Vishay Intertechnology, Inc. (NYSE:VSH) is one of the stocks that are grabbing investor focus today: sinking -5% or (-1.04 points) to $19.68 from its previous close of $20.72. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 367144 contracts so far this session. VSH shares had a relatively better volume day versus average trading capacity of 954.08 thousand shares, but with a 0.14 billion float and a 2.07% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for VSH stock indicates that the average analyst price target is $17 per share. This means the stock has a potential decrease of -13.62% from where the VSH share price has been trading recently which is between $20.59 and $20.94.
During the recent trading session for Vishay Intertechnology, Inc. (NYSE:VSH), the company witnessed their stock drop by $-0.59 over a week and surge $2.59 from the price 20 days ago. When compared to their established 52-week high of $22.94, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 02/25/19. The recent low of $14.36 stood for a -14.19% since 08/28/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.57 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Vishay Intertechnology, Inc., the two-week RSI stands at 60.63. This figure suggests that VSH stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current VSH readings is similarly very revealing as it has a stochastic reading of 83.08% at this stage. This figure means that VSH share price today is being oversold.
Technical chart claims that Vishay Intertechnology, Inc. (VSH) would settle between $20.91/share to $21.1/share level. However, if the stock price goes below the $20.56 mark, then the market for Vishay Intertechnology, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $20.4 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.44. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BofA/Merrill lowered their recommendation on shares of VSH from Neutral to Underperform in their opinion released on November 06. Cowen, analysts launched coverage of Vishay Intertechnology, Inc. (NYSE:VSH) stock with a Outperform recommendation, according to their flash note issued to investors on May 22. Analysts at BofA/Merrill lowered the stock to a Neutral call from its previous Buy recommendation, in a research note that dated back to February 06.
VSH equity has an average rating of 2.38, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Vishay Intertechnology, Inc. (NYSE:VSH) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, VSH stock price is currently trading at 17.71X forward 12-month Consensus EPS estimates, and its P/E ratio is 12 while for the average stock in the same group, the multiple is 24.2. Vishay Intertechnology, Inc. current P/B ratio of 2 means it is trading at a discount against its industry’s 4.7.
Vishay Intertechnology, Inc. (VSH)’s current-quarter revenues are projected to climb by nearly -22.4% to hit $602280, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -12.4% from $3.03 billion to a noteworthy $2.66 billion. At the other end of the current quarter income statement, Vishay Intertechnology, Inc. is expected to see its adjusted earnings surge by roughly -67.2% to hit $0.19 per share. For the fiscal year, VSH’s earnings are projected to climb by roughly -37.7% to hit $1.32 per share.