Eltek Stock Performance
| ELTK Stock | USD 10.79 0.01 0.09% |
The firm shows a Beta (market volatility) of 3.43, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eltek will likely underperform. Eltek has an expected return of -0.61%. Please make sure to confirm Eltek treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Eltek performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Eltek has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's basic indicators remain quite persistent which may send shares a bit higher in May 2024. The latest mess may also be a sign of long-standing up-swing for the company institutional investors. ...more
Actual Historical Performance (%)
One Day Return (0.56) | Five Day Return (4.02) | Year To Date Return (18.45) | Ten Year Return (4.96) | All Time Return (64.20) |
Forward Dividend Yield 0.0204 | Payout Ratio 0.2056 | Last Split Factor 1:5 | Forward Dividend Rate 0.22 | Dividend Date 2023-12-21 |
1 | Eltek stock slides on pricing stock offering to raise 10 million | 02/13/2024 |
2 | Eltek Share Price Crosses Above 200-Day Moving Average of 12.34 - MarketBeat | 03/01/2024 |
3 | 03/08/2024 |
4 | Eltek GAAP EPS of 0.22, revenue of 12.32M | 03/11/2024 |
5 | Eltek Ltd.s Stock Has Been Sliding But Fundamentals Look Strong Is The Market Wrong | 03/12/2024 |
6 | ELTK Eltek releases 4th quarter and full year 2023 financial results. The company also provided updates on market trends and growth drivers. We maintain our pri... | 03/13/2024 |
7 | Eltek Announces Filing of 2023 Annual Report | 03/26/2024 |
| Begin Period Cash Flow | 7.4 M |
Eltek |
Eltek Relative Risk vs. Return Landscape
If you would invest 1,823 in Eltek on January 24, 2024 and sell it today you would lose (743.00) from holding Eltek or give up 40.76% of portfolio value over 90 days. Eltek is currently does not generate positive expected returns and assumes 6.4334% risk (volatility on return distribution) over the 90 days horizon. In different words, 56% of stocks are less volatile than Eltek, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Eltek Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eltek's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Eltek, and traders can use it to determine the average amount a Eltek's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0945
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| Negative Returns | ELTK |
Estimated Market Risk
| 6.43 actual daily | 56 56% of assets are less volatile |
Expected Return
| -0.61 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 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.
Eltek Fundamentals Growth
Eltek Stock prices reflect investors' perceptions of the future prospects and financial health of Eltek, and Eltek fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Eltek Stock performance.
| Return On Equity | 0.27 | ||||
| Return On Asset | 0.1 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 66.93 M | ||||
| Shares Outstanding | 6.7 M | ||||
| Price To Earning | 6.83 X | ||||
| Price To Book | 2.44 X | ||||
| Price To Sales | 1.40 X | ||||
| Revenue | 46.7 M | ||||
| Gross Profit | 8.27 M | ||||
| EBITDA | 8.61 M | ||||
| Net Income | 6.35 M | ||||
| Cash And Equivalents | 8.25 M | ||||
| Cash Per Share | 1.41 X | ||||
| Total Debt | 6.66 M | ||||
| Debt To Equity | 0.58 % | ||||
| Current Ratio | 2.46 X | ||||
| Book Value Per Share | 4.46 X | ||||
| Cash Flow From Operations | 8.86 M | ||||
| Earnings Per Share | 1.07 X | ||||
| Market Capitalization | 72.41 M | ||||
| Total Asset | 47.17 M | ||||
| Retained Earnings | (4.84 M) | ||||
| Working Capital | 16.13 M | ||||
| Current Asset | 13.96 M | ||||
| Current Liabilities | 11.98 M | ||||
About Eltek Performance
To evaluate Eltek Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Eltek generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Eltek Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Eltek market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Eltek's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 66.66 | 39.22 | |
| Return On Tangible Assets | 0.13 | 0.14 | |
| Return On Capital Employed | 0.22 | 0.23 | |
| Return On Assets | 0.13 | 0.14 | |
| Return On Equity | 0.24 | 0.25 |
Things to note about Eltek performance evaluation
Checking the ongoing alerts about Eltek for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Eltek help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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 | |
| Latest headline from finance.yahoo.com: Eltek Announces Filing of 2023 Annual Report |
- Analyzing Eltek's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Eltek's stock is overvalued or undervalued compared to its peers.
- Examining Eltek's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Eltek's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Eltek's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Eltek's stock. These opinions can provide insight into Eltek's potential for growth and whether the stock is currently undervalued or overvalued.
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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.