The stock of Camtek Ltd (CAMT) has seen a -7.69% decrease in the past week, with a -10.60% drop in the past month, and a 33.54% flourish in the past quarter. The volatility ratio for the week is 6.14%, and the volatility levels for the past 30 days are at 4.77% for CAMT. The simple moving average for the past 20 days is -16.74% for CAMT’s stock, with a 26.29% 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 price-to-earnings ratio that is above its average at 58.62x. The stock has a 36-month beta value of 1.44. Opinions on the stock are mixed, 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 at present, short sellers hold a 10.63% of that float. On July 25, 2024, the average trading volume of CAMT was 544.59K shares.
CAMT) stock’s latest price update
The stock of Camtek Ltd (NASDAQ: CAMT) has decreased by -4.99 when compared to last closing price of 108.87.Despite this, the company has seen a loss of -7.69% in its stock price over the last five trading days. prnewswire.com reported 2024-07-22 that MIGDAL HA’EMEK, Israel, July 22, 2024 /PRNewswire/ — Camtek Ltd. (Nasdaq: CAMT) (TASE: CAMT) announced that it would be releasing its financial results for the second quarter 2024 on Thursday, August 1, 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 -9.27% 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 unable to rebound, for now settling with -26.38% of loss for the given period.
Volatility was left at 4.77%, however, over the last 30 days, the volatility rate increased by 6.14%, as shares sank -12.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.45% upper at present.
During the last 5 trading sessions, CAMT fell by -7.64%, which changed the moving average for the period of 200-days by +63.43% in comparison to the 20-day moving average, which settled at $123.52. In addition, Camtek Ltd saw 51.54% 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 13.95. 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 sum up, Camtek Ltd (CAMT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
