As of Friday close, Park Aerospace Corp.’s (NYSE:PKE) stock was down -$0.47, moving down -3.65 percent to $12.41. The average number of shares traded per day over the past five days has been 1,363,220 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.19 fall in that time frame. In the last twenty days, the average volume was 512,915, while in the previous 50 days, it was 249,448.
Since last month, PKE stock retreated -15.19%. Shares of the company fell to $12.35 on 03/17/23, the lowest level in the past month. A 52-week high of $15.79 was reached on 03/03/23 after having rallying from a 52-week low of $9.41. Since the beginning of this year, PKE’s stock price has dropped by -0.84% or -$1.00, and marked a new high 20 times. However, the stock has declined by -21.41% since its 52-week high.
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Valuation Metrics
Right now, Park Aerospace Corp. (PKE) has a P/E ratio of about 31.90. The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 4.84, the price-to-book (PB) ratio of 1.90.
The latest dividend of $1.00 per share was paid out, which is 700.0% more than last year’s $0.1250.
Financial Health
In the recent quarter, Park Aerospace Corp.’s quick ratio stood at 18.40, while its current ratio was 19.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 31.70% percent. In the recent year, operating margins totaled 19.70%. Based on annual data, PKE earned $17.92 million in gross profit and brought in $53.58 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 6.00%. Return on equity (ROE) for the past 12 months was 5.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PKE’s revenue rose 0.07% to $13.88 million during the quarter, while net income inched up to $13.87 million. During the quarter, the company generated $3.36 million in EBITDA. The liabilities of Park Aerospace Corp. were 24.01 million at the end of its most recent quarter, and its total debt was $0.19 million. The value of shareholders’ equity is $20.47 million.
Technical Picture
This quick technical analysis looks at Park Aerospace Corp.’s (PKE) price momentum. With a historical volatility rate of 51.28%, the RSI 9-day stood at 24.78% on 17 March.
With respect to its five-day moving average, the current Park Aerospace Corp. price is down by -8.75% percent or -$1.19. At present, PKE shares trade -22.00% below its 20-day simple moving average and +13.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.55% above its SMA50 and +1.89% above its SMA200.
Stochastic coefficient K was 6.34% and Stochastic coefficient D was 8.44%, while ATR was 0.69. Given the Stochastic reading of 1.31% for the 14-day period, the RSI (14) reading has been calculated as 30.68%. As of today, the MACD Oscillator reading stands at -0.71, while the 14-day reading stands at -1.74.
Analyst Ratings
Needham reiterated its a Buy rating on Park Aerospace Corp. (NYSE: PKE) in a note to investors. The analysts firm has however raised their price target to $18, representing a possible 40.9% increase in the stock price. Park Aerospace Corp. (PKE) has been rated Buy by analysts. According to 0 brokerage firms, PKE 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 Park Aerospace Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $26.00, the current consensus forecast for the stock is $26.00 – $26.00. Based on these forecasts, analysts predict Park Aerospace Corp. (PKE) will achieve an average price target of $26.00.