How have the shares performed?
CPS Technologies Corporation (CPSH) saw an uptrend of 1.95% in the recent trading with $6.26 being its most recent. The current price level -79.13% lower than the highest price of $30.00 marked by the stock while trading over the past 52-weeks, whereas it is 367.16% higher than the lowest price of $1.34 the company dropped to over past 52-weeks. The latest news story on CPSH appeared in GlobeNewswire under the title “CPS Technologies Corporation Receives Additional HybridTech Armor® Panels Order For U.S. Aircraft Carriers” on May-20-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -26.70% below one month high and is +23.23% above of the lowest during that time. Looking into the simple moving average, CPS Technologies Corporation (CPSH)’s stock stands at a SMA-50 of $8.96 while that of 5-day is reading $6.05.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CPSH’s SMA-200 as of now is $6.74.
CPS Technologies Corporation Earnings – What Happened With CPSH
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $4.87 billion.
CPSH – CPS Technologies Corporation Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 13.58 million. CPSH does have institutional investors; and they hold 11.60% of the stock.
CPS Technologies Corporation – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 14 new insider purchases involving 2,649,206 shares. On the other hand, CPSH declared 653,175 shares have been sold in 47 insider transactions over the past three months.
As on Mar 30, 2021, Vanguard Group, Inc. (The) was the top most holder in CPS Technologies Corporation (NASDAQ:CPSH) with an ownership of 0.46 million shares of the company or 3.23% of the stake worth $6.08 million. The filing also reveals Millennium Management LLC as the second largest holder in the company with a control over 1.69% of the outstanding shares. Its stake is worth $3.18 million for having 0.24 million shares in hand.
CIBC Private Wealth Group, LLC also came holding a key position in the company during the recent quarter and it now holds 1.54% of the outstanding shares. With this there are now 38 institutions which have possession in CPSH’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by CPS Technologies Corporation was 3.81 while posting a debt to equity ratio of 0.06. The count was 2.43 for long-term debt to equity ratio.
CPS Technologies Corporation’s return on equity, or ROE, is 5.30%, compared to the industry average of 5.67% for Technology – Electronic Components. Although this indicates that CPSH fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of CPS Technologies Corporation (NASDAQ:CPSH) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for CPS Technologies Corporation (CPSH), we notice that the stock’s 20-day average volume is at 1,082,740 shares and 100% of short term indicators are suggesting the stock as Sell. Its 50-day average volume of 816,700 shares. And to end, CPSH’s 100-day average volume is 2,047,135 shares with 50% of the long-term indicators pointing towards Sell for the stock.