Photronics Stock Price on February 19, 2024
| PLAB Stock | USD 26.91 0.50 1.82% |
Below is the normalized historical share price chart for Photronics extending back to March 10, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Photronics stands at 26.91, as last reported on the 2nd of May, with the highest price reaching 28.00 and the lowest price hitting 26.23 during the day.
If you're considering investing in Photronics Stock, it is important to understand the factors that can impact its price. Photronics maintains Sharpe Ratio (i.e., Efficiency) of -0.0496, which implies the firm had a -0.0496% return per unit of risk over the last 3 months. Photronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Photronics' Variance of 9.87, coefficient of variation of (3,358), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide.
At present, Photronics' Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 1.8 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 45.1 M. . At present, Photronics' Price To Sales Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 1.79, whereas Price Earnings Ratio is forecasted to decline to 7.84. Photronics Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 10th of March 1987 | 200 Day MA 25.323 | 50 Day MA 28.1732 | Beta 1.412 |
Photronics |
Sharpe Ratio = -0.0496
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PLAB |
Estimated Market Risk
| 3.18 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Photronics is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Photronics by adding Photronics to a well-diversified portfolio.
Price Book 1.7099 | Enterprise Value Ebitda 3.4273 | Price Sales 1.9508 | Shares Float 61.1 M | Wall Street Target Price 32 |
Related Headline
FormFactor Headline on 16th of February 2024
FormFactor, Inc. CFO Sells 421,200.00 in Stock by thelincolnianonline.com
FormFactor, Inc. CFO Shai Shahar sold 10,000 shares of the businesss stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of 42.12, for a total transaction of 421,200.00. Following the completion of the sale, the chief financial officer now directly owns
Photronics Valuation on February 19, 2024
It is possible to determine the worth of Photronics on a given historical date. On February 19, 2024 Photronics was worth 34.07 at the beginning of the trading date compared to the closed value of 33.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Photronics stock. Still, in general, we apply an absolute valuation method to find Photronics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Photronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Photronics' related companies.
| Open | High | Low | Close | Volume | |
| 33.58 | 34.00 | 33.05 | 33.84 | 917,608 | |
02/16/2024 | 34.07 | 34.13 | 32.87 | 33.42 | 914,178 |
| 32.65 | 32.83 | 31.05 | 31.22 | 835,325 |
| Backtest Photronics | | | Photronics History | | | Photronics Valuation | Previous | Next |
Photronics Trading Date Momentum on February 19, 2024
| On February 20 2024 Photronics was traded for 31.22 at the closing time. The top price for the day was 32.83 and the lowest listed price was 31.05 . The trading volume for the day was 835.3 K. The trading history from February 20, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 6.58% . The trading delta at closing time against the current closing price is 15.47% . |
Photronics Fundamentals Correlations and Trends
By evaluating Photronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Photronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Photronics financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Photronics Stock history
Photronics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Photronics is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Photronics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Photronics stock prices may prove useful in developing a viable investing in Photronics
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 71 M | 45.1 M | |
| Net Income Applicable To Common Shares | 136.6 M | 143.4 M |
Photronics Quarterly Net Working Capital |
|
Photronics Stock Technical Analysis
Photronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Photronics Period Price Range
Low | February 16, 2024
| High |
34.07 | 33.42 |
Photronics May 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Photronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Photronics shares will generate the highest return on investment. By undertsting and applying Photronics stock market strength indicators, traders can identify Photronics entry and exit signals to maximize returns
| Accumulation Distribution | 33749.32 | |||
| Daily Balance Of Power | (0.52) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 33.5 | |||
| Day Typical Price | 33.47 | |||
| Price Action Indicator | (0.40) | |||
| Period Momentum Indicator | (6.51) |
Photronics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Photronics' price direction in advance. Along with the technical and fundamental analysis of Photronics Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Photronics to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.04) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.Note that the Photronics information on this page should be used as a complementary analysis to other Photronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Photronics Stock analysis
When running Photronics' price analysis, check to measure Photronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |
Is Photronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Photronics. If investors know Photronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Photronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.829 | Earnings Share 2.22 | Revenue Per Share 14.643 | Quarterly Revenue Growth 0.025 | Return On Assets 0.1052 |
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Photronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.