With 2.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.27 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $100.5111 whereas the lowest price it dropped to was $97.64. The 52-week range on CLS shows that it touched its highest point at $99.34 and its lowest point at $26.62 during that stretch. It currently has a 1-year price target of $82.64. Beta for the stock currently stands at 2.27.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLS was up-trending over the past week, with a rise of 9.50%, but this was up by 23.02% over a month. Three-month performance surged to 110.70% while six-month performance rose 73.64%. The stock gained 241.06% in the past year, while it has gained 238.15% so far this year. A look at the trailing 12-month EPS for CLS yields 3.16 with Next year EPS estimates of 4.46. For the next quarter, that number is 1.04. This implies an EPS growth rate of 58.62% for this year and 15.62% for next year. EPS is expected to grow by 28.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.48%.
Float and Shares Shorts:
At present, 118.60 million CLS shares are outstanding with a float of 115.62 million shares on hand for trading. On 2024-11-29, short shares totaled 2.99 million, which was 257.0 higher than short shares on 1730332800. In addition to Mr. Robert Andrew Mionis as the firm’s President, CEO & Director, Mr. Mandeep Chawla C.M.A., CPA serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.80082 of CLS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CLS reported revenue of $2499500000.0 and operating income of $137400000.0. The EBITDA in the recently reported quarter was $187100000.0 and diluted EPS was $0.77.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLS since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CLS analysts setting a high price target of 100.0 and a low target of 68.0, the average target price over the next 12 months is 79.77778. Based on these targets, CLS could surge 1.0% to reach the target high and fall by -31.32% to reach the target low. Reaching the average price target will result in a decline of -19.42% from current levels.
Analysts have provided yearly estimates in a range of $3.90126 being high and $3.76313 being low. For CLS, this leads to a yearly average estimate of $3.77293. Based on analyst estimates, the high estimate for the next quarter is $1.06 and the low estimate is $0.95. The average estimate for the next quarter is thus $0.99.
