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 May 16, 2024, IPGP stock price declined to $88.60 with 170,334 million shares trading.

IPGP has a beta of 1.83, meaning it tends to be more sensitive to market movements. IPGP has a correlation of 0.33 to the broad based SPY ETF.

IPGP has a market cap of $4.04 billion. This is considered a Mid Cap stock.

Last quarter Ipg Photonics reported $252 million in Revenue and $.52 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.03.

In the last 3 years, IPGP stock traded as high as $220.51 and as low as $79.88.

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

IPGP has underperformed the market in the last year with a return of -21.1%, while the SPY ETF gained +29.6%. In the last 3 month period, IPGP fell short of the market, returning -0.4%, while SPY returned +5.6%. However, in the most recent 2 weeks IPGP has outperformed the stock market by returning +6.0%, while SPY returned +5.7%.

IPGP support price is $88.64 and resistance is $91.71 (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 stock will trade within this expected range on the day.