The price-to-earnings ratio for Photronics, Inc. (NASDAQ: PLAB) is 11.62x, which is above its average ratio. Moreover, the 36-month beta value for PLAB is 1.40. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PLAB is 58.00M and currently, short sellers hold a 4.27% of that float. On August 29, 2024, PLAB’s average trading volume was 484.87K shares.
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PLAB) stock’s latest price update
Photronics, Inc. (NASDAQ: PLAB)’s stock price has gone rise by 4.03 in comparison to its previous close of 24.08, however, the company has experienced a 4.46% increase in its stock price over the last five trading days. globenewswire.com reported 2024-08-29 that BROOKFIELD, Conn., Aug. 29, 2024 (GLOBE NEWSWIRE) — Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask technologies and solutions, today reported financial results for its third quarter of fiscal year 2024 ended July 28, 2024.
PLAB’s Market Performance
Photronics, Inc. (PLAB) has experienced a 4.46% rise in stock performance for the past week, with a -1.42% drop in the past month, and a -7.60% drop in the past quarter. The volatility ratio for the week is 3.22%, and the volatility levels for the past 30 days are at 4.10% for PLAB. The simple moving average for the past 20 days is 9.13% for PLAB’s stock, with a -6.92% simple moving average for the past 200 days.
Analysts’ Opinion of PLAB
Stifel, on the other hand, stated in their research note that they expect to see PLAB reach a price target of $21, previously predicting the price at $19. The rating they have provided for PLAB stocks is “Buy” according to the report published on April 11th, 2022.
Stifel gave a rating of “Hold” to PLAB, setting the target price at $13 in the report published on February 25th of the previous year.
PLAB Trading at 2.15% 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 -26.67% of loss for the given period.
Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares surge +5.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.44% lower at present.
During the last 5 trading sessions, PLAB rose by +3.50%, which changed the moving average for the period of 200-days by +22.63% in comparison to the 20-day moving average, which settled at $23.02. In addition, Photronics, Inc. saw -20.15% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PLAB
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.37 for the gross margin
The net margin for Photronics, Inc. stands at 0.15. The total capital return value is set at 0.17. Equity return is now at value 13.65, with 8.77 for asset returns.
Based on Photronics, Inc. (PLAB), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 14.26. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 81166.67.
Currently, EBITDA for the company is 333.88 million with net debt to EBITDA at -1.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 4.22for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.32.
Conclusion
To wrap up, the performance of Photronics, Inc. (PLAB) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
