NASDAQ:ELTK

Eltek (ELTK) Stock Forecast, Price & News

$8.82

-1.10 (-11.09%)

(As of 12:08 PM ET)

Compare

Today's Range: $8.38
▼
$9.90
50-Day Range: $3.90
▼
$9.92
52-Week Range: $3.56
▼
$9.96

Volume: 67,578 shs
Average Volume: 21,296 shs
Market Capitalization: $51.60 million

P/E Ratio: 12.42
Dividend Yield: 1.93%
Price Target: N/A

Eltek MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.41% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 13.83%
From $0.94 to $1.07 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Computer And Technology Sector

461st out of 1,226 stocks

Printed Circuit Boards Industry

9th out of 20 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Eltek.

4.0

Short Interest

Percentage of Shares Shorted
0.41% of the float of Eltek has been sold short.
Short Interest Ratio / Days to Cover
Eltek has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Eltek has recently decreased by 2.67%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Eltek pays a meaningful dividend of 2.04%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Eltek does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Eltek is 23.94%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Eltek will have a dividend payout ratio of 15.89% next year. This indicates that Eltek will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ELTK.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Eltek this week, compared to 1 article on an average week.
Search Interest
6 people have searched for ELTK on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Eltek to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Eltek insiders have not sold or bought any company stock.
Percentage Held by Insiders
72.02% of the stock of Eltek is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 2.15% of the stock of Eltek is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Eltek are expected to grow by 13.83% in the coming year, from $0.94 to $1.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Eltek is 12.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.77.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eltek is 12.58, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 312.97.
Price to Book Value per Share Ratio
Eltek has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Eltek (NASDAQ:ELTK) Stock

Eltek Ltd. is engaged in the development, manufacture, marketing, and sale of custom made printed circuit boards. Its products include flex-rigid boards, rigid multilayer boards, high density interconnect, flex and multi-flex boards, Teflon and hybrid boards and backplanes. The company was founded on January 1, 1970 and is headquartered in Petach Tikva, Israel.

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ELTK Stock News Headlines

May 26, 2023 | americanbankingnews.com

Eltek (NASDAQ:ELTK) Coverage Initiated at StockNews.com

May 19, 2023 | finance.yahoo.com

ELTK: Eltek reports strong 1st quarter financial results which supports new price target of $11.00.

June 1, 2023 | Edge On The Street (Ad)

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May 19, 2023 | americanbankingnews.com

StockNews.com Begins Coverage on Eltek (NASDAQ:ELTK)

May 18, 2023 | msn.com

Netflix, Synopsys, Madison Square Garden Entertainment And Other Big Stocks Moving Higher On Thursday

May 18, 2023 | benzinga.com

Eltek shares are trading higher after the company reported better-than-expected Q1 financial results.

May 18, 2023 | msn.com

Earnings Scheduled For May 18, 2023

May 18, 2023 | finance.yahoo.com

Eltek Ltd. Reports 2023 First Quarter Financial Results

June 1, 2023 | Edge On The Street (Ad)

The $193 Billion US-China War You Don't Know About

May 17, 2023 | msn.com

Eltek's Earnings: A Preview

May 16, 2023 | americanbankingnews.com

Eltek (ELTK) Set to Announce Earnings on Thursday

May 9, 2023 | finance.yahoo.com

Eltek Sets Earnings Release Date and Conference Call to Report First Quarter 2023 Results on May 18, 2023

May 9, 2023 | americanbankingnews.com

Eltek (NASDAQ:ELTK) Coverage Initiated by Analysts at StockNews.com

May 2, 2023 | americanbankingnews.com

Eltek (NASDAQ:ELTK) Now Covered by StockNews.com

April 26, 2023 | finance.yahoo.com

Could The Market Be Wrong About Eltek Ltd. (NASDAQ:ELTK) Given Its Attractive Financial Prospects?

April 23, 2023 | americanbankingnews.com

Eltek (NASDAQ:ELTK) Receives New Coverage from Analysts at StockNews.com

April 19, 2023 | americanbankingnews.com

Eltek Ltd. (NASDAQ:ELTK) Sees Large Growth in Short Interest

April 16, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Eltek (NASDAQ:ELTK)

April 8, 2023 | americanbankingnews.com

Eltek Ltd. (NASDAQ:ELTK) Expected to Earn Q1 2023 Earnings of $0.13 Per Share

April 4, 2023 | msn.com

ELTK: INITIATION: Established Israeli based manufacturer of Printed Circuit Boards entering new growth phase. The company is experiencing strong market demand from the military ...

April 4, 2023 | finance.yahoo.com

ELTK: INITIATION: Established Israeli based manufacturer of Printed Circuit Boards entering new growth phase. The company is experiencing strong market demand from the military, defense, space and aerospace industries.

