Adesto Technologies Corporation (IOTS) Stock: Is This Tech Stock Worth Your Investment?

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Adesto Technologies Corporation (IOTS) is working its way for to the top in the market today. The stock, one that is focused in the tech sector, is currently trading at $7.51 after gaining 6.83% so far today. In terms of technology companies, there are several factors that have the potential to generate gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories surrounding IOTS:

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May-10-19 11:38AM Edited Transcript of IOTS earnings conference call or presentation 7-May-19 9:00pm GMT
May-09-19 09:00AM Adesto Technologies to Participate at Upcoming Investor Events
May-07-19 08:35PM Adesto Technologies (IOTS) Reports Q1 Loss, Tops Revenue Estimates
07:26PM Adesto Tech: 1Q Earnings Snapshot
04:05PM Adesto Technologies Reports First Quarter 2019 Financial Results

However, any time investors are making a decision with regard to investing, prospective investors should take a look at far more than just news, especially in the ever evolving technology industry. Here’s what’s happing when it comes to Adesto Technologies Corporation.

How IOTS Has Been Trending

Although a move toward the top in a single session, like what we’re seeing from Adesto Technologies Corporation might cause excitement in some investors, a single session gain alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally important to look at trends beyond a single trading day. In the case of IOTS, here are the returns that we have seen:

  • Weekly – In the last 5 trading sessions, IOTS has seen a price change that amounts to -3.59%.
  • Past 30 Days – The ROI from Adesto Technologies Corporation throughout the last 30 days has been 21.32%.
  • Past Three Months – Throughout the past three months, the company has generated a return that comes to 38.31%
  • Bi-Annually – In the previous 6 months, investors have seen a performance that equates to 57.11% from the company.
  • YTD – Since the close of last year IOTS has generated a ROI of 70.68%.
  • Annually – Finally, throughout the last full year, we have seen a change amounting to -13.68% out of IOTS. Over this period, the stock has traded at a high price of -30.46% and a low of 113.96%.

Key Ratios

Digging into a few ratios associated with a company can give traders a look of just how dangerous and/or potentially profitable a pick might be. Below are some of the key ratios to consider when digging into IOTS.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the value of the stock is going to tumble. Throughout the sector, strong tech stocks tend to have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the sector. Nonetheless, with regard to Adesto Technologies Corporation, it’s short ratio amounts to 16.61.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure whether or not a company can pay its debts as they mature based on quick assets or current assets. Because in tech, several companies rely on continued support from investors as they work to bring new technologies to market, the current and quick ratios can look upsetting. Nonetheless, quite a few good picks in the technology industry do have great quick and current ratios. As it relates to IOTS, the quick and current ratios work out to 0.90 and 1.30 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. In this case, that ratio equates to 2.13.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. In terms of IOTS, the cash to share value ratio is 0.

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in IOTS, here’s what we’re seeing:

  • Institutional Investors – Currently, institutional investors own 69.20% of Adesto Technologies Corporation. On the other hand, it is worth mentioning that institutional ownership has seen a move in the amount of -4.61% throughout the last 3 months.
  • Insiders – When it comes to insiders, members of the management team and others close to IOTS currently hold 4.90% of the company. Insider ownership of the company has seen a move of 0.00% over the last 3 months.

How Analysts Feel About Adesto Technologies Corporation

While it’s rarely a good idea to blindly follow the opinions of analysts, it is a good idea to consider their analysis when validating your own due diligence before making investment decisions in the technology sector. Below you’ll find the most recent moves that we’ve seen from analysts when it comes to IOTS.

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Jun-29-18 Reiterated The Benchmark Company Buy $10 → $11
Mar-20-18 Initiated B. Riley FBR, Inc. Buy $10
Mar-19-18 Initiated Northland Capital Outperform
May-12-17 Reiterated Needham Strong Buy $6 → $7
Apr-07-17 Reiterated The Benchmark Company Buy $5 → $7

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.23. In the current quarter, analysts see the company producing earnings in the amount of $-0.04. Over the last 5 years, IOTS has generated revenue in the amount of $10.90% with earnings coming in at -11.20%. On a quarter over quarter basis, earnings have seen movement of -154.30% and revenue has seen movement of 73.50%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 28.31M shares of Adesto Technologies Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, IOTS has a float of 28.25M.

I also like to follow the short percentage of the float. Think about it, when a large percentage of the float available for trading is shorted, the overall feeling in the market is that the equity is headed for a dive. As far as it relates to IOTS, the short percentage of the float totals up to 9.51%. Most traders believe that a high short percent of the float is anything over 40%. Nonetheless, I’ve seen that anything over 26% is likely a play that comes with hefty risk.

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