Analysis Of The Weekly Performance Of Sono-Tek Corporation (SOTK)

Sono-Tek Corporation (NASDAQ:SOTK) finished Wednesday with an addition of $1.99 to close at $6.49, an upside of 44.22 percent. An average of 474,000 shares of common stock have been traded in the last five days. There was a gain of $2.26 in the past week. The last 20 days have seen an average of 134,890 shares traded, while the 50-day average volume stands at 68,632.

SOTK stock has increased by 80.28% in the last month. The company shares reached their 1-month lowest point of $3.42 on 09/17/21. With the stock rallying to its 52-week high on 10/13/21, shares of the company touched a low of $2.67 and a high of $4.92 in 52 weeks. In spite of this, the price is up 31.91% from the 52-week high.

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Valuation Metrics

Sono-Tek Corporation (SOTK) has a trailing price-to-earnings (P/E) ratio of 46.03, which compares with the 23.30 for the broader industry and 37.24 for the sector. In the last five years, Sono-Tek Corporation’s PE ratio has ranged between 530.54 and 21.64. The stock’s beta is -0.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.31, the price-to-book (PB) ratio at 8.22, and the price-to-cash flow ratio at 63.08.

The quick ratio of Sono-Tek Corporation for the three months ended May 30 was 2.70, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending May 30. Sono-Tek Corporation’s EBITDA margin for the year ending May 30 is 12.16%, while its operating margin for the same period stands at 16.30%. Its gross profit as reported stood at $7.0 million compared to revenue of $14.83 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sono-Tek Corporation’s return on assets was 13.70%. For the broader industry, ROE averaged 3.62 over the past year.

Earnings Surprise

For the three-month period that ended May 30, Sono-Tek Corporation had $3.49 million in cash. The analyst consensus anticipated Sono-Tek Corporation’s latest quarter earnings to come in at $0.01 per share, but it turned out to be $0.08, a 700.00% surprise. For the quarter, EBITDA amounted to $0.45 million. At the end of the quarter ending May 30, Sono-Tek Corporation’s stock balance sheet showed total liabilities of 4.14 million. Shareholders own equity worth $15.51 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sono-Tek Corporation (SOTK) price momentum. RSI 9-day as of the close on 13 October was 85.12%, suggesting the stock is Overbought, with historical volatility in this time frame at 195.52%.

As of today, SOTK’s price is $4.94 +53.43% or $2.26 from its 5-day moving average. SOTK is currently trading +81.03% higher than its 20-day SMA and +54.52% higher than its 100-day SMA. However, the stock’s current price level is +99.69% above the SMA50 and +42.95% above the SMA200.

The stochastic %K and %D were 86.78% and 85.79%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 92.03% and the average true range at 0.51, the RSI (14) stands at 81.38%. The stock has reached 0.56 on the 9-day MACD Oscillator while the 14-day reading was at 0.82.

Analyst Ratings

The consensus rating for Sono-Tek Corporation (SOTK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SOTK, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is SOTK’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Sono-Tek Corporation (SOTK) stock is $5.00.


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