March 23, 2023 | finance.yahoo.com

Eltek Announces Filing of 2022 Annual Report

March 22, 2023 | americanbankingnews.com

Eltek (NASDAQ:ELTK) Now Covered by Analysts at StockNews.com

March 13, 2023 | finance.yahoo.com

Eltek Ltd. (NASDAQ:ELTK) Q4 2022 Earnings Call Transcript

March 9, 2023 | msn.com

Eltek GAAP EPS of $0.14, revenue of $10.48M

March 9, 2023 | finance.yahoo.com

Eltek Ltd. Reports Full year and Fourth Quarter 2022 Financial Results

March 1, 2023 | finance.yahoo.com

Eltek Sets Earnings Release Date and Conference Call to Report Fourth Quarter 2022 and Annual Results on March 9, 2023

See More Headlines

ELTK Price History

30 days | 90 days | 365 days | Advanced Chart

ELTK Company Calendar

Last Earnings: 3/09/2023
Today: 6/01/2023
Next Earnings (Estimated): 8/16/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Printed circuit boards
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:ELTK
CUSIP: N/A
CIK: 1024672
Web: www.nisteceltek.com
Phone: (723) 939-5050
Fax: 972-3934-2584
Employees: 264
Year Founded: 1970

Profitability

EPS (Most Recent Fiscal Year): $0.71
Trailing P/E Ratio: 13.97
Forward P/E Ratio: 10.55
P/E Growth: N/A
Net Income: $3.19 million
Net Margins: 9.97%
Pretax Margin: 12.00%
Return on Equity: 19.53%
Return on Assets: 10.09%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 2.22
Quick Ratio: 1.74

Sales & Book Value

Annual Sales: $39.65 million
Price / Sales: 1.46
Cash Flow: $1.07 per share
Price / Cash Flow: 9.27
Book Value: $3.77 per share
Price / Book: 2.63

Miscellaneous

Outstanding Shares: 5,850,000
Free Float: 1,637,000
Market Cap: $58.03 million
Optionable: Not Optionable
Beta: -1.41

Social Links

Key Executives

Eli Yaffe
Chief Executive Officer

Yitzhak Zemach
Vice President-Operations

Ron Freund
Chief Financial Officer & Vice President-Finance

Sagi Balter
Vice President-Technology & Process Engineering

Shlomi Kisluk
Quality Manager

Key Competitors

View All Competitors

Institutional Ownership

Renaissance Technologies LLC
Bought 5,631 shares on 5/12/2023
Ownership: 1.068%

View All Institutional Transactions

ELTK Stock - Frequently Asked Questions

How have ELTK shares performed in 2023?: Eltek's stock was trading at $4.1143 at the beginning of 2023. Since then, ELTK stock has increased by 141.1% and is now trading at $9.92.
View the best growth stocks for 2023 here.
When is Eltek's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our ELTK earnings forecast.
How were Eltek's earnings last quarter?: Eltek Ltd. (NASDAQ:ELTK) issued its quarterly earnings results on Thursday, March, 9th. The technology company reported $0.14 earnings per share (EPS) for the quarter. Eltek had a net margin of 9.97% and a trailing twelve-month return on equity of 19.53%.
How often does Eltek pay dividends? What is the dividend yield for Eltek?: Eltek announced a dividend on Wednesday, November 23rd. Shareholders of record on Monday, December 12th will be given a dividend of $0.17 per share on Monday, December 19th. This represents a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, December 9th.
Read our dividend analysis for ELTK.
Is Eltek a good dividend stock?: Eltek (NASDAQ:ELTK) pays an annual dividend of $0.17 per share and currently has a dividend yield of 2.27%. The dividend payout ratio is 23.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELTK will have a dividend payout ratio of 15.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ELTK.
When did Eltek's stock split?: Eltek shares reverse split before market open on Wednesday, November 22nd 2017. The 1-5 reverse split was announced on Wednesday, November 15th 2017. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, November 21st 2017. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.
What other stocks do shareholders of Eltek own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Eltek investors own include Inovio Pharmaceuticals (INO), Allena Pharmaceuticals (ALNA), Energy Transfer (ET), Nokia Oyj (NOK), Pfizer (PFE), Plug Power (PLUG), AbbVie (ABBV), Actinium Pharmaceuticals (ATNM) and Cara Therapeutics (CARA).

What is Eltek's stock symbol?: Eltek trades on the NASDAQ under the ticker symbol "ELTK."
Who are Eltek's major shareholders?: Eltek's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (1.07%).
How do I buy shares of Eltek?: Shares of ELTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Eltek's stock price today?: One share of ELTK stock can currently be purchased for approximately $9.92.
How much money does Eltek make?: Eltek (NASDAQ:ELTK) has a market capitalization of $58.03 million and generates $39.65 million in revenue each year. The technology company earns $3.19 million in net income (profit) each year or $0.71 on an earnings per share basis.
How many employees does Eltek have?: The company employs 264 workers across the globe.
Does Eltek have any subsidiaries?: The following companies are subsidiares of Eltek: Eltek Europe GmbH, and Eltek USA Inc..
Read More
How can I contact Eltek?: Eltek's mailing address is 20 BEN ZION GELIS STREET SGOOLA INDUSTRIAL ZONE, PETACH TIKVA L3, 4927920. The official website for the company is www.nisteceltek.com. The technology company can be reached via phone at (723) 939-5050, via email at cntf@globalirpartners.com, or via fax at 972-3934-2584.

This page (NASDAQ:ELTK) was last updated on 6/1/2023 by MarketBeat.com Staff

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