It’s Not A Fantasy To Think That Teradyne, Inc. (TER) Has Big Future Potential

Teradyne, Inc. (NASDAQ:TER) currently has a daily average trading volume of 1.78M but it saw 1256499 shares traded in last market. With a market cap of 17.07B USD, the company’s current market price of $111.54 came rising about 3.14 while comparing to the previous closing price of $108.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $119.20 and as low as $81.07.

Taking a look at 20-day trading activity of Teradyne, Inc. (TER) gives us an average price of $106.65, while its current price level is -6.43% below from 52-week high level whereas it is 37.58% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $104.05 while that of 200 days or SMA-200 reads an average of $101.95. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.35% during that period while stretching the period over a month that increases to 2.66%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.18 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JP Morgan which upgraded the stock as “Neutral” in its note to investors issued on February 15, 2024, recommending a price target of between $90 and $100 for it. BofA Securities issued its recommendations for the stock as it downgraded the price target for the stock is $100.

Over the week, TER’s stock price is moving 4.14% up while it is 11.24% when we observe its performance for the past one month. Year-to-date it is 2.78% up and over the past year, the stock is showing an upside performance of 5.88%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.79 beat the consensus estimate of $0.71 for the same. In next quarter, company is expected to be making quarterly sales of $635.91 million as analysts are expecting the sales for current fiscal year at $2.73 billion and seeing the company making $3.35 billion in sales next year. Moreover, analysts are in estimates of $566.46 million for current-quarter revenue.

Currently, Teradyne, Inc.’s total number of outstanding shares is 152.70M. Company’s return on investment (ROI) stands at 17.32% and return on equity (ROE) at 18.03%. It has a price to earnings ratio (P/E ratio) of 40.80 while having a 23.92 of forward P/E ratio. Stock’s beta reads 1.55. Stock has a price to book (P/B) ratio of 6.74 while price to sale or P/S ratio amounts to 6.40. Its return on asset (ROA) is 12.84% on average.