Does Wall Street Rate II-VI Incorporated (IIVI) Shares A Sell?

As of Wednesday close, II-VI Incorporated’s (NASDAQ:IIVI) stock was down -$1.52, moving down -2.88 percent to $51.33. The average number of shares traded per day over the past five days has been 2,145,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.53 fall in that time frame. In the last twenty days, the average volume was 1,424,125, while in the previous 50 days, it was 1,507,106.

Since last month, IIVI stock retreated -13.12%. Shares of the company fell to $51.17 on 06/22/22, the lowest level in the past month. A 52-week high of $75.23 was reached on 03/29/22 after having rallying from a 52-week low of $51.47. Since the beginning of this year, IIVI’s stock price has dropped by -24.88% or -$17.00, and marked a new high 4 times. However, the stock has declined by -31.77% since its 52-week high.

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II-VI Incorporated (IIVI) last reported insider trading activity 66 days ago on Apr 18. Koeppen Christopher, the Chief Technology Officer of the company, disposed of 500 shares for $61.71 on Apr 18. It resulted in a $30,855 divestment by the insider. BASHAW WALTER ROBERT II sold 350 shares at an average price of $70.95 on Apr 05. The insider now owns 48,065 shares following the transaction. On Mar 29, Director KRAMER FRANCIS J sold 22,610 shares at $75.00 apiece. The transaction was valued at $1,695,800.

Valuation Metrics

Right now, II-VI Incorporated (IIVI) has a P/E ratio of about 28.87. The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 1.73, the price-to-book (PB) ratio of 1.72, and the price-to-cash flow ratio of 42.41 may also be considered.

Financial Health

In the three months ended March 30, II-VI Incorporated’s quick ratio stood at 1.60, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.29, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 38.80% percent. In the year ended March 30, EBITDA margin amounted to 21.71%, whereas operating margins totaled 12.70%. Based on annual data, IIVI earned $1.22 billion in gross profit and brought in $3.11 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.50%. Return on equity (ROE) for the past 12 months was 6.70%.

In II-VI Incorporated’s quarter-end financial report for March 30, it reported total debt of $928.75 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IIVI’s revenue rose 5.38% to $806.82 million during the quarter, while net income inched up to $827.72 million. While analysts expected II-VI Incorporated to report $0.85 quarterly earnings, the actual figure was $0.95 per share, beating the consensus estimate by 11.80%. During the quarter, the company generated $187.19 million in EBITDA. The liabilities of II-VI Incorporated were 4.14 billion at the end of its most recent quarter ended March 30, and its total debt was $2.49 billion. The value of shareholders’ equity is $106.46 million.

Technical Picture

This quick technical analysis looks at II-VI Incorporated’s (IIVI) price momentum. With a historical volatility rate of 31.31%, the RSI 9-day stood at 27.14% on 22 June.

With respect to its five-day moving average, the current II-VI Incorporated price is down by -8.11% percent or -$4.53. At present, IIVI shares trade -16.98% below its 20-day simple moving average and -13.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.30% below its SMA50 and -16.52% below its SMA200.

Stochastic coefficient K was 4.57% and Stochastic coefficient D was 4.68%, while ATR was 2.60. Given the Stochastic reading of 1.16% for the 14-day period, the RSI (14) reading has been calculated as 32.68%. As of today, the MACD Oscillator reading stands at -3.19, while the 14-day reading stands at -6.20.

Analyst Ratings

Raymond James reiterated its an Outperform rating on II-VI Incorporated (NASDAQ: IIVI) in a note to investors. The analysts firm has however raised their price target to $79, representing a possible 33.34% increase in the stock price. II-VI Incorporated (IIVI) has been rated Overweight by analysts. According to 1 brokerage firm, IIVI is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate II-VI Incorporated stock as buy, with 9 recommending it as overweight.

With a median target price of $80.00, the current consensus forecast for the stock is $65.00 – $121.00. Based on these forecasts, analysts predict II-VI Incorporated (IIVI) will achieve an average price target of $83.13.


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