XPEL, Inc. (NASDAQ:XPEL), a company specializing in coating, engraving, and allied services, has reported a recent stock purchase by one of its directors. John F. North, a member of XPEL's board, acquired additional shares of the company's common stock, signaling confidence in the firm's prospects.
On May 8, 2024, North purchased 3,000 shares at a weighted average price of $32.17 per share, totaling approximately $96,510. The transaction was executed in multiple trades with prices ranging from $32.115 to $32.20, as detailed in a footnote of the filing. Following this transaction, North's total ownership in XPEL increased to 3,799 shares.
Investors often monitor insider transactions, such as purchases and sales of company stock by executives and directors, for insights into the leadership's view of the company's value and future performance. While such transactions can be subject to various personal financial strategies, a purchase often can be interpreted as a positive sign that insiders believe the stock is undervalued or that there is growth potential ahead.
XPEL, headquartered in San Antonio, Texas, continues to operate within the manufacturing sector, providing products and services that protect the surface of vehicles. The company's commitment to innovation and quality has positioned it as a notable player in the industry.
The details of this transaction were made public through a Form 4 filing with the U.S. Securities and Exchange Commission, which provides transparency on insider trades. Shareholders and potential investors can access this information to stay informed about significant insider activities within XPEL, Inc.
InvestingPro Insights
As XPEL, Inc. (NASDAQ:XPEL) sees insider activity with John F. North's recent stock purchase, investors are keen to understand the company's financial health and market position. According to InvestingPro data, XPEL's market capitalization stands at $914.31 million, and the stock is currently trading at a P/E ratio of 18.98. The company's revenue has shown an impressive growth of 18.52% over the last twelve months as of Q1 2024, underscoring its potential in the competitive coating and engraving industry.
However, it's notable that XPEL's stock has experienced significant price volatility recently. An InvestingPro Tip highlights that the stock has fared poorly over the last month, with a 45.41% decline in price total return. Additionally, the stock is trading at a high Price / Book multiple of 4.9, which may suggest a premium compared to its book value. Despite this, the company's liquid assets exceed short-term obligations, and its cash flows can sufficiently cover interest payments, indicating a solid financial footing.
For investors seeking a deeper analysis, InvestingPro offers additional insights and metrics. Currently, there are 16 more InvestingPro Tips available for XPEL, which can provide further clarity on the stock's performance and outlook. For those interested in accessing these expert tips, be sure to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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