Photronics Inc. (NASDAQ:PLAB) stock went on a downward path that fall over -1.58% on Wednesday, amounting to a one-week price increase of more than 1.04%. Over the last 12 months, PLAB stock rose by 19.58%. The one-year PLAB stock forecast points to a potential downside of -0.04, with the average price target set at $12.67 per share. The average equity rating for PLAB stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for PLAB stock reached $804.49 million, with 66.35 million shares outstanding and 65.50 million shares in the current float. Compared to the average trading volume of 481.00K shares, PLAB reached a trading volume of 325508 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Photronics Inc. (PLAB):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLAB shares is $12.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLAB stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Photronics Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 18, 2019. While these analysts kept the previous recommendation, Stifel raised their target price from $12 to $8.50. The new note on the price target was released on November 11, 2016, representing the official price target for Photronics Inc. stock. On May 19, 2016, analysts decreased their price target for PLAB shares from 13 to 12.
The Average True Range (ATR) for Photronics Inc. is set at 0.31, with the Price to Sales ratio for PLAB stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 2.97. Quick ratio for the last quarter at 2.40.
PLAB Stock Performance Analysis:
Photronics Inc. (PLAB) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.04. With this latest performance, PLAB shares gained by 15.09% in over the last four-week period, additionally plugging by 28.99% over the last 6 months – not to mention a rise of 19.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLAB stock in for the last two-week period is set at 59.88, with the RSI for the last a single of trading hit 58.86, and the three-weeks RSI is set at 61.09 for Photronics Inc. (PLAB). The present Moving Average for the last 50 days of trading for this stock 11.16, while it was recorded at 12.06 for the last single week of trading, and 9.77 for the last 200 days.
Insight into Photronics Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Photronics Inc. (PLAB) shares currently have an operating margin of +12.27 and a Gross Margin at +24.58. Photronics Inc.’s Net Margin is presently recorded at +7.86.
Return on Total Capital for PLAB is now 6.95, given the latest momentum, and Return on Invested Capital for the company is 5.39. Return on Equity for this stock inclined to 5.59, with Return on Assets sitting at 3.95. When it comes to the capital structure of this company, Photronics Inc. (PLAB) has a Total Debt to Total Equity ratio set at 7.56. Additionally, PLAB Total Debt to Total Capital is recorded at 7.03, with Total Debt to Total Assets ending up at 5.18.
Reflecting on the efficiency of the workforce at the company, Photronics Inc. (PLAB) managed to generate an average of $26,702 per employee. Receivables Turnover for the company is 4.74 with a Total Asset Turnover recorded at a value of 0.50. Photronics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.60.
PLAB Stock EPS
With the latest financial reports released by the company, Photronics Inc. posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLAB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Photronics Inc. go to 10.00%.
Photronics Inc. (PLAB) Insider Position Details
There are presently around $786 million, or 96.40% of PLAB stock, in the hands of institutional investors. The top three institutional holders of PLAB stocks are: BLACKROCK INC. with ownership of 10,142,696, which is approximately 1.075% of the company’s market cap and around 1.40% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 5,747,262 shares of the stock with an approximate value of $70.0 million in PLAB stocks shares; and VANGUARD GROUP INC, currently with $55.0 million in PLAB stock with ownership of nearly 0.461% of the company’s market capitalization.
Positions in Photronics Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 91 institutional holders increased their position in Photronics Inc. (NASDAQ:PLAB) by around 4,684,769 shares. Additionally, 86 investors decreased positions by around 4,540,474 shares, while 34 investors held positions by with 54,552,685 shares. The mentioned changes placed institutional holdings at 63,777,928 shares, according to the latest SEC report filing. PLAB stock had 27 new institutional investments in for a total of 1,613,236 shares, while 26 institutional investors sold positions of 1,378,137 shares during the same period.