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Weak FY '20 Performance Could Drag Diodes Incorporated Stock Lower

Feb 28, 2021 - Nasdaq

Diodes Incorporated stock (NASDAQ: DIOD) is up almost 50% since the beginning of 2020, and at the current price of around $82 per share, we believe that Diodes stock has around 15% potential downside.

Why is that? Our belief stems from the fact that Diodes stock has rallied almost 3x from the low seen at the end of 2017, more than 3 years ago. Further, after posting weak full-year 2020 numbers, and with demand still not up to pre-Covid levels, we believe Diodes’ stock could drift lower. ...