PerkinElmer Inc. (NYSE:PKI) finished Friday with a subtraction of -$0.12 to close at $176.38, a downside of -0.07 percent. An average of 463,600 shares of common stock have been traded in the last five days. There was a gain of $6.56 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 617,085 shares traded, while the 50-day average volume stands at 638,912.
PKI stock has decreased by -5.21% in the last month. The company shares reached their 1-month lowest point of $165.90 on 10/12/21. With the stock rallying to its 52-week high on 09/23/21, shares of the company touched a low of $119.95 and a high of $192.00 in 52 weeks. It has reached a new high 21 times so far this year and achieved 22.91% or $32.88 in price. In spite of this, the price is down -8.14% from the 52-week high.
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33 days have passed since PerkinElmer Inc. (PKI) last reported insider trading activity. Mock James M, who is Please See Remarks, most recently acquired $6,080 shares at $184.87 per share on Sep 20. In this transaction, the insider spent $1,124,040. Please See Remarks, Okun Andrew, disposed of 3,054 shares at a price of $187.48 on Aug 30. The insider now owns more than $572,549 worth of shares. Prior to that, Director Gregoire Sylvie went on to Sale 5,000 shares at $155.57 each on Jul 06. An amount of $777,850 was transacted.
PerkinElmer Inc. (PKI) has a trailing price-to-earnings (P/E) ratio of 16.77, which compares with the 26.50 for the broader industry and 33.43 for the sector. In the last five years, PerkinElmer Inc.’s PE ratio has ranged between 87.05 and 13.38. The stock’s beta is 1.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.07, the price-to-book (PB) ratio at 4.66, and the price-to-cash flow ratio at 14.65.
PerkinElmer Inc. pays a $0.28 dividend per share annually. It offers a dividend yield of 0.16%. The company has a payout ratio of 2.70%. The company’s most recent quarterly dividend payment was $0.07 a share, without any change from last year. Its latest decrease dividend $1.1444 reported on Thursday October 22 2020.
The quick ratio of PerkinElmer Inc. for the three months ended June 29 was 1.60, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.55 and a total debt to equity ratio of 0.56 for the quarter ending June 29. PerkinElmer Inc.’s EBITDA margin for the year ending June 29 is 33.48%, while its operating margin for the same period stands at 32.10%. Its gross profit as reported stood at $2.11 billion compared to revenue of $3.78 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PerkinElmer Inc.’s return on assets was 14.60%. For the broader industry, ROE averaged -2.89 over the past year.
For the three-month period that ended June 29, PerkinElmer Inc. had $2.35 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $245.93 million in the quarter, while revenues of $379.31 million were grew 44.23%. The analyst consensus anticipated PerkinElmer Inc.’s latest quarter earnings to come in at $2.41 per share, but it turned out to be $2.83, a 17.40% surprise. For the quarter, EBITDA amounted to $411.27 million. Shareholders own equity worth $112.11 million.
From a technical analysis perspective, let’s take a brief look at PerkinElmer Inc. (PKI) price momentum. RSI 9-day as of the close on 22 October was 62.71%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.09%.
As of today, PKI’s price is $174.29 +3.86% or $6.56 from its 5-day moving average. PKI is currently trading -3.55% lower than its 20-day SMA and +26.74% higher than its 100-day SMA. However, the stock’s current price level is -3.24% below the SMA50 and +9.87% above the SMA200.
The stochastic %K and %D were 92.22% and 77.37%, respectively, and the average true range (ATR) was 3.64. With the 14-day stochastic at 86.18% and the average true range at 3.82, the RSI (14) stands at 54.06%. The stock has reached 4.75 on the 9-day MACD Oscillator while the 14-day reading was at 5.38.
The consensus rating for PerkinElmer Inc. (PKI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PKI, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.
What is PKI’s price target for the next 12 months?
Analysts predict a range of price targets between $160.00 and $193.00, with a median target of $175.00. Taking a look at these predictions, the average price target given by analysts for PerkinElmer Inc. (PKI) stock is $177.20.