The market has been high on IPG Photonics Corporation (IPGP) stock recently. IPGP gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With IPGP Stock Today?
IPG Photonics Corporation (IPGP) stock is higher by 0.57% while the S&P 500 is lower by -1.63% as of 2:38 PM on Friday, Oct 23. IPGP is higher by $1.12 from the previous closing price of $198.08 on volume of 220,503 shares. Over the past year the S&P 500 has gained 14.06% while IPGP is higher by 45.48%. IPGP earned $2.38 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 84.07.
To see the top 5 stocks in the Semiconductor Equipment & Materials industry click here.
More About IPG Photonics Corporation
IPG Photonics is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. Roughly a third of the firm's revenue is generated in China, with the rest coming from North America, Europe, Japan, Australia, and other countries across the world.
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