II-VI Incorporated (NASDAQ:IIVI) saw a downside of -0.34% to close Tuesday at $55.10 after subtracting -$0.19 on the day. The 5-day average trading volume is 1,336,560 shares of the company’s common stock. It has gained $58.55 in the past week. An average of 1,215,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,248,386.
IIVI’s 1-month performance is -10.94% or -$6.33 on its low of $54.35 reached on 10/12/21. The company’s shares have touched a 52-week low of $43.94 and high of $100.44, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, IIVI has lost -27.46% or -$20.86. However, the current price is down -45.14%% from the 52-week high price.
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On Sep 03, 40 days have gone by since the last insider trading activity for II-VI Incorporated (IIVI). Digirolomo Enrico (Director) most recently sold 5,921 shares at $61.31 per share on Sep 03. This transaction cost the insider $363,032. Chief Technology Officer, Koeppen Christopher, sold 1,500 shares at a price of $62.51 on Aug 25. Then, on Aug 18, Chief Financial Officer RAYMOND MARY JANE sold 200 shares at a price of $61.07 per share. This transaction amounted to $12,215.
The company’s PE ratio for the last five years has touched a high of 58.58 and a low of 17.39. IIVI stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.89 while the price-to-book (PB) in the most recent quarter is 1.95, with the price to cash flow ratio at 14.14.
II-VI Incorporated’s quick ratio for the period ended June 29 was 3.20, with the current ratio over the same period at 4.10 meaning that IIVI stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.44, while the total debt to equity was 0.46. In terms of profitability, the gross margin trailing 12 months is 39.20%. The trailing 12-month EBITDA margin is 21.71% while for the period ending June 29; II-VI Incorporated’s operating margin was 12.30%. The firm’s gross profit as reported stood at $1.22 billion against revenue of $3.11 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected IIVI to announce $0.76 per share in earnings in its latest quarter, but it posted $0.88, representing a 15.80% surprise. EBITDA for the quarter stood at more than $172.61 million. IIVI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.11 billion, with total debt at $1.55 billion. Shareholders hold equity totaling $105.72 million
Let’s look briefly at II-VI Incorporated (IIVI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 33.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 56.49%.
The stock’s 5-day moving average is $55.95, reflecting a -0.95% or -$0.53 change from its current price. IIVI is currently trading -9.58% above its 20-day SMA, -16.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -20.70% and -29.20% respectively.
Stochastic %K and %D was 18.51% and 24.20% and the average true range (ATR) pointed at 1.91. The RSI (14) points at 35.34%, while the 14-day stochastic is at 9.41% with the period’s ATR at 1.90. The stock’s 9-day MACD Oscillator is pointing at -0.90 and -2.30 on the 14-day charts.
In the most recent analyst report for II-VI Incorporated (NASDAQ: IIVI), Barclays downgraded it to an Underweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for IIVI stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate IIVI as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is IIVI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $56.00 and a high of $118.00, with their median price target at $81.00. Looking at these predictions, the average price target given by analysts is for II-VI Incorporated (IIVI) stock is $82.81.