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

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Adesto Technologies Corporation (IOTS) is making a move down in the market in today’s trading session. The stock, focused in the technology space, is presently priced at $10.22 after heading down -7.09% so far in today’s session. When it comes to technology stocks, there are a number of aspects that have the potential to cause movement in the market. News is one of the most common reasons for movement. Here are the recent headlines surrounding IOTS:

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Aug-16-19 08:03AM Will Adesto Continue to Surge Higher?
Aug-14-19 09:00AM Adesto to Participate at Jefferies Semiconductor, Hardware and Communications Infrastructure Summit on August 27
Aug-13-19 06:35AM Are Insiders Selling Adesto Technologies Corporation (NASDAQ:IOTS) Stock?
Aug-12-19 07:28PM Edited Transcript of IOTS earnings conference call or presentation 6-Aug-19 9:00pm GMT
Aug-08-19 09:00AM Adestos FT 6050 Smart Transceiver Now Natively Supports both LonWorks® and BACnet® Protocols

Nonetheless, when making a decision to invest, prospective investors should look into far more than news, this is especially the case in the ever changing tech industry. Here’s what’s going on with Adesto Technologies Corporation.

The Performance That We’ve Seen From IOTS

While a single session decline, like the move that we’re seeing from Adesto Technologies Corporation might cause fear in some investors, a single session fall alone should not be the reason for a decision to, or not to, buy a company’s stock. It is always a good idea to look at trends experienced by the stock beyond a single trading session. When it comes to IOTS, below are the returns on investment that we have seen:

  • Past 7 Days – Throughout the last 5 trading sessions, IOTS has seen a price change amounting to -1.35%.
  • Past 30 Days – The ROI from Adesto Technologies Corporation in the last 30 days comes to 22.98%.
  • Past Three Months – Throughout the last 3 months, the stock has produced a return that comes to 29.86%
  • Bi-Annually – Over the past 6 months, we have seen a change of 72.93% from the company.
  • This Year So Far – Since the close of last year IOTS has generated a return of 132.27%.
  • Full Year – Lastly, in the past full year, we have seen performance amounting to 79.30% from IOTS. Throughout this period, the stock has traded at a high of -14.62% and a low of 191.17%.

Ratios Of Note

Looking at various ratios having to do with a company can give prospective investors an understanding of just how dangerous and/or rewarding a pick may be. Below are a few of the key ratios to consider when digging into IOTS.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the amount of short interest. As the ratio heads up, it means that more investors believe that the value of the stock is headed for declines. Across the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, with regard to Adesto Technologies Corporation, it’s short ratio is 5.85.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure If a company is able to pay its debts as they mature with only current assets or quick assets. Because in tech, several companies rely on continued support from investors as they work to bring new technologies to market, the quick and current ratios can look damning. Nonetheless, several gems in the technology space do have great quick and current ratios. As far as IOTS, the quick and current ratios work out to 0.80 and 1.10 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets owned by the company. In this particular case, that ratio is 1.83.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value comes to 0.

What Institutions And Insiders Think Of Adesto Technologies Corporation

One thing that I’ve learned so far in my short time on Earth is that good investors tend to follow the moves made by big money investors. That is to say, investors that are looking to keep the risk down will keep an eye on trades made by institutions as well as those on the inside. So, how does the big money flow as it relates to IOTS? Here’s the scoop:

Institutions own 73.90% of the company. Institutional interest has moved by 3.95% over the past three months. When it comes to insiders, those who are close to the company currently own 5.00% percent of IOTS shares. Institutions have seen ownership changes of an accumulative -3.18% over the last three months.

How Analysts Feel About Adesto Technologies Corporation

While it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their analysis to validate your own due diligence before making investment decisions in the tech sector. Below you’ll find the recent moves that we have seen from analysts when it comes to IOTS.

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Aug-12-19 Downgrade Northland Capital Outperform → Market Perform $10
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

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.26. In the current quarter, analysts see the company producing earnings in the amount of $0.02. 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 38.50% and revenue has seen movement of 65.90%.

Looking At Share Counts

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 29.31M 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 28.98M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to IOTS, the short percent of the float is 5.39%.

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