How to buy Eltek stock - 07 March

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How to buy Eltek stock

Own Eltek stock in just a few minutes.

Fact checked

Eltek Ltd is an electronic components business based in the US. Eltek shares (ELTK) are listed on the NASDAQ and all prices are listed in US Dollars. Eltek employs 286 staff and has a trailing 12-month revenue of around USD$35.8 million.

How to buy shares in Eltek

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Eltek. Find the stock by name or ticker symbol: ELTK. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Eltek reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Eltek, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Eltek. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Eltek share price

Use our graph to track the performance of ELTK stocks over time.

Eltek shares at a glance

Information last updated 2021-03-03.
52-week rangeUSD$2.28 - USD$8.12
50-day moving average USD$5.8736
200-day moving average USD$5.1112
Wall St. target priceN/A
PE ratio 10.7525
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.505

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Eltek stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Eltek under- or over-valued?

Valuing Eltek stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Eltek's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Eltek's P/E ratio

Eltek's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Eltek shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Eltek's EBITDA

Eltek's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$4 million.

The EBITDA is a measure of a Eltek's overall financial performance and is widely used to measure a its profitability.

Eltek financials

Revenue TTM USD$35.8 million
Operating margin TTM 6.81%
Gross profit TTM USD$6 million
Return on assets TTM 6.6%
Return on equity TTM 31.42%
Profit margin 6.18%
Book value $1.883
Market capitalisation USD$31.7 million

TTM: trailing 12 months

Shorting Eltek shares

There are currently 2,804 Eltek shares held short by investors – that's known as Eltek's "short interest". This figure is 49.7% down from 5,575 last month.

There are a few different ways that this level of interest in shorting Eltek shares can be evaluated.

Eltek's "short interest ratio" (SIR)

Eltek's "short interest ratio" (SIR) is the quantity of Eltek shares currently shorted divided by the average quantity of Eltek shares traded daily (recently around 40057.142857143). Eltek's SIR currently stands at 0.07. In other words for every 100,000 Eltek shares traded daily on the market, roughly 70 shares are currently held short.

However Eltek's short interest can also be evaluated against the total number of Eltek shares, or, against the total number of tradable Eltek shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Eltek's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Eltek shares in existence, roughly 0 shares are currently held short) or 0.0009% of the tradable shares (for every 100,000 tradable Eltek shares, roughly 1 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Eltek.

Find out more about how you can short Eltek stock.

Eltek share dividends

We're not expecting Eltek to pay a dividend over the next 12 months.

Have Eltek's shares ever split?

Eltek's shares were split on a 1:5 basis on 22 November 2017. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Eltek shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Eltek shares which in turn could have impacted Eltek's share price.

Eltek share price volatility

Over the last 12 months, Eltek's shares have ranged in value from as little as $2.28 up to $8.12. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Eltek's is -2.7172. This would suggest that Eltek's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Eltek has bucked the trend.

Eltek overview

Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs; and flexible circuitry, such as flex and flex-rigid boards. It primarily serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and others. The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was founded in 1970 and is headquartered in Petach Tikva, Israel. Eltek Ltd. is a subsidiary of Nistec Golan Ltd.

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