IQE (LON:IQE) Shares Rise by 17.4% - Should You Buy Now?

IQE plc (LON:IQE) experienced a significant increase in its stock price, soaring by 17.4% during trading on a recent Friday. The shares peaked at GBX 15.98 ($0.20) before ending the day at GBX 15.50 ($0.19). A remarkable 14,424,722 shares changed hands, marking a 374% surge in volume compared to the average trading session of 3,041,568 shares. In the previous session, the stock had closed at GBX 13.20 ($0.16).

IQE Stock Performance

The financial metrics for IQE provide insight into its current standing. The company holds a debt-to-equity ratio of 49.21, a quick ratio of 0.97, and a current ratio of 1.37. With a market capitalization of £149.87 million, IQE has a price-to-earnings (PE) ratio of -775.00 and a price-to-earnings growth (PEG) ratio of 12.70. The beta for the stock is 1.86, indicating higher volatility compared to the market. The fifty-day simple moving average stands at GBX 11.54, while the two-hundred-day moving average is at GBX 18.61.

About IQE

IQE is recognized as a leading supplier of compound semiconductor wafer products and advanced material solutions within the global semiconductor industry.

Should You Invest in IQE?

It is essential to assess whether investing in IQE is advisable at this point. MarketBeat has been tracking top-rated analysts, and they have identified five stocks that they recommend as better investment opportunities at this time, notably excluding IQE from their top picks.

Despite IQE maintaining a "Buy" rating from analysts, there are indications that other investment options might be more appealing.

Investors are encouraged to evaluate market trends, particularly in sectors related to energy, as global energy demand continues to rise.

IQE, Stocks, Investment