IPG Photonics Corp (NASDAQ:IPGP) shares, rose in value on Friday, June 20, with the stock price down by -1.09% to the previous day’s close as strong demand from buyers drove the stock to $66.01.
Actively observing the price movement in the last trading, the stock closed the session at $66.74. Referring to stock’s 52-week performance, its high was $92.21, and the low was $48.59. On the whole, IPGP has fluctuated by -0.72% over the past month.
With the market capitalization of IPG Photonics Corp currently standing at about $2.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-06.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IPGP’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of IPGP currently trading nearly -1.86% and 5.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.80, while the 7-day volatility ratio is showing 2.28% which for the 30-day chart, stands at 1.81%. Furthermore, IPG Photonics Corp (IPGP)’s beta value is 0.90, and its average true range (ATR) is 2.13.
A comparison of IPG Photonics Corp (IPGP) with its peers suggests the former has fared considerably weaker in the market. IPGP showed an intraday change of -1.09% in last session, and over the past year, it shrunk by -23.47%%.
Data on historical trading for IPG Photonics Corp (NASDAQ:IPGP) indicates that the trading volumes over the past 3 months, they’ve averaged 327.67K. According to company’s latest data on outstanding shares, there are 42.73 million shares outstanding.
Nearly 42.28% of IPG Photonics Corp’s shares belong to company insiders and institutional investors own 63.35% of the company’s shares. The stock has fallen by -9.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IPGP stock heading into the next quarter.
