ELTK Eltek future growth profile supports price target of 18.00 per share.
| ELTK Stock | USD 10.01 0.11 1.11% |
About 50% of Eltek's institutional investors are presently thinking to get in. The analysis of overall sentiment of trading Eltek stock suggests that some investors are interested at this time. Eltek's investing sentiment shows overall attitude of investors towards Eltek.
By Thomas Kerr, CFA NASDAQELTK READ THE FULL ELTK RESEARCH REPORT On March 11, 2024, Eltek announced 4th quarter and full year financial results which were mostly in line with our expectations. Full-year revenue increased to a record 46.7 million in 2023, which was an 18 percent increase compared to the prior year period in 2022. The increase was attributed to increased production
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Eltek Fundamental Analysis
We analyze Eltek's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eltek using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eltek based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Income
Net Income Comparative Analysis
Eltek is currently under evaluation in net income category among its peers. Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Eltek Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eltek stock to make a market-neutral strategy. Peer analysis of Eltek could also be used in its relative valuation, which is a method of valuing Eltek by comparing valuation metrics with similar companies.
Peers
Eltek Related Equities
| DAKT | Daktronics | 4.29 | ||||
| CPSH | Cps Technologies | 2.74 | ||||
| LYTS | LSI Industries | 1.98 | ||||
| BELFB | Bel Fuse | 1.97 | ||||
| MEI | Methode Electronics | 1.49 | ||||
| KOPN | Kopin | 1.48 | ||||
| LPTH | LightPath Technologies | 0.42 | ||||
| SGMA | SigmaTron International | 0.34 | ||||
| OSIS | OSI Systems | 0.54 | ||||
| PLXS | Plexus Corp | 0.68 | ||||
| BHE | Benchmark Electronics | 1.21 | ||||
| BELFA | Bel Fuse | 1.63 | ||||
| LINK | Interlink Electronics | 1.83 | ||||
| RELL | Richardson Electronics | 2.62 |
Check out Eltek Hype Analysis, Eltek Correlation and Eltek Performance. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eltek. If investors know Eltek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eltek listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.45) | Earnings Share 0.51 | Revenue Per Share | Quarterly Revenue Growth 0.083 | Return On Assets |
The market value of Eltek is measured differently than its book value, which is the value of Eltek that is recorded on the company's balance sheet. Investors also form their own opinion of Eltek's value that differs from its market value or its book value, called intrinsic value, which is Eltek's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eltek's market value can be influenced by many factors that don't directly affect Eltek's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eltek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eltek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eltek's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.