Stock To Watch: Proto Labs, Inc. (NYSE:PRLB)


The leading market experts have placed a mean price target of $63.60 on Proto Labs, Inc. (NYSE:PRLB) 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 $0.50 a share for the upcoming quarter and $1.84 for the current fiscal.

Technical View

The technical analysis of Proto Labs, Inc. Common stock plainly substantiates that the 50-day moving average of Proto Labs, Inc. Common stock is $57.90, and stock is trading $1.51 points away or +2.61% from its 50-day moving average of $57.90. Further it is trading $-5.45 or -8.41% away its 200-day moving average of $64.86. Proto Labs, Inc. (NYSE:PRLB) 52-week high is $82.06 and the 52-week low is $50.50.

This explains if the stock moves $-22.65, it will post a 52-week high. In event of +17.64% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Proto Labs, Inc. Common stock, 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, Proto Labs, Inc. (NYSE:PRLB) ratio came in at 34.36.

The stock last ended the trading session at $59.41 and registered a market cap of $1.57B. 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. Proto Labs, Inc. (NYSE:PRLB) PEG ratio is at 1.16.

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