Tracking today’s Hot Stock: Ichor Holdings Ltd. (ICHR)

Ichor Holdings Ltd. (NASDAQ: ICHR) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.32 points up or 1.35% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The ICHR stock is trading at $24.11 from a close of $23.79 on 10/11/19. The day’s price range saw the stock hit a low of $24.10, while the highest price level was $24.77 during the intraday trading.

Is the ICHR stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $24.77. Ichor Holdings Ltd. (NASDAQ: ICHR) has a 52-week price range of between $14.23 and $27.38. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 207055, compared to its 3-months daily average volume of 222.50K. In comparison, the average volume for the last 50 days stands at 200,814.

What about the stock’s price forecasts? ICHR had 8 analysts who offered their 12-month price predictions for the Ichor Holdings Ltd. shares. The group has given the stock a consensus price target of $26.63, with the lowest forecast being put at $21.00. The highest estimate by the 8 analysts is $31.00. The median price target estimate of $26.50 for the stock represents a 9.02% jump in value from the previous price of $24.11. Looking at the 52-week price ranges, the stock’s current price level is 69.43% from its 52-week high price and -11.94% down from its 52-week low in the same period.

Ichor Holdings Ltd. shares have surged 0.79% over the past week, but its 1-month performance is in the red at -7.13%. Its performance in the current quarter is up 0.50%, while that figure shoots to -1.83% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has gained by 32.18%, with the year-to-date prices up by 47.91%.

The company has a market cap of 534.04 million and a return on assets (ROA) of 3.00%. In gauging how profitable company analysts and investors look at the respective company’s ROA, with returns above 5% generally regarded as good. Also important is the company’s return on equity (ROE), with ICHR’s at 7.20% indicating that the management is able to generate impressive income with whatever equity at their disposal. If you put your money on this stock, then a forecast ROI is at 17.00%.

But what do Wall Street analysts tracking this stock recommend, given that it has 22.15 million shares outstanding? 8 analysts polled have a consensus recommendation rating of 3.88, indicating that ICHR is a Overweight stock at the moment. This mean rating was at 4.13 a month ago. Cowen called it a Market Perform stock on September 25, 2019, while DA Davidson rated it a Neutral in its note released on July 08, 2019. Of the 8 analysts, 0 analysts rate the ICHR stock as Overweight, while 3 of them rated it as a Hold. 5 analysts rate Ichor Holdings Ltd. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.

Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Sep 2019) ranged from a low of $0.27 per share to $0.3 per share. The average estimate by the 8 analysts for the ICHR shares was $0.28 a share, while the company’s last-quarter results returned an EPS of $0.54. Looking at the current EPS trends, seven days ago, ICHR had its Sep 2019 estimates at $0.28 per share while the stock’s EPS was forecasted at the $0.28, a month ago. However, the company’s EPS growth for this quarter stands at -49.10%, while that growth rate for the next fiscal quarter is forecasted at 9.40%. The annual earnings per share growth for the next five years is estimated to be 0.17%, which compares to the -27.46% recorded in the past five-year period.

Let’s briefly check out revenue growth estimates for the company. The next quarter should see net revenue growth of over 12.00%, with analysts forecasting the company’s 12-month growth estimates at 20.30%. 8 analysts have forecast that Ichor Holdings Ltd. will see its revenue growth net between $149 million and $150.33 million for the current quarter. The next quarter should see revenue returns of between $152 million and $165 million. The average revenue for the quarter is expected at $149.96 million, while for the next quarter, it jumps to $158.33 million. Sales growth for the year are estimated at 20.30%.