Photronics Inc. (PLAB) Is A Stock You Should Watch

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As of Wednesday close, Photronics Inc.’s (NASDAQ:PLAB) stock was up $0.11, moving up 0.58 percent to $18.99. The average number of shares traded per day over the past five days has been 608,080 shares. 2 times new highs have been achieved over the past 5 days, with a $0.64 gain in that time frame. In the last twenty days, the average volume was 536,955, while in the previous 50 days, it was 608,008.

Since last month, PLAB stock rose 16.22%. Shares of the company fell to $15.38 on 10/24/22, the lowest level in the past month. A 52-week high of $25.81 was reached on 08/12/22 after having rallying from a 52-week low of $13.16. Since the beginning of this year, PLAB’s stock price has risen by 0.74% or $0.14, and marked a new high 18 times. However, the stock has declined by -26.42% since its 52-week high.


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PLAB stock investors should be aware that Photronics Inc. (PLAB) stock had its last reported insider trading activity 23 days ago on Nov 01. TYSON MITCHELL G, the Director of the company, disposed of 2,000 shares for $16.53 on Nov 01. It resulted in a $33,060 divestment by the insider. TYSON MITCHELL G sold 2,000 shares at an average price of $15.00 on Oct 03. The insider now owns 62,379 shares following the transaction. On Sep 01, Director TYSON MITCHELL G sold 2,000 shares at $16.47 apiece. The transaction was valued at $32,940.

Valuation Metrics

Right now, Photronics Inc. (PLAB) has a P/E ratio of about 11.43. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 1.36, and the price-to-cash flow ratio of 6.79 may also be considered.

Financial Health

In the three months ended July 30, Photronics Inc.’s quick ratio stood at 3.20, while its current ratio was 3.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.05, and the total debt-to-equity ratio was 0.07. On the profitability front, the trailing twelve-month gross margin is 33.40% percent. In the year ended July 30, operating margins totaled 23.20%. Based on annual data, PLAB earned $167.04 million in gross profit and brought in $663.76 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.60%. Return on equity (ROE) for the past 12 months was 12.10%.

In Photronics Inc.’s quarter-end financial report for July 30, it reported total debt of $46.59 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PLAB’s revenue rose 22.42% to $204.51 million during the quarter, while net income inched up to $219.95 million. While analysts expected Photronics Inc. to report $0.5 quarterly earnings, the actual figure was $0.51 per share, beating the consensus estimate by 2.00%. During the quarter, the company generated $83.53 million in EBITDA. The liabilities of Photronics Inc. were 269.64 million at the end of its most recent quarter ended July 30, and its total debt was $60.87 million. The value of shareholders’ equity is $61.69 million.

Technical Picture

This quick technical analysis looks at Photronics Inc.’s (PLAB) price momentum. With a historical volatility rate of 31.24%, the RSI 9-day stood at 67.53% on 23 November.

With respect to its five-day moving average, the current Photronics Inc. price is up by +3.49% percent or $0.64. At present, PLAB shares trade +15.65% above its 20-day simple moving average and +7.11% percent above its 100-day simple moving average. However, the stock is currently trading approximately +21.03% above its SMA50 and +2.76% above its SMA200.

Stochastic coefficient K was 84.47% and Stochastic coefficient D was 84.99%, while ATR was 0.65. Given the Stochastic reading of 87.12% for the 14-day period, the RSI (14) reading has been calculated as 65.45%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.61.

Analyst Ratings

Stifel upgraded its rating on Photronics Inc. (NASDAQ: PLAB) to a Buy in a note to investors on April 11, 2022. The analysts firm previously had a Hold rating on the stock.Photronics Inc. (PLAB) has been rated Buy by analysts. According to 0 brokerage firms, PLAB is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Photronics Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $25.50, the current consensus forecast for the stock is $23.00 – $28.00. Based on these forecasts, analysts predict Photronics Inc. (PLAB) will achieve an average price target of $25.50.

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