Eltek Stock Buy Hold or Sell Recommendation
| ELTK Stock | USD 10.67 0.23 2.11% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Eltek is 'Strong Sell'. Macroaxis provides Eltek buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Eltek positions. The advice algorithm takes into account all of Eltek's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Eltek's buy or sell advice are summarized below:
Real Value 10.87 | Target Price 11.5 | Hype Value 10.88 | Market Value 10.67 | Naive Value 11.3 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Eltek given historical horizon and risk tolerance towards Eltek. When Macroaxis issues a 'buy' or 'sell' recommendation for Eltek, the advice is generated through an automated system that utilizes algorithms and statistical models.
Eltek |
Execute Eltek Buy or Sell Advice
The Eltek recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Eltek. Macroaxis does not own or have any residual interests in Eltek or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Eltek's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Eltek Trading Alerts and Improvement Suggestions
| Eltek generated a negative expected return over the last 90 days | |
| Eltek has high historical volatility and very poor performance | |
| Eltek is unlikely to experience financial distress in the next 2 years | |
| Eltek has a strong financial position based on the latest SEC filings | |
| About 52.0% of the company shares are held by company insiders |
Eltek Returns Distribution Density
The distribution of Eltek's historical returns is an attempt to chart the uncertainty of Eltek's future price movements. The chart of the probability distribution of Eltek daily returns describes the distribution of returns around its average expected value. We use Eltek price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Eltek returns is essential to provide solid investment advice for Eltek.
| Mean Return | -0.57 | Value At Risk | -9.28 | Potential Upside | 5.95 | Standard Deviation | 6.30 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Eltek historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Eltek Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Eltek is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Eltek backward and forwards among themselves. Eltek's institutional investor refers to the entity that pools money to purchase Eltek's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| 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 Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 175K | 290K | (1.0M) | (806K) | (1.1M) | (1.1M) | |
| Change In Cash | 636K | 3.1M | 4.5M | (1.9M) | 1.9M | 2.0M | |
| Free Cash Flow | 1.8M | 2.2M | 2.3M | 802K | 6.4M | 6.8M | |
| Depreciation | 1.5M | 1.6M | 1.8M | 1.5M | 1.3M | 1.7M | |
| Other Non Cash Items | 78K | (16K) | 5.0M | 2.6M | (653K) | 23.8K | |
| Capital Expenditures | 806K | 1.1M | 1.5M | 3.0M | 2.4M | 1.4M | |
| Net Income | 1.8M | 2.6M | 5.0M | 3.2M | 6.4M | 6.7M | |
| End Period Cash Flow | 1.6M | 4.7M | 9.3M | 7.4M | 9.3M | 9.7M | |
| Change To Netincome | 235K | 125K | 121K | (3.4M) | (3.0M) | (2.9M) | |
| Net Borrowings | (4.4M) | (4.8M) | 2.1M | (669K) | (602.1K) | (632.2K) | |
| Investments | (806K) | (1.1M) | (1.6M) | (3.0M) | (3.0M) | (2.8M) |
Eltek Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Eltek or Electronic Equipment, Instruments & Components sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Eltek's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Eltek stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.82 | |
β | Beta against NYSE Composite | 3.07 | |
σ | Overall volatility | 6.35 | |
Ir | Information ratio | -0.1 |
Eltek Volatility Alert
Eltek is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Eltek's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Eltek's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Eltek Fundamentals Vs Peers
Comparing Eltek's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Eltek's direct or indirect competition across all of the common fundamentals between Eltek and the related equities. This way, we can detect undervalued stocks with similar characteristics as Eltek or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Eltek's fundamental indicators could also be used in its relative valuation, which is a method of valuing Eltek by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Eltek to competition |
| Fundamentals | Eltek | Peer Average |
| Return On Equity | 0.27 | -0.31 |
| Return On Asset | 0.1 | -0.14 |
| Profit Margin | 0.14 % | (1.27) % |
| Operating Margin | 0.16 % | (5.51) % |
| Current Valuation | 67.6 M | 16.62 B |
| Shares Outstanding | 6.7 M | 571.82 M |
| Shares Owned By Insiders | 51.62 % | 10.09 % |
| Shares Owned By Institutions | 6.11 % | 39.21 % |
| Number Of Shares Shorted | 62.99 K | 4.71 M |
| Price To Earning | 6.83 X | 28.72 X |
| Price To Book | 2.44 X | 9.51 X |
| Price To Sales | 1.40 X | 11.42 X |
| Revenue | 46.7 M | 9.43 B |
| Gross Profit | 8.27 M | 27.38 B |
| EBITDA | 8.61 M | 3.9 B |
| Net Income | 6.35 M | 570.98 M |
| Cash And Equivalents | 8.25 M | 2.7 B |
| Cash Per Share | 1.41 X | 5.01 X |
| Total Debt | 6.66 M | 5.32 B |
| Debt To Equity | 0.58 % | 48.70 % |
| Current Ratio | 2.46 X | 2.16 X |
| Book Value Per Share | 4.46 X | 1.93 K |
| Cash Flow From Operations | 8.86 M | 971.22 M |
| Short Ratio | 0.83 X | 4.00 X |
| Earnings Per Share | 1.07 X | 3.12 X |
| Target Price | 15.0 | |
| Number Of Employees | 333 | 18.84 K |
| Beta | -1.82 | -0.15 |
| Market Capitalization | 73.08 M | 19.03 B |
| Total Asset | 47.17 M | 29.47 B |
| Retained Earnings | (4.84 M) | 9.33 B |
| Working Capital | 16.13 M | 1.48 B |
| Current Asset | 13.96 M | 9.34 B |
Eltek Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Eltek . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 1239.48 | |||
| Daily Balance Of Power | (0.53) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 10.88 | |||
| Day Typical Price | 10.81 | |||
| Price Action Indicator | (0.32) | |||
| Period Momentum Indicator | (0.23) | |||
| Relative Strength Index | 37.08 |
About Eltek Buy or Sell Advice
When is the right time to buy or sell Eltek? Buying financial instruments such as Eltek Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 13.7M | 11.3M | 6.7M | 8.2M | Total Assets | 42.8M | 41.5M | 47.2M | 28.0M |
Use Investing Ideas to Build Portfolios
In addition to having Eltek in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Restaurants Thematic Idea Now
Restaurants
Entities that are involved in restaurant business, as well as coffee shop chains and other eateries. The Restaurants theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Restaurants Theme or any other thematic opportunities.
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Check out Eltek Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.