CPS Technologies Corporation (NASDAQ:CPSH) price on Friday, Jun 04, rose 3.77% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.61.
A look at the stock’s price movement, the close in the last trading session was $6.37, moving within a range at $6.15 and $6.65. The beta value (5-Year monthly) was 1.43 while the PE ratio in trailing twelve months stood at 264.4. Turning to its 52-week performance, $30 and $1.34 were the 52-week high and 52-week low respectively. Overall, CPSH moved -4.34% over the past month.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CPSH is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
In the market, a comparison of CPS Technologies Corporation (CPSH) and its peers suggest the former has performed considerably better. Data shows CPSH’s intraday price has changed +3.77% in last session and +340.67% over the past year. Comparatively, Te Connectivity Ltd (TEL) has moved +1.63% on the day and only +56.9% in the past 12 months. Looking at another peer, we see that Universal Display (OLED) price has surged 1.52% on the day. However, the stock is 36.31% off its price a year ago. Moreover, Littelfuse Inc (LFUS) is also up 3.77% in trading on the day while keeping an uptrend of 340.67% over the past year. If we look at the PE ratio, we find that CPS Technologies Corporation’s ratio stands at 264.4 compared to Te Connectivity Ltd’s 44.17 and Universal Display’s 69.78. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.88% and 0.52% respectively in the last trading.
If we refocus on CPS Technologies Corporation (NASDAQ:CPSH), historical trading data shows that trading volumes averaged 568.87 Million over the past 10 days and 822.37 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 13.82 Million shares.
As per Thomson Reuters, 32.76% of CPS Technologies Corporation’s shares are in the hands of company insiders while institutional holders own 11.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 467.75 Million on May 13, 2021, giving us a short ratio of 0.71. The data shows that as of May 13, 2021 short interest in CPS Technologies Corporation (CPSH) stood at 3.25% of shares outstanding, with shares short rising to 423.92 Million registered in April. Current price change has pushed the stock +137.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CPSH stock continues to rise going into the next quarter.