Photronics Inc. (NASDAQ:PLAB) went up by 3.06% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Semiconductor Equipment & Materials giant went up by $11.46 to trade ended Monday trading at $11.12. This is up from the $11.12 price recorded on Thursday’s trading session. Thanks to this latest performance, PLAB is closer to the higher price 52-week target of $18.00 and further from the lowest price target of $13.00. Its performance from the start of the year has also been negative, with PLAB down by -27.28% year-to-date.
Photronics Inc. (PLAB) started the day trading at $11.36 and recorded an intraday high of $11.54. It also recorded an intraday low of $11.17 during Monday’s trading session. Photronics Inc. is a very active stock that recorded a trading volume that is less than -27.16% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 408962, which is less than -27.16 of the total average daily trading volume of 520.02K.
Photronics Inc. (NASDAQ:PLAB) 2020 Performance Impressive
The increase in PLAB’s stock price on Monday 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 PLAB currently stands at $16.75, which is higher than the current trading price of the stock by 31.58%. However, PLAB’s current trading price is -43.07% lower than the 52-week low price of $8.01. In terms of trading volume, Photronics Inc. currently experienced healthy participation during the last trading session. 408962 shares of Photronics Inc. were traded on the stock exchange on Monday, which is less than -27.16% of the 520.02K average trading volume of the stock.
The performance of the stock has been positive over the past year. PLAB’s performance over the past one year has seen it surge by 34.98%, while the stock has gone down by -25.58% in the last six months. The quarterly performance of PLAB currently stands at 18.51%, and it is down by -6.75% in the last month. The only positive figure was from the weekly performance, which currently reads 7.81%. At the time of writing PLAB’s report, the company has a total market cap of $740.89M, making it one of the largest publicly-traded companies in the world.Photronics Inc. also has over 1775 employees all over the world.
PLAB Insider Activities
For Photronics Inc., insiders hold 94.70% of all company shares. The insider transactions over the past six months are up by 13.50%. During that period, insiders bought 8,000 shares in 3 transactions. In that same period, insiders sold 35,900 of their shares in 10 transactions. After these transactions, insiders at Photronics Inc. now hold 2.2M shares, which is over 93.84% of the total company stocks. Institutional investors currently hold a large chunk of the PLAB shares, as they control 3.35% of the company’s total stock.
PLAB Fundamental Analysis
For Photronics Inc., the stock’s diluted earnings per share (EPS) stands at 0.49. In the coming year, analysts expect the EPS to be 0.87. The EPS growth will up over the next five years to 10.00% after surging by 0.90% in the previous five years. In terms of revenue, Photronics Inc.’s quarterly sales (YOY) is growing at 0.15, which is lower than the average annual revenue of 0.90% over the past half a decade.
The Return on Investment (ROI) on Photronics Inc.’s stock currently stands at 5.10%, and it has a net profit margin of 5.50%. The operating margin of the company is 10.70%, and its gross margin is 22.40%.
PLAB Analysts Prediction
In June 22, 2020, several analysts reiterated their positions on the Photronics Inc. stock and predicted its performance to their investors. The analysts at Stifel believe PLAB is still a Hold and set the price target between $15 and $13. Stifel reiterate their Hold position on the stock ($12 and $8.50)
Analysts at Needham believe that PLAB is Buy, and they have a price target of between $13 and $12. Needham and Needham also believe that Photronics Inc.’s stock is outperforming at the moment. PLAB received a positive rating from Needham, which set a price target of $14-$13 for the stock.
At the moment, Photronics Inc.’s Total Debt to Equity ratio stands at 0.07, and they have a long-term Debt to Equity ratio of 0.05.
PLAB Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PLAB currently stands at 0.60%, while the SMA50 is -1.98%. The biggest one is the SMA200, which is currently reading -6.84% ahead of Monday’s trading session. The Relative Strength Index of this stock is 51.89, while its price to earnings ratio (P/E) is 23.34.