IPGP Stock Summary and Trading Ideas (Ipg Photonics | NASDAQ:IPGP)

IPG Photonics Corp 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. The company generates a majority of its revenue from China and also has its presence in North America, Japan, Germany, and other markets.

Ipg Photonics trades on the NASDAQ stock market under the symbol IPGP.

As of November 13, 2024, IPGP stock price declined to $76.39 with 187,847 million shares trading.

IPGP has a beta of 1.58, meaning it tends to be more sensitive to market movements. IPGP has a correlation of 0.27 to the broad based SPY ETF.

IPGP has a market cap of $3.30 billion. This is considered a Mid Cap stock.

Last quarter Ipg Photonics reported $233 million in Revenue and $.29 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.10.

In the last 3 years, IPGP traded as high as $176.63 and as low as $61.86.

The top ETF exchange traded funds that IPGP belongs to (by Net Assets): IJH, VTI, COWZ, VB, VGT.

IPGP has underperformed the market in the last year with a price return of -15.9% while the SPY ETF gained +37.1%. However, in the short term, IPGP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.3% vs +12.3% return in SPY. But in the last 2 weeks, IPGP shares have been beat by the market, returning -10.2% compared to an SPY return of +2.7%.

IPGP support price is $76.81 and resistance is $79.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IPGP shares will trade within this expected range on the day.