II-VI Incorporated (NASDAQ:IIVI) has a beta of 1.47. The stock’s Relative Strength Index (RSI) is 74.07, with weekly volatility at 3.56% and ATR at 2.63. The IIVI stock’s 52-week price range has touched low of $19.00 and a $78.94 high. Its shares traded higher over the last trading session, gaining 1.21% on 12/24/20. The shares fell to a low of $77.02 before closing at $77.83. Intraday shares traded counted 0.53 million, which was 54.7% higher than its 30-day average trading volume of 1.17M. IIVI’s previous close was $76.90 while the outstanding shares total 102.81M.
Investors have identified the Scientific & Technical Instruments company II-VI Incorporated as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.98 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
II-VI Incorporated (IIVI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For IIVI, the company has in raw cash 683.99 million on their books with 62.05 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.99 billion total, with 644.89 million as their total liabilities.
IIVI were able to record 100.53 million as free cash flow during the Q1 2021 quarter of the year, this saw their quarterly net cash flow reduce by 190.94 million. In cash movements, the company had a total of 134.33 million as operating cash flow.
Potential earnings growth for II-VI Incorporated (IIVI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q1 2021 quarter of the year, II-VI Incorporated recorded a total of 728.08 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 53.25% coming in sequential stages and their sales for the Q1 2021 quarter reducing by -2.5%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 441.52 million trying to sell their products during the last quarter, with the result yielding a gross income of 286.56 million. This allows shareholders to hold on to 102.81M with the recently reported earning now reading 0.45 cents per share. This is a figure that compared to analyst’s prediction for their Q1 2021 (0.38 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.25 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IIVI sounds very interesting.
Is the stock of IIVI attractive?
In related news, Chief Executive Officer, MATTERA VINCENT D JR sold 8,500 shares of the company’s stock in a transaction that recorded on Dec 16. The sale was performed at an average price of 72.08, for a total value of 612,721. As the sale deal closes, the Director, KRAMER FRANCIS J now sold 8,231 shares of the company’s stock, valued at 597,530. Also, Director, KRAMER FRANCIS J sold 15,449 shares of the company’s stock in a deal that was recorded on Dec 14. The shares were price at an average price of 72.59 per share, with a total market value of 1,121,381. Following this completion of acquisition, the Director, KRAMER FRANCIS J now holds 60,000 shares of the company’s stock, valued at 4,191,728. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.20%.
14 out of 19 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on II-VI Incorporated. 0 analysts has assigned a Sell rating on the IIVI stock. The 12-month mean consensus price target for the company’s shares has been set at $68.33.