Photronics, Inc (NASDAQ: PLAB) has a higher price-to-earnings ratio of 12.49x compared to its average ratio, The 36-month beta value for PLAB is at 1.38. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PLAB is 60.96M, and currently, shorts hold a 3.71% of that float. The average trading volume for PLAB on December 11, 2024 was 401.87K shares.
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PLAB) stock’s latest price update
The stock price of Photronics, Inc (NASDAQ: PLAB) has jumped by 12.01 compared to previous close of 25.32. Despite this, the company has seen a gain of 13.39% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-11 that Photronics Inc. (NASDAQ:PLAB ) Q4 2024 Earnings Conference Call December 11, 2024 8:30 AM ET Company Participants Ted Moreau – Vice President of Investor Relations Frank Lee – Chief Executive Officer Eric Rivera – Chief Financial Officer Chris Progler – Chief Technology Officer Conference Call Participants Tom Diffely – D. A. Davidson Operator Good day, and welcome to the Photronics Q4 FY’24 Earnings Call.
PLAB’s Market Performance
Photronics, Inc (PLAB) has seen a 13.39% rise in stock performance for the week, with a 10.31% gain in the past month and a 24.55% surge in the past quarter. The volatility ratio for the week is 3.39%, and the volatility levels for the past 30 days are at 2.95% for PLAB. The simple moving average for the past 20 days is 13.83% for PLAB’s stock, with a 10.49% 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 16.17% 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 -16.98% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 3.39%, as shares surge +11.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.71% upper at present.
During the last 5 trading sessions, PLAB rose by +12.63%, which changed the moving average for the period of 200-days by +2.35% in comparison to the 20-day moving average, which settled at $24.91. In addition, Photronics, Inc saw -9.60% 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 PLAB starting from Burr Richelle E, who proposed sale 4,093 shares at the price of $24.00 back on Oct 18 ’24. After this action, Burr Richelle E now owns shares of Photronics, Inc, valued at $98,232 using the latest closing price.
Burr Richelle E, the Former Officer of Photronics, Inc, proposed sale 15,463 shares at $24.00 during a trade that took place back on Oct 17 ’24, which means that Burr Richelle E is holding shares at $371,119 based on the most recent closing price.
Stock Fundamentals for PLAB
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.36 for the gross margin
The net margin for Photronics, Inc stands at 0.15. The total capital return value is set at 0.14. Equity return is now at value 13.94, with 8.98 for asset returns.
Based on Photronics, Inc (PLAB), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 16.65. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 858.24.
Currently, EBITDA for the company is 221.52 million with net debt to EBITDA at -1.87. When we switch over and look at the enterprise to sales, we see a ratio of 1.39. The receivables turnover for the company is 4.32for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.67.
Conclusion
In conclusion, Photronics, Inc (PLAB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
