The stock of Precision Optics Corp., Inc. (NASDAQ: POCI) has increased by 5.45 when compared to last closing price of 5.50.Despite this, the company has seen a gain of 8.41% in its stock price over the last five trading days. globenewswire.com reported 2024-09-16 that Dublin, Sept. 16, 2024 (GLOBE NEWSWIRE) — The “Ophthalmic Lens and Precision Optics Manufacturing Machines – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global market for Ophthalmic Lens and Precision Optics Manufacturing Machines was valued at an estimated US$500.8 Million in 2023 and is projected to reach US$596.3 Million by 2030, growing at a CAGR of 2.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Is It Worth Investing in Precision Optics Corp., Inc. (NASDAQ: POCI) Right Now?
The stock has a 36-month beta value of 0.16. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for POCI is 3.99M, and at present, short sellers hold a 0.09% of that float. On September 19, 2024, the average trading volume of POCI was 7.98K shares.
POCI’s Market Performance
The stock of Precision Optics Corp., Inc. (POCI) has seen a 8.41% increase in the past week, with a 13.06% rise in the past month, and a -11.99% fall in the past quarter. The volatility ratio for the week is 12.03%, and the volatility levels for the past 30 days are at 7.29% for POCI. The simple moving average for the past 20 days is 8.46% for POCI’s stock, with a -1.38% simple moving average for the past 200 days.
POCI Trading at 2.26% from the 50-Day Moving Average
After a stumble in the market that brought POCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.94% of loss for the given period.
Volatility was left at 7.29%, however, over the last 30 days, the volatility rate increased by 12.03%, as shares surge +12.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.52% lower at present.
During the last 5 trading sessions, POCI rose by +8.41%, which changed the moving average for the period of 200-days by -3.49% in comparison to the 20-day moving average, which settled at $5.38. In addition, Precision Optics Corp., Inc. saw -3.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at POCI starting from Lawande Mahesh, who purchase 1,726 shares at the price of $5.79 back on Aug 15 ’24. After this action, Lawande Mahesh now owns 1,726 shares of Precision Optics Corp., Inc., valued at $9,994 using the latest closing price.
COLL WAYNE M, the Chief Financial Officer of Precision Optics Corp., Inc., purchase 4,317 shares at $5.79 during a trade that took place back on Aug 15 ’24, which means that COLL WAYNE M is holding 4,317 shares at $24,995 based on the most recent closing price.
Stock Fundamentals for POCI
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.34 for the gross margin
The net margin for Precision Optics Corp., Inc. stands at -0.08. The total capital return value is set at -0.15. Equity return is now at value -15.62, with -8.98 for asset returns.
Based on Precision Optics Corp., Inc. (POCI), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.79. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -8.86.
Currently, EBITDA for the company is -0.43 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 2.01. The receivables turnover for the company is 4.6for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
To sum up, Precision Optics Corp., Inc. (POCI) 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.
