IPG Photonics Corporation (NASDAQ:IPGP) is a stock to watch today. At current price of $134.65, the shares have already added 4.69 points (3.61% higher) from its previous close of $129.96. The stock sets an active trading volume day with a reported 155129 contracts so far this session. IPGP shares had a relatively better volume day versus average trading capacity of 457.5 thousand shares, but with a 35.46 million float and a 0.92% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for IPGP stock indicates that the average analyst price target is $172.51 per share. This means the stock has a potential increase of 28.12% from where the IPGP share price has been trading recently which is between $127 and $131.42. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $127. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $201.
During the recent trading session for IPG Photonics Corporation (NASDAQ:IPGP), the company witnessed their stock rise $3.06 over a week and tumble down $-11.46 from the price 20 days ago. When compared to their established 52-week high of $182.17, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/22/19. The recent low of $104.64 stood for a -26.08% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.17 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for IPGP is set at $175, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for IPG Photonics Corporation, the two-week RSI stands at 54.88. This figure suggests that IPGP stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current IPGP readings is similarly very revealing as it has a stochastic reading of 42.79% at this stage. This figure means that IPGP share price today is being neutral.
Technical chart claims that IPG Photonics Corporation (IPGP) would settle between $131.92/share to $133.88/share level. However, if the stock price goes below the $127.5 mark, then the market for IPG Photonics Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $125.04 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.62. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Needham lifted target price for shares of IPGP but were stick to Buy recommendation for the stock in their opinion released on May 01. The price target has been raised from $170 to $185. Cascend Securities analysts again handed out a Buy recommendation to IPG Photonics Corporation (NASDAQ:IPGP) stock but they lifted target price for the shares in a flash note issued to investors on May 01. The target price has been raised from $180 to $200. Analysts at The Benchmark Company lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to May 01.
IPGP equity has an average rating of 2.11, with the figure leaning towards a bullish end. 13 analysts who tracked the company were contacted by Reuters. Amongst them, 6 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated IPG Photonics Corporation (NASDAQ:IPGP) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, IPGP stock price is currently trading at 21.6X forward 12-month Consensus EPS estimates, and its P/E ratio is 23.2 while for the average stock in the same group, the multiple is 26.1. IPG Photonics Corporation current P/B ratio of 2.9 means it is trading at a discount against its industry’s 6.4.