The Chaikin Power Gauge RatingTM for Intevac, Inc. $IVAC is bearish due to very weak earnings performance, very negative expert opinions and bearish price/volume activity. The rating also reflects very attractive financial metrics. IVAC's earnings performance is very weak as a result of a relatively high projected P/E ratio. Expert opinions about IVAC are very negative which is evidenced by analysts revising earnings estimates downward.
IVAC's financial metrics are excellent. The company does not hold much long term debt and may be undervalued. The rank is based on a low long term debt to equity ratio, low price to book value and relatively high cash flow.
IVAC's earnings performance has been very weak. The company is priced relatively high compared to next year's projected EPS and has a history of weak earnings growth. The rank is based on poor EPS growth over the past 3-5 years, better than expected earnings in recent quarters, a relatively high projected P/E ratio and inconsistent earnings over the past 5 years.
Price and volume activity for IVAC is bearish. IVAC has underperformed the S&P 500 over 26 weeks and has a declining price trend. The rank for IVAC is based on its relative weakness versus the market, negative Chaikin money flow, a negative Chaikin price trend and a positive Chaikin price trend ROC.
Expert opinions about IVAC are very negative. Analysts are lowering their EPS estimates for IVAC and insiders are not net buyers of IVAC's stock. The rank for IVAC is based on analysts revising earnings estimates downward, insiders not purchasing significant amounts of stock, optimistic analyst opinions and relative weakness of the stock versus the Misc Technology industry group.
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Marc Chaikin is a recognized expert in stock market analysis. He developed computerized stock selection models for professional money managers as well as for individual investors. In addition, he pioneered and created the first real-time analytics workstation for portfolio managers and stock traders; his proprietary analytics are now part of Thomson Reuters’ institutional workstation.
Marc also created the widely-used Chaikin Oscillator and Chaikin Persistency of Money Flow, the basis of Investor’s Business Daily’s Accumulation/Distribution Rating. His indicators’ predictive value has made them de facto standards in most technical analysis software packages.