FY2024 Earnings Estimate for Eltek Issued By Zacks Small Cap
| ELTK Stock | USD 9.93 0.67 6.32% |
About 62% of Eltek's investor base is looking to short. The analysis of overall sentiment of trading Eltek stock suggests that many investors are alarmed at this time. Eltek's investing sentiment shows overall attitude of investors towards Eltek.
Eltek Ltd. Zacks Small Cap lowered their FY2024 EPS estimates for Eltek in a research note issued on Wednesday, November 20th. Zacks Small Cap analyst T. Kerr now forecasts that the technology company will post earnings per share of 0.87 for the year, down from their previous estimate of 1.02.
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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.
Price To Earning
Price To Earning Comparative Analysis
Eltek is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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
| CPSH | Cps Technologies | 11.17 | ||||
| DAKT | Daktronics | 1.96 | ||||
| LYTS | LSI Industries | 1.41 | ||||
| BELFB | Bel Fuse | 0.88 | ||||
| PLXS | Plexus Corp | 0.99 | ||||
| OSIS | OSI Systems | 1.01 | ||||
| BHE | Benchmark Electronics | 1.20 | ||||
| RELL | Richardson Electronics | 1.25 | ||||
| MEI | Methode Electronics | 1.98 | ||||
| BELFA | Bel Fuse | 2.27 | ||||
| LINK | Interlink Electronics | 3.27 | ||||
| LPTH | LightPath Technologies | 3.53 | ||||
| SGMA | SigmaTron International | 4.76 | ||||
| KOPN | Kopin | 6.76 |
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Electronic Equipment 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.
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.