Ichor Holdings Ltd (NASDAQ:ICHR) price on Friday, March 21, fall -2.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $26.61.
A look at the stock’s price movement, the close in the last trading session was $27.28, moving within a range at $26.26 and $27.0415. The beta value (5-Year monthly) was 1.918. Turning to its 52-week performance, $42.70 and $24.61 were the 52-week high and 52-week low respectively. Overall, ICHR moved -22.89% over the past month.
Ichor Holdings Ltd’s market cap currently stands at around $904.83 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03.
Analysts have a consensus estimate of 244.95M for the company’s revenue for the quarter, with a low and high estimate of 244.7M and 245M respectively. The average forecast suggests up to a 21.63% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 995M, representing a 17.19% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ICHR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend ICHR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ICHR’s current price about -4.71% and -10.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.12, while 7-day volatility ratio is 3.56% and 5.56% in the 30-day chart. Further, Ichor Holdings Ltd (ICHR) has a beta value of 1.82, and an average true range (ATR) of 1.54. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $50 and high of $50. Looking at the price targets, the low is -87.9% off current price level while to achieve the yearly target high, price needs to move -87.9%. Nonetheless, investors will most likely welcome a -87.9% jump to $50 which is the analysts’ median price.
If we refocus on Ichor Holdings Ltd (NASDAQ:ICHR), historical trading data shows that trading volumes averaged 0.32 over the past 10 days and 308.73K over the past 3 months. The company’s latest data on shares outstanding shows there are 33.86 million shares.
The 2.63% of Ichor Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 94.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.98 million on 2025-02-28, giving us a short ratio of 2.66. The data shows that as of 2025-02-28 short interest in Ichor Holdings Ltd (ICHR) stood at 340.99999999999994 of shares outstanding, with shares short rising to 0.71 million registered in 2025-01-31. Current price change has pushed the stock -17.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ICHR stock continues to rise going into the next quarter.
