Buying Electro-Sensors, Inc. (NASDAQ:ELSE)? Here Are Some Things to Consider

Electro-Sensors, Inc. (NASDAQ:ELSE) shares, rose in value on Wednesday, Apr 07, with the stock price up by 10.42% to the previous day’s close as strong demand from buyers drove the stock to $5.3.

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Actively observing the price movement in the last trading, the stock closed the session at $4.8, falling within a range of $4.81 and $5.47. The value of beta (5-year monthly) was 0.64 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $8.8, and the low was $2.88. On the whole, ELSE has fluctuated by 11.58% over the past month.

We see that ELSE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

A comparison of Electro-Sensors, Inc. (ELSE) with its peers suggests the former has fared considerably weaker in the market. ELSE showed an intraday change of +10.42% in last session, and over the past year, it grew by +44.02%. In comparison, Sensata Technologies Holding N.V. (ST) has moved lower at -2.39% on the day and was up +84.61% over the past 12 months. On the other hand, the price of Woodward Inc (WWD) has fallen -0.92% on the day. The stock, however, is off 103.46% from where it was a year ago. Additionally, there is a gain of 1042% for Watts Water Technologies (WTS) in last trading while the stock has seen an overall apprecation of 44.02% over the past year. The PE ratio stands at 0 for Electro-Sensors, Inc., compared to 58.74 for Sensata Technologies Holding N.V., and 34.11 for Woodward Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.

Data on historical trading for Electro-Sensors, Inc. (NASDAQ:ELSE) indicates that the trading volumes over the past 10 days have averaged 31.23 Million and over the past 3 months, they’ve averaged 218.88 Million. According to company’s latest data on outstanding shares, there are 3.4 Million shares outstanding.

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Nearly 34.32% of Electro-Sensors, Inc.’s shares belong to company insiders and institutional investors own 8.82% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 11.19 Million shares as on March 14, 2021, resulting in a short ratio of 0.1. According to the data, the short interest in Electro-Sensors, Inc. (ELSE) stood at 0.33% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 48.57 Million. The stock has risen by +10.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ELSE stock heading into the next quarter.

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