Stock To Watch: Photronics, Inc. (NASDAQ:PLAB)


The leading market experts have placed a mean price target of $12.60 on Photronics, Inc. (NASDAQ:PLAB) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.16 a share for the upcoming quarter and $0.60 for the current fiscal. Technical View The technical analysis of Photronics, Inc. plainly substantiates that the 50-day moving average of Photronics, Inc. is $9.24, and stock is hovering -0.32 or -3.43% distant from $9.24. It is noted that the 200-day MA is $10.44, and Photronics, Inc. stock is $-1.52 or -14.57% off from this point. Photronics, Inc. (NASDAQ:PLAB) 52-week high is $13.05 and the 52-week low is $7.68. This explains if the stock moves $-4.13, it will post a 52-week high. In event of $+16.15% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Photronics, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Photronics, Inc. (NASDAQ:PLAB) ratio came in at 10.53. The stock last ended the trading session at $8.92 and registered a market cap of $607.80M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Photronics, Inc. (NASDAQ:PLAB) PEG ratio is at 1.48.

1 Chart Pattern Every Investor Should Know

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