II-VI Incorporated [IIVI] shares are up more than 145.14% this year and recently decreased 0.0% or $0.14 to settle at $71.28. Analysts expect IIVI to grow earnings at a 16.97% annual rate over the next 5 years. IIVI has a short ratio of 10.50. This implies that the market is currently less bullish on the outlook for IIVI.
On 4, December 2020, II-VI Incorporated to Present at 2020 Raymond James Technology Investors Conference. According to news published on Yahoo Finance, II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference:.
Analyst Birdseye View:
The most recent analyst activity for II-VI Incorporated [NASDAQ:IIVI] stock was on October 15, 2020, when it was Initiated with a Buy rating from BofA Securities, which also raised its 12-month price target on the stock to $60. Before that, on November 06, 2020, B. Riley Securities Recapitulated a Neutral rating and elevated its amount target to $47. On October 07, 2020, Stifel Initiated a Buy rating and boosted its price target on this stock to $50. On September 18, 2020, Morgan Stanley Upgrade an Overweight rating and increased its price target to $45. On September 08, 2020, Citigroup Initiated a Buy rating and increased its price target to $53. On September 04, 2020, Needham Reiterated a Buy rating and boosted its amount target on this stock to $57. On August 14, 2020, Northland Capital Downgrade a Market perform rating.
In the past 52 weeks of trading, this stock has oscillated between a low of $19.00 and a peak of $71.36. Right now, the middling Wall Street analyst 12-month amount mark is $65.00. At the most recent market close, shares of II-VI Incorporated [NASDAQ:IIVI] were valued at $71.28. According to the average price forecast, investors can expect a potential return of -1.71%.
II-VI Incorporated [NASDAQ:IIVI] most recently reported quarterly sales of 728.08 billion, which represented growth of 113.90%. This publicly-traded organization’s revenue is $103,621 per employee, while its income is -$2,918 per employee. This company’s Gross Margin is currently 35.50%, its Operating Margin is 3.70%, its Pretax Margin is -2.69, and its Net Margin is -2.82. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.86, -4.18, 2.75 and -2.24 respectively.
The Principal structure of this organization shows its whole liability to whole principal at 53.59 and the whole liability to whole assets at 45.81. It shows enduring liability to the whole principal at 51.44 and enduring liability to assets at 0.44 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 69.95 points at 1st support level, the second support level is making up to 68.77. But as of 1st resistance point, this stock is sitting at 71.84 and at 72.55 for 2nd resistance point.
II-VI Incorporated [IIVI] reported its earnings at $0.84 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.55/share signifying the difference of 0.29 and 52.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1.18 calling estimates for $0.77/share with the difference of 0.41 depicting the surprise of 53.20%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for II-VI Incorporated [NASDAQ:IIVI] is 3.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.73. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.68 and it’s amount to book ratio is 2.10.
The most recent insider trade was by Koeppen Christopher, Chief Technology Officer, and it was the sale of 1828.0 shares on Nov 30. Schwendinger Jo Anne, the Chief Legal & Compl. Officer, completed a sale of 12960.0 shares on Nov 27. On Nov 24, RAYMOND MARY JANE, Chief Financial Officer, completed a sale of 30360.0 shares.