Photronics Inc. (NASDAQ:PLAB) went up by 0.58% from its latest closing price compared to the recent 1-year high of $25.81. The company’s stock price has collected 3.49% of gains in the last five trading sessions. Barron’s reported on 08/30/22 that Photronics Stock Set for Biggest Drop in 14 Years. Blame the Outlook.
Is It Worth Investing in Photronics Inc. (NASDAQ :PLAB) Right Now?
Photronics Inc. (NASDAQ:PLAB) scored a price-to-earnings ratio above its average ratio, recording 11.43 x from its present earnings ratio. Plus, the 36-month beta value for PLAB is at 1.14. Opinions of the stock are interesting as 2 analysts out of 2 who provided ratings for Photronics Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $25.50, which is $6.51 above the current price. PLAB currently public float of 59.84M and currently shorts hold a 3.13% ratio of that float. Today, the average trading volume of PLAB was 935.50K shares.
PLAB’s Market Performance
PLAB stocks went up by 3.49% for the week, with a monthly jump of 16.22% and a quarterly performance of -24.67%, while its annual performance rate touched 36.62%. The volatility ratio for the week stands at 3.09% while the volatility levels for the past 30 days are set at 3.46% for Photronics Inc. The simple moving average for the period of the last 20 days is 8.26% for PLAB stocks with a simple moving average of 4.96% for the last 200 days.
Analysts’ Opinion of PLAB
Many brokerage firms have already submitted their reports for PLAB stocks, with Stifel repeating the rating for PLAB by listing it as a “Buy.” The predicted price for PLAB in the upcoming period, according to Stifel is $21 based on the research report published on April 11th of the current year 2022.
Stifel, on the other hand, stated in their research note that they expect to see PLAB reach a price target of $13. The rating they have provided for PLAB stocks is “Hold” according to the report published on February 25th, 2021.
Stifel gave a rating of “Buy” to PLAB, setting the target price at $13 in the report published on September 11th of the previous year.
PLAB Trading at 17.59% from the 50-Day Moving Average
After a stumble in the market that brought PLAB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.42% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares surge +15.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.03% upper at present.
During the last 5 trading sessions, PLAB rose by +3.49%, which changed the moving average for the period of 200-days by +2.76% in comparison to the 20-day moving average, which settled at $17.67. In addition, Photronics Inc. saw 0.74% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PLAB starting from TYSON MITCHELL G, who sale 2,000 shares at the price of $16.53 back on Nov 01. After this action, TYSON MITCHELL G now owns 60,379 shares of Photronics Inc., valued at $33,060 using the latest closing price.
TYSON MITCHELL G, the Director of Photronics Inc., sale 2,000 shares at $15.00 during a trade that took place back on Oct 03, which means that TYSON MITCHELL G is holding 62,379 shares at $30,000 based on the most recent closing price.
Stock Fundamentals for PLAB
Current profitability levels for the company are sitting at:
- +13.71 for the present operating margin
- +25.17 for the gross margin
The net margin for Photronics Inc. stands at +8.35. Equity return is now at value 12.10, with 7.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.13.