Intest Corp. (INTT) stock forecast: Can it reach its 52-week high of $27.17

A share price of Intest Corp. [INTT] is currently trading at $13.25, up 16.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The INTT shares have gain 18.62% over the last week, with a monthly amount glided 14.92%, and seem to be holding up well over a long-time horizon.

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On 27, March 2024, inTEST Reports Record $123.3 Million in Revenue and Net Income of $9.3 Million for Full Year 2023. In a post published today on Yahoo Finance, 2023 revenue increased 6% year-over-year while net income grew 10%.

From an analyst’s perspective:

Intest Corp. [AMEX: INTT] stock has seen the most recent analyst activity on November 21, 2022, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $20. Previously, Lake Street started tracking the stock with Buy rating on February 08, 2019, and set its price target to $9. On October 06, 2017, Dougherty & Company initiated with a Buy rating and assigned a price target of $11 on the stock.

Intest Corp. experienced fluctuations in its stock price throughout the past year between $10.66 and $27.17. Intest Corp. [AMEX: INTT] shares were valued at $13.25 at the most recent close of the market.

Analyzing the INTT fundamentals

Trailing Twelve Months sales for Intest Corp. [AMEX:INTT] were 123.30M which represents -19.27% decline. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.11 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.04 points at the first support level, and at 10.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.91, and for the 2nd resistance point, it is at 14.58.

Intest Corp. [INTT] reported earnings per share of $0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of $0.03 and a surprise factor of 23.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.28 per share as compared to estimates of $0.25 per share, a difference of $0.03 representing a surprise of 12.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Intest Corp. [AMEX:INTT] is 3.53. In addition, the Quick Ratio stands at 2.70 and the Cash Ratio stands at 1.86. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 1.67 and price to earnings (TTM) ratio is 16.59.

Transactions by insiders

Recent insider trading involved DEWS JOSEPH W IV, Director, that happened on Jun 12 ’23 when 11250.0 shares were sold. Division Pres-Process Tech, Nolen Scott Eric completed a deal on May 15 ’23 to sell 7597.0 shares.

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