The price-to-earnings ratio for Camtek Ltd (NASDAQ: CAMT) is above average at 55.33x. The 36-month beta value for CAMT is also noteworthy at 1.34. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CAMT is 27.64M, and at present, short sellers hold a 7.93% of that float. The average trading volume of CAMT on May 09, 2024 was 423.68K shares.
CAMT) stock’s latest price update
The stock of Camtek Ltd (NASDAQ: CAMT) has increased by 5.63 when compared to last closing price of 84.37.Despite this, the company has seen a gain of 11.37% in its stock price over the last five trading days. InvestorPlace reported 2024-03-13 that Semiconductor stocks are attracting attention this year as artificial intelligence (AI) adoption leads to a mushrooming growth in the demand for chips. The sector’s success will have significant implications on the U.S. economy due to the ubiquitous demand for microprocessors.
CAMT’s Market Performance
Camtek Ltd (CAMT) has experienced a 11.37% rise in stock performance for the past week, with a 11.21% rise in the past month, and a 14.39% rise in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are at 3.85% for CAMT. The simple moving average for the past 20 days is 11.00% for CAMT’s stock, with a 34.74% simple moving average for the past 200 days.
Analysts’ Opinion of CAMT
Many brokerage firms have already submitted their reports for CAMT stocks, with Evercore ISI repeating the rating for CAMT by listing it as a “Outperform.” The predicted price for CAMT in the upcoming period, according to Evercore ISI is $100 based on the research report published on April 16, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CAMT reach a price target of $82, previously predicting the price at $65. The rating they have provided for CAMT stocks is “Overweight” according to the report published on January 16th, 2024.
B. Riley Securities gave a rating of “Buy” to CAMT, setting the target price at $75 in the report published on December 06th of the previous year.
CAMT Trading at 11.40% from the 50-Day Moving Average
After a stumble in the market that brought CAMT to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.05% of gains for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares surge +11.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.45% upper at present.
During the last 5 trading sessions, CAMT rose by +13.25%, which changed the moving average for the period of 200-days by +105.92% in comparison to the 20-day moving average, which settled at $80.77. In addition, Camtek Ltd saw 30.56% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CAMT
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.47 for the gross margin
The net margin for Camtek Ltd stands at 0.25. The total capital return value is set at 0.09. Equity return is now at value 18.28, with 10.72 for asset returns.
Based on Camtek Ltd (CAMT), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is -12.8.
Currently, EBITDA for the company is 95.25 million with net debt to EBITDA at 1.18. When we switch over and look at the enterprise to sales, we see a ratio of 13.03. The receivables turnover for the company is 3.61for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.66.
Conclusion
In summary, Camtek Ltd (CAMT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
