Entegris Inc (NASDAQ: ENTG) Trading above Its 20 Day MA ($129.43), Why Showing An Interesting Price Pattern?

Entegris Inc (NASDAQ:ENTG) does about 1.48M shares in volume on a normal day but saw 1447841 shares change hands in Friday’s trading. The company now has a market cap of 19.84B USD. Its current market price is $131.55, marking an increase of 1.68% compared to the previous close of $129.38. The 52 week high reached by this stock is $146.91 whilst the lowest price level in 52 weeks is $77.80.

Entegris Inc (ENTG) has a 20-day trading average at $129.43 and the current price is -10.46% off the 52-week high compared with 69.09% distance from its 52-week low. The 50-day simple moving average of the closing price is $135.01 and its 200-day simple moving average is $113.17. If we look at the stock’s price movements over the week, volatility stands at 1.73%, which increases to 3.32% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.02 to suggest the stock is neutral.

The consensus objective for the share price is $147.12, suggesting that the stock has a potential upside of 10.58% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 01, 2024 when Wolfe Research initiated the stock to “Outperform” and issued a price target of $160. Mizuho downgraded the stock to “Neutral” from Buy on February 20, 2024 at a price target of $140. Craig Hallum upgraded its price target at $150.

Entegris Inc (ENTG) stock is down -0.19% over the week and -5.42% over the past month. Its price is 9.79% year-to-date and 68.42% over the past year.

To reach the target analysts have set, the stock logically needs to grow 10.58 percent from here.

The company has a return on investment of 4.09% and return on equity of 9.52%. The price to earnings ratio (P/E ratio) amounts to 63.27 while the forward price to earnings ratio is 29.45. The beta has a value of 1.25. Price to book ratio is 5.78 and price to sales ratio is 5.88.