Why IEC Electronics Corp. [IEC] Stock Still Has Countless Sunny Days Ahead

IEC Electronics Corp. [IEC] stock is up 3.24 while the S&P 500 has risen 0.68% on Thursday, 12/03/20. While at the time of this article, IEC ATR is sitting at 0.38, with the beta value at 1.02. This stock’s volatility for the past week remained at 2.80%, while it was 3.82% for the past 30-day period. IEC has risen $0.34 from the previous closing price of $10.50 on volume of 0.1 million shares.

On 20, November 2020, IEC Electronics Corp. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / November 20, 2020/ IEC Electronics Corp. (NASDAQ:IEC) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on November 20, 2020 at 10:00 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for IEC Electronics Corp. [NASDAQ:IEC] stock was on August 28, 2014, when it was Upgrade with a Buy rating from Noble Financial, which also raised its 12-month price target on the stock to $6. Before that, on August 17, 2017, Maxim Group Recapitulated a Buy rating and elevated its amount target to $7. On December 20, 2012, C.K. Cooper Initiated a Buy rating and boosted its price target on this stock to $9.

In the past 52 weeks of trading, this stock has oscillated between a low of $5.00 and a peak of $10.55. Right now, the middling Wall Street analyst 12-month amount mark is $12.50. At the most recent market close, shares of IEC Electronics Corp. [NASDAQ:IEC] were valued at $10.84. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

IEC Electronics Corp. [NASDAQ:IEC] most recently reported quarterly sales of 46.45 billion, which represented growth of 5.70%. This publicly-traded organization’s revenue is $212,458 per employee, while its income is $7,815 per employee. This company’s Gross Margin is currently 13.20%, its Operating Margin is 5.50%, its Pretax Margin is +4.76, and its Net Margin is +3.68. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.75, 19.10, 16.32 and 10.01 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 42.36 and the whole liability to whole assets at 23.40. It shows enduring liability to the whole principal at 41.63 and enduring liability to assets at 0.23 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 10.33 points at 1st support level, the second support level is making up to 10.16. But as of 1st resistance point, this stock is sitting at 10.61 and at 10.72 for 2nd resistance point.

IEC Electronics Corp. [IEC] reported its earnings at $0.18 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.19/share signifying the difference of -0.01 and -5.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.2 calling estimates for $0.17/share with the difference of 0.03 depicting the surprise of 17.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for IEC Electronics Corp. [NASDAQ:IEC] is 1.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.01. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.51, it’s amount to book ratio is 2.32 and showing 16.80 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Nowak Jeremy R, Director, and it was the purchase of 7500.0 shares on May 19.