Photronics, Inc (NASDAQ:PLAB) currently has a daily average trading volume of 708.65K but it saw 1988543 shares traded in last market. With a market cap of 1.11B USD, the company’s current market price of $17.43 came rising about 2.89 while comparing to the previous closing price of $16.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $31.60 and as low as $16.46.
Stifel upgraded its recommendation for the stock as a “Buy” from “Hold” on April 11, 2022 while assigning a price target range of $19-$21. Stifel also issued its recommendations for the stock as it downgraded the price target for the stock is $13.
Over the week, PLAB’s stock price is moving -12.89% down while it is -5.32% when we observe its performance for the past one month. Year-to-date it is -26.02% down and over the past year, the stock is showing a downside performance of -33.93%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.39 while estimate for next year EPS is 1.75. In next quarter, company is expected to be making quarterly sales of $210M as analysts are expecting the sales for current fiscal year at $838.1M and seeing the company making $900M in sales next year. Moreover, analysts are in estimates of $205M for current-quarter revenue.
Currently, Photronics, Inc’s total number of outstanding shares is 63.56M with 3.60% of that held by the insiders while 90.92% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.90% and return on equity (ROE) at 11.23%. It has a price to earnings ratio (P/E ratio) of 9.07 while having a 8.13 of forward P/E ratio. Stock’s beta reads 1.39. Stock has a price to book (P/B) ratio of 0.96 while price to sale or P/S ratio amounts to 1.29. Its return on asset (ROA) is 7.26% on average.
