Plantronics Inc. (NYSE:PLT) went down by -3.69% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Communication Equipment giant went up by $13.82 to trade ended Wednesday trading at $14.35. This is down from the $14.35 price recorded on Tuesday’s trading session. Its performance from the start of the year has also been negative, with PLT down by -49.45% year-to-date.
Plantronics Inc. (PLT) started the day trading at $14.14 and recorded an intraday high of $14.31. It also recorded an intraday low of $13.38 during Wednesday’s trading session. Plantronics Inc. is a very active stock that recorded a trading volume that is less than -37.62% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 828392, which is less than -37.62 of the total average daily trading volume of 1.14 million.
Plantronics Inc. (NYSE:PLT) 2020 Performance Impressive
The increase in PLT’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PLT currently stands at $42.44, which is higher than the current trading price of the stock by 67.44%. However, PLT’s current trading price is -200.43% lower than the 52-week low price of $4.60. In terms of trading volume, Plantronics Inc. currently experienced healthy participation during the last trading session. 828392 shares of Plantronics Inc. were traded on the stock exchange on Wednesday, which is less than -37.62% of the 1.14 million average trading volume of the stock.
The performance of the stock has been positive over the past year. PLT’s performance over the past one year has seen it plunge by -60.92%, while the stock has gone down by -47.81% in the last six months. The quarterly performance of PLT currently stands at 17.62%, and it is down by -1.29% in the last month. The only negative figure was from the weekly performance, which currently reads -1.71%. At the time of writing PLT’s report, the company has a total market cap of $550.45M, making it one of the largest publicly-traded companies in the world.Plantronics Inc. also has over 6584 employees all over the world.
PLT Insider Activities
The insider transactions over the past six months are down by -322.90%.For Plantronics Inc. insiders bought 712,893 shares in 137 transactions. In that same period, insiders sold 87,990 of their shares in 22 transactions. After these transactions, insiders at Plantronics Inc. now hold 802.7k shares, which is over 106.85% of the total company stocks. Institutional investors currently hold a large chunk of the PLT shares, as they control 2.09% of the company’s total stock.
PLT Fundamental Analysis
For Plantronics Inc., the stock’s diluted earnings per share (EPS) stands at -20.71. In the coming year, analysts expect the EPS to be 2.58. The EPS growth will up over the next five years to 15.00% after plunging by -58.20% in the previous five years. In terms of revenue, Plantronics Inc.’s quarterly sales (YOY) is growing at 0.04, which is higher than the average annual revenue of -58.20% over the past half a decade.
The Return on Investment (ROI) on Plantronics Inc.’s stock currently stands at -47.70%, and it has a net profit margin of -48.70%. The operating margin of the company is -47.40%, and its gross margin is 32.50%.
PLT Analysts Prediction
Analysts at Northland Capital believe that PLT is Market Perform, and they have a price target of between $70 and $35.
PLT Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PLT currently stands at -2.17%, while the SMA50 is 3.09%. The biggest one is the SMA200, which is currently reading -37.41% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 49.53.