Photronics Stock Buy Hold or Sell Recommendation

PLAB
 Stock
  

USD 14.88  0.25  1.71%   

Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding Photronics is 'Hold'. Macroaxis provides Photronics buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding PLAB positions. The advice algorithm takes into account all of Photronics' available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Photronics' buy-and-hold perspective. Please check Photronics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Photronics and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Photronics.

Execute Photronics Buy or Sell Advice

The Photronics recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Photronics. Macroaxis does not own or have any residual interests in Photronics or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Photronics' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell PhotronicsBuy Photronics
Hold

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Details

Reporting Quality (M-Score)

Details
For the selected time horizon Photronics has a Risk Adjusted Performance of (0.1), Jensen Alpha of (0.35), Total Risk Alpha of (0.19) and Treynor Ratio of (0.29)
Our trade recommendations tool can cross-verify current analyst consensus on Photronics and to analyze the firm potential to grow in the current economic cycle. To make sure Photronics is not overpriced, please check all Photronics fundamentals, including its price to earning, gross profit, cash per share, as well as the relationship between the price to sales and net income . Given that Photronics has a number of shares shorted of 1.73 M, we recommend you to check out Photronics market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Photronics Trading Alerts and Improvement Suggestions

Photronics generated a negative expected return over the last 90 days
Photronics has high historical volatility and very poor performance
Over 92.0% of the company shares are owned by institutional investors
Latest headline from www.nasdaq.com: Declining Stock and Solid Fundamentals Is The Market Wrong About Photronics, Inc. - Nasdaq

Photronics current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Photronics analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Photronics analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price26.33
Target Median Price26.00
Target High Price30.00
Recommendation Mean1.70
Number Of Analyst Opinions3
Target Low Price23.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Photronics Returns Distribution Density

The distribution of Photronics' historical returns is an attempt to chart the uncertainty of Photronics' future price movements. The chart of the probability distribution of Photronics stock daily returns describes the distribution of returns around its average expected value. We use Photronics price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Photronics returns is essential to provide solid investment advice for Photronics.
Mean Return-0.43Value At Risk-7.14
Potential Upside5.90Standard Deviation4.66
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Photronics historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Photronics Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Photronics or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Photronics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Photronics stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.35
β
Beta against DOW1.53
σ
Overall volatility
4.57
Ir
Information ratio -0.08

Photronics Volatility Alert

Photronics exhibits very low volatility with skewness of -1.98 and kurtosis of 8.93. However, we advise investors to further study Photronics technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Photronics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Photronics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Photronics Fundamentals Vs Peers

Comparing Photronics' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Photronics' direct or indirect competition across all of the common fundamentals between Photronics and the related equities. This way, we can detect undervalued stocks with similar characteristics as Photronics or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Photronics' fundamental indicators could also be used in its relative valuation, which is a method of valuing Photronics by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Photronics to competition
FundamentalsPhotronicsPeer Average
Return On Equity12.52 %(0.31) %
Return On Asset7.03 %(0.14) %
Profit Margin11.71 %(1.27) %
Operating Margin30.92 %(5.51) %
Current Valuation1.44 B16.62 B
Shares Outstanding60.9 M571.82 M
Shares Owned by Insiders3.01 %10.09 %
Shares Owned by Institutions91.69 %39.21 %
Number of Shares Shorted1.73 M4.71 M
Price to Earning30.43 X28.72 X
Price to Book1.14 X9.51 X
Price to Sales1.21 X11.42 X
Revenue746.27 M9.43 B
Gross Profit167.04 M27.38 B
EBITDA230.73 M3.9 B
Net Income87.38 M570.98 M
Cash and Equivalents329.28 M2.7 B
Cash per Share5.34 X5.01 X
Total Debt86.68 M5.32 B
Debt to Equity0.08 %48.70 %
Current Ratio3.38 X2.16 X
Book Value Per Share13.09 X1.93 K
Cash Flow from Operations195.84 M971.22 M
Short Ratio1.78 X4.00 X
Earnings Per Share0.49 X3.12 X
Price to Earnings To Growth1.18 X4.89 X
Number of Employees1.73 K18.84 K
Beta0.97-0.15
Market Capitalization906.2 M19.03 B
Total Asset1 B29.47 B
Retained Earnings224.75 M9.33 B
Working Capital344.37 M1.48 B
Current Asset441.42 M9.34 B
   Sale by Mitchell Tyson of 2000 shares of Photronics [view details]

Photronics Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Photronics . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Photronics Buy or Sell Advice

When is the right time to buy or sell Photronics? Buying financial instruments such as Photronics Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Photronics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Recreation Thematic Idea Now

Recreation
Recreation Theme
Companies involved in production and services of recreational goods, foods, and accessories. The Recreation theme has 28 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recreation Theme or any other thematic opportunities.
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Please check Photronics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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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 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 Photronics value 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.