With 1.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. The 52-week range on PLAB shows that it touched its highest point at $31.60 and its lowest point at $16.46 during that stretch. It currently has a 1-year price target of $33.00. Beta for the stock currently stands at 1.38.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLAB was down-trending over the past week, with a drop of -12.12%, but this was down by -7.11% over a month. Three-month performance dropped to -13.98% while six-month performance fell -32.53%. The stock lost -35.97% in the past year, while it has lost -27.38% so far this year. A look at the trailing 12-month EPS for PLAB yields 1.92 with Next year EPS estimates of 2.15. For the next quarter, that number is 0.46. This implies an EPS growth rate of -6.59% for this year and 12.01% for next year.
Float and Shares Shorts:
At present, 63.56 million PLAB shares are outstanding with a float of 60.96 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLAB since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.08 being high and $2.08 being low. For PLAB, this leads to a yearly average estimate of $2.08.
