In the past week, CAMT stock has gone up by 8.19%, with a monthly gain of 16.14% and a quarterly surge of 46.35%. The volatility ratio for the week is 4.50%, and the volatility levels for the last 30 days are 4.34% for Camtek Ltd The simple moving average for the past 20 days is 12.43% for CAMT’s stock, with a 65.86% simple moving average for the past 200 days.
Is It Worth Investing in Camtek Ltd (NASDAQ: CAMT) Right Now?
Camtek Ltd (NASDAQ: CAMT) has a higher price-to-earnings ratio of 71.02x compared to its average ratio. CAMT has 36-month beta value of 1.42. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CAMT is 27.66M, and currently, short sellers hold a 10.61% ratio of that float. The average trading volume of CAMT on June 27, 2024 was 442.56K shares.
CAMT) stock’s latest price update
Camtek Ltd (NASDAQ: CAMT)’s stock price has increased by 6.43 compared to its previous closing price of 117.76. However, the company has seen a 8.19% increase in its stock price over the last five trading sessions. zacks.com reported 2024-06-27 that TPL, MATX and CAMT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 27, 2024.
Analysts’ Opinion of CAMT
Jefferies, on the other hand, stated in their research note that they expect to see CAMT reach a price target of $120, previously predicting the price at $100. The rating they have provided for CAMT stocks is “Buy” according to the report published on May 13th, 2024.
Evercore ISI gave a rating of “Outperform” to CAMT, setting the target price at $100 in the report published on April 16th of the current year.
CAMT Trading at 28.33% 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 1.96% of gains for the given period.
Volatility was left at 4.34%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares surge +15.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.10% upper at present.
During the last 5 trading sessions, CAMT rose by +8.20%, which changed the moving average for the period of 200-days by +118.42% in comparison to the 20-day moving average, which settled at $112.32. In addition, Camtek Ltd saw 83.62% 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 0.11. Equity return is now at value 20.32, with 11.49 for asset returns.
Based on Camtek Ltd (CAMT), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02.
Currently, EBITDA for the company is 95.25 million with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 16.87. The receivables turnover for the company is 3.94for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.66.
Conclusion
To put it simply, Camtek Ltd (CAMT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
