Photronics Stock Today
| PLAB Stock | USD 25.68 0.36 1.42% |
Performance0 of 100
| Odds Of DistressLess than 1
|
Photronics is trading at 25.68 as of the 23rd of April 2024, a 1.42 percent up since the beginning of the trading day. The stock's open price was 25.32. Photronics has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Photronics are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut. The company has 63.35 M outstanding shares of which 2.18 M shares are at this time shorted by private and institutional investors with about 3.94 trading days to cover. More on Photronics
Moving against Photronics Stock
| 0.58 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
| 0.58 | MMM | 3M Company Earnings Call This Week | PairCorr |
Follow Valuation Odds of Bankruptcy
Financial Report 22nd of May 2024
Photronics Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Photronics' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Photronics or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and Director | Peter Kirlin |
| Thematic Idea | Millennials Best (View all Themes) |
| Business Concentration | Semiconductors & Semiconductor Equipment, Information Technology, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Millennials Best, Information Technology, Semiconductors & Semiconductor Equipment, Semiconductor Equipment & Materials, Technology (View all Sectors) |
| Financial Strength Based on the key indicators related to Photronics' liquidity, profitability, solvency, and operating efficiency, Photronics is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Photronics is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
Photronics (PLAB) is traded on NASDAQ Exchange in USA. It is located in 15 Secor Road, Brookfield, CT, United States, 06804 and employs 1,885 people. Photronics is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.6 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Photronics's market, we take the total number of its shares issued and multiply it by Photronics's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Photronics conducts business under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 63.35 M outstanding shares of which 2.18 M shares are at this time shorted by private and institutional investors with about 3.94 trading days to cover.
Photronics currently holds about 380.83 M in cash with 302.18 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.17.
Check Photronics Probability Of Bankruptcy
Ownership AllocationPhotronics has a total of 63.35 Million outstanding shares. The majority of Photronics outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Photronics to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Photronics. Please pay attention to any change in the institutional holdings of Photronics as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Photronics Ownership Details
Photronics Stock Price Odds Analysis
What are Photronics' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Photronics jumping above the current price in 90 days from now is roughly 97.0%. The Photronics probability density function shows the probability of Photronics stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.3356 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Photronics will likely underperform. Additionally, photronics has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Photronics to move above the current price in 90 days from now is roughly 97.0 (This Photronics probability density function shows the probability of Photronics Stock to fall within a particular range of prices over 90 days) .
Photronics Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Photronics market risk premium is the additional return an investor will receive from holding Photronics long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Photronics. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Photronics' alpha and beta are two of the key measurements used to evaluate Photronics' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.12) |
Photronics Stock Against Markets
Picking the right benchmark for Photronics stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Photronics stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Photronics is critical whether you are bullish or bearish towards Photronics at a given time. Please also check how Photronics' historical prices are related to one of the top price index indicators.
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Photronics Corporate Directors
Photronics corporate directors refer to members of a Photronics board of directors. The board of directors generally takes responsibility for the Photronics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Photronics' board members must vote for the resolution. The Photronics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Liang Hsia | Independent Director | Profile | |
| Joseph Fiorita | Independent Director | Profile | |
| Walter Fiederowicz | Lead Independent Director | Profile | |
| George Macricostas | Director | Profile |
How to buy Photronics Stock?
Before investing in Photronics, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Photronics. To buy Photronics stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Photronics. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Photronics stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Photronics stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Photronics stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Photronics, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Photronics Stock please use our How to Invest in Photronics guide.
Already Invested in Photronics?
The danger of trading Photronics is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Photronics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Photronics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Photronics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Photronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Photronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Photronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Photronics Stock: 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.
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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.
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.