Camtek Ltd (NASDAQ: CAMT) has seen a decline in its stock price by -4.99 in relation to its previous close of 79.56. However, the company has experienced a -2.67% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-30 that MIGDAL HA’EMEK, Israel, Oct. 30, 2024 /PRNewswire/ — Camtek Ltd. (Nasdaq: CAMT) (TASE: CAMT) announced that it would be releasing its financial results for the third quarter 2024 on Tuesday, November 12, 2024.
Is It Worth Investing in Camtek Ltd (NASDAQ: CAMT) Right Now?
The price-to-earnings ratio for Camtek Ltd (NASDAQ: CAMT) is 38.88x, which is above its average ratio. Moreover, the 36-month beta value for CAMT is 1.38. Analysts have varying opinions 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 27.88M and currently, short sellers hold a 11.36% of that float. On November 01, 2024, CAMT’s average trading volume was 604.51K shares.
CAMT’s Market Performance
CAMT stock saw a decrease of -2.67% in the past week, with a monthly decline of -4.73% and a quarterly a decrease of -12.64%. The volatility ratio for the week is 4.23%, and the volatility levels for the last 30 days are 4.24% for Camtek Ltd (CAMT). The simple moving average for the last 20 days is -6.74% for CAMT stock, with a simple moving average of -16.34% for the last 200 days.
Analysts’ Opinion of CAMT
Many brokerage firms have already submitted their reports for CAMT stocks, with Northland Capital repeating the rating for CAMT by listing it as a “Outperform.” The predicted price for CAMT in the upcoming period, according to Northland Capital is $99 based on the research report published on August 05, 2024 of the current year 2024.
Jefferies gave a rating of “Buy” to CAMT, setting the target price at $120 in the report published on May 13th of the current year.
CAMT Trading at -7.03% 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 -46.20% of loss for the given period.
Volatility was left at 4.24%, however, over the last 30 days, the volatility rate increased by 4.23%, as shares sank -5.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.37% lower at present.
During the last 5 trading sessions, CAMT fell by -2.36%, which changed the moving average for the period of 200-days by -0.68% in comparison to the 20-day moving average, which settled at $81.06. In addition, Camtek Ltd saw 10.74% 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:
- 0.23 for the present operating margin
- 0.47 for the gross margin
The net margin for Camtek Ltd stands at 0.26. The total capital return value is set at 0.12. Equity return is now at value 21.20, with 12.70 for asset returns.
Currently, EBITDA for the company is 95.25 million with net debt to EBITDA at 1.33. When we switch over and look at the enterprise to sales, we see a ratio of 9.62. The receivables turnover for the company is 5.41for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.21.
Conclusion
To wrap up, the performance of Camtek Ltd (CAMT) has been mixed in recent times. The stock has received a bullish 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.
