-date trading and has touched a low of $61.86 and a high of $111.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IPGP stock was last observed hovering at around $74.84 in the last trading session, with the day’s gains setting it 1.49%.
Currently trading at $76.33, the stock is -0.77% and -1.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 1.99% at the moment leaves the stock -4.63% off its SMA200. IPGP registered -30.31% loss for a year compared to 6-month loss of -7.61%. The firm has a 50-day simple moving average (SMA 50) of $77.6044 and a 200-day simple moving average (SMA200) of $80.10865.
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The stock witnessed a -1.88% gain in the last 1 month and extending the period to 3 months gives it a 8.41%, and is -0.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.29% over the week and 3.68% over the month.
IPG Photonics Corp (IPGP) has around 6180 employees, a market worth around $3.37B and $1.04B in sales. Fwd P/E is 35.88. Profit margin for the company is -14.20%. Distance from 52-week low is 23.40% and -31.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.96%).
with sales reaching $229.47M over the same period.The EPS is expected to shrink by -171.71% this year, but quarterly earnings will post -24.36% year-over-year. Quarterly sales are estimated to shrink -23.23% in year-over-year returns.
IPG Photonics Corp (IPGP) Top Institutional Holders
403.0 institutions hold shares in IPG Photonics Corp (IPGP), with institutional investors hold 100.52% of the company’s shares. The shares outstanding are 43.25M, and float is at 24.99M with Short Float at 6.79%. Institutions hold 60.44% of the Float.
The top institutional shareholder in the company is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with over 4.26 million shares valued at $359.09 million. The investor’s holdings represent 9.2584% of the IPGP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.19 million shares valued at $269.59 million to account for 6.9507 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.67 million shares representing 5.8099% and valued at over $225.34 million, while DIMENSIONAL FUND ADVISORS LP holds 2.1672 of the shares totaling 1.0 million with a market value of $84.05 million.
IPG Photonics Corp (IPGP) Insider Activity
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IPG Photonics Corp disclosed in a document filed with the SEC on May 30 ’24 that Desmond Jeanmarie F. (Director) sold a total of 985 shares of the company’s common stock. The trade occurred on May 30 ’24 and was made at $85.20 per share for $83922.0. Following the transaction, the insider now directly holds 4319.0 shares of the IPGP stock.
Still, SEC filings show that on Apr 29 ’24, Meurice Eric (Director) disposed off 788 shares at an average price of $89.30 for $70368.0. The insider now directly holds 16,491 shares of IPG Photonics Corp (IPGP).
