Raymond James raised the price target for the NeoPhotonics Corporation (NYSE:NPTN) stock from “an Underperform” to “a Mkt perform”. The rating was released on September 09, 2021. We previously noted in another research note published on March 18, 2021 by Rosenblatt that upgraded the stock from a Neutral to a Buy with a price target of $16 for NPTN stock. The research report from DA Davidson has upgraded the stock from Neutral to Buy, with a price target set at $15. The stock was resumed by Piper Sandler, who disclosed in a research note on February 19, 2021, to Neutral and set the price objective to $13. In their research brief published November 05, 2020, Needham analysts upgraded the NeoPhotonics Corporation stock from Hold to Buy with a price target of $9.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of NeoPhotonics Corporation (NYSE:NPTN) dipped -0.20% to close Friday’s market session at $15.11, lower as compared to yesterday’s close. The stock price fluctuated between $15.10 and $15.21 throughout the trading session with the volume trading being 983923 shares, which represented a significant variation when compared to the three months average volume of 1.17 million shares. The firm’s stock price fluctuated -0.40% within the last five trades and -0.53% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 74.88% in the last 6 months and 65.14% was added to its value over the previous 3 months. NPTN stock is trading at a margin of -0.68%, -1.00% and 35.68% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, NPTN deals in the Technology domain. The stock is trading -6.38 percent below its 52-week high and 90.06 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -0.4. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does NeoPhotonics Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -13.20 percent and the profit margin is -14.90 percent, and the company has reported a gross margin of 22.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $804.46 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 52.83. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.89 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.04, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.10 percent of NeoPhotonics Corporation shares are owned by insiders, and 81.40 percent are held by financial institutions. Li Yanbing, the Director at NeoPhotonics Corporation (NPTN) has sold 38,842 shares of firm on Dec 09 at a price of $15.33 against the total amount of $0.6 million. In another inside trade, cheung Chiyue, Chief Operating Officer of NeoPhotonics Corporation (NYSE:NPTN) sold 92,000 shares of the firm on Nov 04 for a total worth of $1.38 million at a price of $15.04. An inside trade which took place on Nov 04, Director of NeoPhotonics Corporation SOPHIE MICHAEL J sold 17,388 shares of firm against total price of $0.26 million at the cost of $15.04 per share.