Photronics, Inc (NASDAQ:PLAB) price on Friday, June 13, fall -3.67% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.36.
A look at the stock’s price movement, the close in the last trading session was $19.06. The PE ratio in trailing twelve months stood at 9.55. Turning to its 52-week performance, $31.60 and $16.46 were the 52-week high and 52-week low respectively. Overall, PLAB moved -12.28% over the past month.
Photronics, Inc’s market cap currently stands at around $1.10 billion, with investors looking forward to this quarter’s earnings report slated for in July.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend PLAB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PLAB’s current price about -1.85% and -1.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.90, while 7-day volatility ratio is 2.85% and 4.47% in the 30-day chart. Further, Photronics, Inc (PLAB) has a beta value of 1.39, and an average true range (ATR) of 0.69. Analysts have given the company’s stock an average 52-week price target of $25.5, forecast between a low of $21 and high of $30. Looking at the price targets, the low is -14.38% off current price level while to achieve the yearly target high, price needs to move -63.4%. Nonetheless, investors will most likely welcome a -38.89% jump to $25.5 which is the analysts’ median price.
If we refocus on Photronics, Inc (NASDAQ:PLAB), historical trading data shows that trading volumes averaged 746.11K over the past 3 months. The company’s latest data on shares outstanding shows there are 58.71 million shares.
The 4.09% of Photronics, Inc’s shares are in the hands of company insiders while institutional holders own 93.63% of the company’s shares. Current price change has pushed the stock -22.07% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PLAB stock continues to rise going into the next quarter.
