IPG Photonics Corp (NASDAQ:IPGP) price on Friday, April 11, rose 1.68% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $53.77.
A look at the stock’s price movement, the close in the last trading session was $52.88, moving within a range at $52.025 and $54.23. The beta value (5-Year monthly) was 0.976. Turning to its 52-week performance, $92.21 and $48.59 were the 52-week high and 52-week low respectively. Overall, IPGP moved -9.65% over the past month.
IPG Photonics Corp’s market cap currently stands at around $2.30 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-10.
Analysts have a consensus estimate of 224.68M for the company’s revenue for the quarter, with a low and high estimate of 210.95M and 238M respectively. The average forecast suggests down to a -10.85% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 973.93M, representing a -0.33% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IPGP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend IPGP as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IPGP’s current price about -11.80% and -14.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.41, while 7-day volatility ratio is 11.35% and 5.98% in the 30-day chart. Further, IPG Photonics Corp (IPGP) has a beta value of 0.96, and an average true range (ATR) of 4.00. Analysts have given the company’s stock an average 52-week price target of $88, forecast between a low of $76 and high of $100. Looking at the price targets, the low is -41.34% off current price level while to achieve the yearly target high, price needs to move -85.98%. Nonetheless, investors will most likely welcome a -63.66% jump to $88 which is the analysts’ median price.
If we refocus on IPG Photonics Corp (NASDAQ:IPGP), historical trading data shows that trading volumes averaged 0.36 over the past 10 days and 347.66K over the past 3 months. The company’s latest data on shares outstanding shows there are 42.55 million shares.
The 42.35% of IPG Photonics Corp’s shares are in the hands of company insiders while institutional holders own 61.15% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.56 million on 2025-03-14, giving us a short ratio of 3.42. The data shows that as of 2025-03-14 short interest in IPG Photonics Corp (IPGP) stood at 1252.9999 of shares outstanding, with shares short rising to 1.23 million registered in 2025-02-14. Current price change has pushed the stock -26.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IPGP stock continues to rise going into the next quarter.
