NeoPhotonics Corporation (NYSE:NPTN) finished Friday with a subtraction of -$0.25 to close at $9.50, a downside of -2.56 percent. An average of 305,620 shares of common stock have been traded in the last five days. There was a gain of $0.35 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 271,040 shares traded, while the 50-day average volume stands at 385,580.
NPTN stock has increased by 5.09% in the last month. The company shares reached their 1-month lowest point of $8.45 on 10/06/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $6.15 and a high of $14.14 in 52 weeks. It has reached a new high 10 times so far this year and achieved 4.51% or $0.41 in price. In spite of this, the price is down -32.81% from the 52-week high.
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64 days have passed since NeoPhotonics Corporation (NPTN) last reported insider trading activity. Wupen Yuen, who is VICE PRESIDENT GLOBAL PRODUCT, most recently acquired $27,072 shares at $8.20 per share on Aug 20. In this transaction, the insider spent $221,920. Chief Operating Officer, cheung Chiyue, disposed of 12,667 shares at a price of $9.41 on Aug 02. The insider now owns more than $119,232 worth of shares. Prior to that, Chief Operating Officer cheung Chiyue went on to Sale 16,250 shares at $10.12 each on Jul 02. An amount of $164,421 was transacted.
NeoPhotonics Corporation (NPTN) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 38.99 for the sector. In the last five years, NeoPhotonics Corporation’s PE ratio has ranged between 199.40 and 18.41. The stock’s beta is 0.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.72, the price-to-book (PB) ratio at 3.11.
The quick ratio of NeoPhotonics Corporation for the three months ended June 29 was 2.10, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.19 for the quarter ending June 29. NeoPhotonics Corporation’s EBITDA margin for the year ending June 29 is 9.40%, while its operating margin for the same period stands at -12.80%. Its gross profit as reported stood at $103.08 million compared to revenue of $371.16 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, NeoPhotonics Corporation’s return on assets was -14.30%. For the broader industry, ROE averaged -0.25 over the past year.
For the three-month period that ended June 29, NeoPhotonics Corporation had $27.67 million in cash and short-term investments compared to $27.49 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$17.43 million in the quarter, while revenues were grew 132.87%. The analyst consensus anticipated NeoPhotonics Corporation’s latest quarter earnings to come in at -$0.23 per share, but it turned out to be -$0.22, a 4.30% surprise. For the quarter, EBITDA amounted to -$9.66 million. Shareholders own equity worth $52.19 million.
From a technical analysis perspective, let’s take a brief look at NeoPhotonics Corporation (NPTN) price momentum. RSI 9-day as of the close on 22 October was 60.01%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.95%.
As of today, NPTN’s price is $9.53 +3.83% or $0.35 from its 5-day moving average. NPTN is currently trading +5.56% higher than its 20-day SMA and -7.41% lower than its 100-day SMA. However, the stock’s current price level is +8.82% above the SMA50 and +3.83% above the SMA200.
The stochastic %K and %D were 83.20% and 82.38%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 72.41% and the average true range at 0.34, the RSI (14) stands at 57.76%. The stock has reached 0.23 on the 9-day MACD Oscillator while the 14-day reading was at 0.46.
Raymond James upgraded NeoPhotonics Corporation (NYSE: NPTN) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for NeoPhotonics Corporation (NPTN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NPTN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is NPTN’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $16.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for NeoPhotonics Corporation (NPTN) stock is $14.10.