Eltek Stock Price on January 29, 2024
| ELTK Stock | USD 11.64 0.74 6.79% |
Below is the normalized historical share price chart for Eltek extending back to January 22, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Eltek stands at 11.64, as last reported on the 22nd of May, with the highest price reaching 11.80 and the lowest price hitting 10.40 during the day.
If you're considering investing in Eltek Stock, it is important to understand the factors that can impact its price. Eltek secures Sharpe Ratio (or Efficiency) of -0.0403, which denotes the company had a -0.0403% return per unit of risk over the last 3 months. Eltek exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eltek's Standard Deviation of 4.1, variance of 16.83, and Mean Deviation of 2.57 to check the risk estimate we provide.
At this time, Eltek's Total Stockholder Equity is quite stable compared to the past year. Common Stock Shares Outstanding is expected to rise to about 6.3 M this year, although the value of Common Stock will most likely fall to about 3.4 M. . At this time, Eltek's Price Sales Ratio is quite stable compared to the past year. Price Fair Value is expected to rise to 3.22 this year, although the value of Price Cash Flow Ratio will most likely fall to 9.02. Eltek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 22nd of January 1997 | 200 Day MA 11.7985 | 50 Day MA 10.694 | Beta (1.75) |
Eltek |
Sharpe Ratio = -0.0403
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| Negative Returns | ELTK |
Estimated Market Risk
| 3.98 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Eltek is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Eltek by adding Eltek to a well-diversified portfolio.
Price Book 2.4352 | Enterprise Value Ebitda 6.5759 | Price Sales 1.3971 | Shares Float 3.2 M | Dividend Share 0.22 |
Eltek Valuation on January 29, 2024
It is possible to determine the worth of Eltek on a given historical date. On January 29, 2024 Eltek was worth 19.92 at the beginning of the trading date compared to the closed value of 17.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eltek stock. Still, in general, we apply an absolute valuation method to find Eltek's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Eltek where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eltek's related companies.
| Open | High | Low | Close | Volume | |
| 19.78 | 19.82 | 18.77 | 19.50 | 110,354 | |
01/29/2024 | 19.92 | 19.92 | 16.71 | 17.69 | 259,365 |
| 18.06 | 18.30 | 17.06 | 17.68 | 54,384 |
| Backtest Eltek | | | Eltek History | | | Eltek Valuation | Previous | Next |
Eltek Trading Date Momentum on January 29, 2024
| On January 30 2024 Eltek was traded for 17.68 at the closing time. The top price for the day was 18.30 and the lowest listed price was 17.06 . The trading volume for the day was 54.4 K. The trading history from January 30, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.06% . The overall trading delta against the current closing price is 3.90% . |
Eltek Fundamentals Correlations and Trends
By evaluating Eltek's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eltek's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eltek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Eltek Stock history
Eltek investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Eltek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eltek will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Eltek stock prices may prove useful in developing a viable investing in Eltek
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 6 M | 6.3 M | |
| Net Income Applicable To Common Shares | 2.9 M | 3 M |
Eltek Stock Technical Analysis
Eltek technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Eltek Period Price Range
Low | January 29, 2024
| High |
19.92 | 17.69 |
Eltek May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Eltek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eltek shares will generate the highest return on investment. By undertsting and applying Eltek stock market strength indicators, traders can identify Eltek entry and exit signals to maximize returns
| Accumulation Distribution | 41795.26 | |||
| Daily Balance Of Power | (0.69) | |||
| Rate Of Daily Change | 0.89 | |||
| Day Median Price | 18.32 | |||
| Day Typical Price | 18.11 | |||
| Price Action Indicator | (1.74) | |||
| Period Momentum Indicator | (6.05) |
Eltek Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eltek's price direction in advance. Along with the technical and fundamental analysis of Eltek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eltek to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (1.01) |
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| Volume Indicators |
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.