The trading price of Planet Image International Ltd (NASDAQ:YIBO) closed higher on Tuesday, June 17, and closing at $1.68, 25.37% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 12.49. In examining the 52-week price action we see that the stock hit a 52-week high of $17.47 and a 52-week low of $0.95. Over the past month, the stock has gained 1.20% in value.
Planet Image International Ltd, whose market valuation is $90.52 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest YIBO has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that YIBO’s price is currently 13.30% off the SMA20 and 23.78% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.09, and weekly volatility stands at 12.47%. When measured over the past 30 days, the indicator reaches 7.23%. Planet Image International Ltd (NASDAQ:YIBO)’s beta value is currently sitting at 4.26, while the Average True Range indicator is currently displaying 0.17.
To see how Planet Image International Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: YIBO stock’s performance was 25.37% in the latest trading, and -20.38% in the past year. Planet Image International Ltd has a P/E ratio of 12.49.
An evaluation of the daily trading volume of Planet Image International Ltd (NASDAQ:YIBO) indicates that the 3-month average is 79.88K.
Currently, records show that 27.57 million of the company’s shares remain outstanding. The insiders hold 96.70% of outstanding shares, whereas institutions hold 0.04%. However, since the stock’s price has seen -50.59% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
