Eltek Stock Today
| ELTK Stock | USD 9.94 0.21 2.16% |
Performance0 of 100
| Odds Of DistressLess than 1
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Eltek is selling for 9.94 as of the 16th of April 2024. This is a 2.16% increase since the beginning of the trading day. The stock's last reported lowest price was 9.75. Eltek has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Eltek are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 22nd of January 1997 | Category Technology | Classification Information Technology |
Eltek Ltd. manufactures, markets, and sells printed circuit boards in Israel, Europe, North America, India, the Netherlands, and internationally. Eltek Ltd. was incorporated in 1970 and is headquartered in Petach Tikva, Israel. Eltek operates under Electronic Components classification in the United States and is traded on NASDAQ Exchange. The company has 6.7 M outstanding shares of which 94.62 K shares are currently shorted by private and institutional investors with about 0.7 trading days to cover. More on Eltek
Moving together with Eltek Stock
| 0.82 | MEI | Methode Electronics Financial Report 27th of June 2024 | PairCorr |
Moving against Eltek Stock
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Follow Valuation Profit Patterns Odds of Bankruptcy
Financial Report 16th of May 2024
Eltek Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eltek's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eltek or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Deputy CEO and CTO | Roberto Tulman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Electronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Israel Wall Street, Electronic Equipment, Information Technology, Electronic Equipment, Instruments & Components, Electronic Components, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Eltek report their recommendations after researching Eltek's financial statements, talking to executives and customers, or listening in on Eltek's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Eltek. The Eltek consensus assessment is calculated by taking the average forecast from all of the analysts covering Eltek. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Eltek's profitability, liquidity, and operating efficiency, Eltek is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Eltek is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Eltek's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Eltek's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Eltek's financial leverage. It provides some insight into what part of Eltek's total assets is financed by creditors.
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Eltek (ELTK) is traded on NASDAQ Exchange in USA. It is located in Sgoola Industrial Zone, Petah Tikva, Israel, 4927920 and employs 333 people. Eltek is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 66.65 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Eltek's market, we take the total number of its shares issued and multiply it by Eltek's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Eltek conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 6.7 M outstanding shares of which 94.62 K shares are currently shorted by private and institutional investors with about 0.7 trading days to cover.
Eltek currently holds about 8.25 M in cash with 8.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.41.
Check Eltek Probability Of Bankruptcy
Ownership AllocationEltek retains a total of 6.7 Million outstanding shares. Eltek retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Eltek Ownership Details
Eltek Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Eltek jumping above the current price in 90 days from now is about 89.91%. The Eltek probability density function shows the probability of Eltek stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 3.0077 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Eltek will likely underperform. Additionally, eltek has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Eltek to move above the current price in 90 days from now is about 89.91 (This Eltek probability density function shows the probability of Eltek Stock to fall within a particular range of prices over 90 days) .
Eltek Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Eltek that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Eltek's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Eltek's value.| Instituion | Recorded On | Shares | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2 K | |
| Absolute Investment Management Llc | 2023-12-31 | 484 | |
| Bank Of Montreal | 2023-09-30 | 0.0 | |
| Bmo Capital Markets Corp. | 2023-09-30 | 0.0 | |
| Renaissance Technologies Corp | 2023-12-31 | 95.5 K | |
| Navellier & Associates Inc | 2023-12-31 | 81.8 K | |
| Goss Wealth Management Llc | 2023-12-31 | 46.2 K | |
| Marshall Wace Asset Management Ltd | 2023-12-31 | 40.3 K | |
| Quadrature Capital Llp | 2023-12-31 | 27.1 K | |
| James Investment Research, Inc. | 2023-12-31 | 25.9 K | |
| Heron Bay Capital Management | 2023-12-31 | 17.7 K |
Eltek Historical Income Statement
Eltek Income Statement is one of the three primary financial statements used for reporting Eltek's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eltek revenue and expense. Eltek Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Eltek's Net Income is quite stable compared to the past year. Income Tax Expense is expected to rise to about 1.4 M this year, although the value of Other Operating Expenses will most likely fall to about 37.5 M. View More FundamentalsEltek Stock Against Markets
Picking the right benchmark for Eltek stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eltek stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eltek is critical whether you are bullish or bearish towards Eltek at a given time. Please also check how Eltek's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eltek without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Eltek Corporate Directors
Eltek corporate directors refer to members of an Eltek board of directors. The board of directors generally takes responsibility for the Eltek's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Eltek's board members must vote for the resolution. The Eltek board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gavriel Meron | Director | Profile | |
| Ophira RosolioAharonson | Outside Independent Director | Profile | |
| Mordechai Marmorstein | Director | Profile | |
| David Rubner | Director | Profile |
How to buy Eltek Stock?
Before investing in Eltek, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Eltek. To buy Eltek stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Eltek. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Eltek stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Eltek stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Eltek stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Eltek, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Eltek Stock please use our How to Invest in Eltek guide.
Already Invested in Eltek?
The danger of trading Eltek is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eltek is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eltek. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eltek is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Eltek is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Eltek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eltek Stock. Highlighted below are key reports to facilitate an investment decision about Eltek Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Eltek Stock analysis
When running Eltek's price analysis, check to measure Eltek's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eltek is operating at the current time. Most of Eltek's value examination focuses on studying past and present price action to predict the probability of Eltek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eltek's price. Additionally, you may evaluate how the addition of Eltek to your portfolios can decrease your overall portfolio volatility.
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Is Eltek's industry 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.
Quarterly Earnings Growth 0.598 | Dividend Share 0.22 | Earnings Share 1.07 | Revenue Per Share 7.911 | Quarterly Revenue Growth 0.176 |
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.