Eltek (ELTK) is currently trading around $11.00, reflecting a slight dip after its Q3 2024 earnings report showed a 13.89% decline in EPS year-over-year despite a 14% revenue increase. Bulls are optimistic due to the $3.5M defense orders extending through 2026, which signal long-term growth potential. With a new dividend policy and anticipated additional orders, ELTK could see upside if it sustains revenue growth and operational efficiency.
