Intevac - IVAC Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Intevac in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IVAC shares.
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1 Wall Street research analysts have issued 1-year target prices for Intevac's shares. Their IVAC share price forecasts range from $9.00 to $9.00. On average, they predict the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price.
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Intevac's stock was trading at $6.47 at the start of the year. Since then, IVAC shares have increased by 9.4% and is now trading at $7.08.
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Intevac saw a drop in short interest in January. As of January 15th, there was short interest totaling 86,400 shares, a drop of 7.7% from the December 31st total of 93,600 shares. Based on an average trading volume of 71,400 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
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Intevac, Inc. (NASDAQ:IVAC) posted its quarterly earnings data on Sunday, October, 31st. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.08. The electronics maker earned $14.79 million during the quarter. Intevac had a negative net margin of 47.75% and a negative trailing twelve-month return on equity of 11.27%. During the same period in the prior year, the company posted ($0.01) earnings per share.

Intevac updated its first quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of -$0.20--$0.16 for the period, compared to the consensus earnings per share estimate of -$0.21. The company issued revenue guidance of $10.50 million-$11.50 million, compared to the consensus revenue estimate of $7.05 million.

3 employees have rated Intevac Chief Executive Officer Wendell Blonigan on Glassdoor.com. Wendell Blonigan has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Intevac investors own include Intelsat (I), Nabors Industries (NBR), Cypress Semiconductor (CY), Micron Technology (MU), AMC Entertainment (AMC), Advanced Micro Devices (AMD), Bank of America (BAC), Intel (INTC), Starbucks (SBUX) and Zynga (ZNGA).

Intevac trades on the NASDAQ under the ticker symbol "IVAC."

Intevac's stock is owned by a variety of retail and institutional investors. Top institutional investors include Seelaus Asset Management LLC (0.08%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include David S Dury, James P Moniz, Jay Cho, Lp Bleichroeder, Michele Klein, Nigel Hunton, Timothy Justyn and Wendell Thomas Blonigan.
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Shares of IVAC 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.
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One share of IVAC stock can currently be purchased for approximately $7.08.

Intevac (NASDAQ:IVAC) has a market capitalization of $180.12 million and generates $35.76 million in revenue each year. The electronics maker earns $-17,080,000.00 in net income (profit) each year or ($0.68) on an earnings per share basis.

The company employs 148 workers across the globe.

Intevac's mailing address is 3560 BASSETT STREET, SANTA CLARA CA, 95054. The official website for the company is www.intevac.com. The electronics maker can be reached via phone at (408) 986-9888 or via fax at 408-988-8145.