Photronics Inc. (NASDAQ: PLAB) stock jumped 3.29% on Monday to $20.11 against a previous-day closing price of $19.47. With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $20.28 whereas the lowest price it dropped to was $19.40. The 52-week range on PLAB shows that it touched its highest point at $26.98 and its lowest point at $13.86 during that stretch. It currently has a 1-year price target of $28.00. Beta for the stock currently stands at 1.20.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLAB was up-trending over the past week, with a rise of 0.20%, but this was down by -8.55% over a month. Three-month performance dropped to -13.99% while six-month performance rose 22.10%. The stock gained 29.99% in the past year, while it has gained 19.49% so far this year. A look at the trailing 12-month EPS for PLAB yields 1.92 with Next year EPS estimates of 2.25. For the next quarter, that number is 0.53. This implies an EPS growth rate of 117.10% for this year and 22.07% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 59.30%.
Float and Shares Shorts:
At present, 61.23 million PLAB shares are outstanding with a float of 57.23 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.47 million, which was 3.96% higher than short shares on Jul 30, 2023. In addition to Dr. KangJyh Lee Ph.D. as the firm’s CEO & Director, Mr. John P. Jordan serves as its Exec. VP & CFO.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLAB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PLAB analysts setting a high price target of $28.00 and a low target of $28.00, the average target price over the next 12 months is $28.00. Based on these targets, PLAB could surge 39.23% to reach the target high and rise by 39.23% to reach the target low. Reaching the average price target will result in a growth of 39.23% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded PLAB stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 390,625 while 87,266 shares were sold.
