Photronics Stock Analysis

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 Stock
  

USD 18.46  0.19  1.02%   

The current bullish price patterns experienced by current Photronics shareholders may encourage investors to take a closer look at the company as it is trading at a share price of 18.46 on 644,169 in trading volume. The company executives have been very successful in rebalancing the company assets at opportune times to take advantage of market volatility in October. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.47. The current volatility is consistent with the ongoing market swings in October 2022 as well as with Photronics unsystematic, company-specific events.
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The Photronics stock analysis report makes it easy to digest most publicly released information about Photronics and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Photronics Stock analysis module also helps to analyze the Photronics price relationship with some important fundamental indicators such as market cap and management efficiency.

Photronics Stock Analysis Notes

About 92.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.43. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Photronics has Price/Earnings To Growth (PEG) ratio of 0.88. The entity had not issued any dividends in recent years. The firm had 2:1 split on the 2nd of December 1997. 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. Photronics operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 1728 people. To find out more about Photronics contact Peter Kirlin at 203 775-9000 or learn more at www.photronics.com.

Photronics Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Photronics' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Photronics or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Photronics is unlikely to experience financial distress in the next 2 years
Over 92.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Sale by Mitchell Tyson of 2000 shares of Photronics

Photronics Upcoming and Recent Events

Earnings reports are used by Photronics to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Photronics previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report23rd of February 2022
Next Financial Report25th of May 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End14th of December 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

Photronics Largest EPS Surprises

Earnings surprises can significantly impact Photronics' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2015-02-17
2015-01-310.060.070.0116 
2014-02-18
2014-01-310.050.04-0.0120 
2013-12-10
2013-10-310.080.090.0112 
View All Earnings Estimates

Photronics Thematic Classifications

In addition to having Photronics stock in your portfolios, you can 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 favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
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Photronics Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Photronics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Photronics backward and forwards among themselves. Photronics' institutional investor refers to the entity that pools money to purchase Photronics' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.7 K130 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares10.3 K175 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares10.3 K195 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.8 K80 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.8 K77 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.8 K75 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.8 K65 K
Note, although Photronics' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Photronics Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 1.14 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 these looking for more risk prefer small-cap and mid-cap equities.

Photronics Profitablity

Photronics' profitability indicators refer to fundamental financial ratios that showcase Photronics' ability to generate income relative to its revenue or operating costs. If, let's say, Photronics is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Photronics' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Photronics' profitability requires more research than a typical breakdown of Photronics' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 12.76 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 23.23 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.23.
Last ReportedProjected for 2022
Return on Investment 9.41  7.99 
Return on Average Assets 4.02  3.45 
Return on Average Equity 6.13  5.26 
Return on Invested Capital 0.09  0.1 
Return on Sales 0.09  0.08 

Management Efficiency

The entity has return on total asset (ROA) of 8.78 % which means that it generated profit of $8.78 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on stockholders equity (ROE) of 14.71 %, meaning that it created $14.71 on every $100 dollars invested by stockholders. Photronics management efficiency ratios could be used to measure how well photronics manages its routine affairs as well as how well it operates its assets and liabilities. The current year Return on Invested Capital is expected to grow to 0.1, whereas Return on Investment is forecasted to decline to 7.99. Photronics Goodwill and Intangible Assets are projected to decrease significantly based on the last few years of reporting. The past year's Goodwill and Intangible Assets were at 11.13 Million. The current year Revenue to Assets is expected to grow to 0.61, whereas Total Assets are forecasted to decline to about 1 B.
Last ReportedProjected for 2022
Book Value per Share 12.87  12.57 
Enterprise Value over EBIT 7.20  7.39 
Enterprise Value over EBITDA 2.59  3.63 
Price to Book Value 0.79  0.96 
Tangible Assets Book Value per Share 14.55  14.71 
Enterprise Value352.1 M415.9 M
Tangible Asset Value1.3 B1.1 B

Technical Drivers

As of the 29th of November, Photronics holds the risk adjusted performance of (0.12), and Coefficient Of Variation of (1,112). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Photronics, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Photronics, which can be compared to its competitors. Please check Photronics jensen alpha, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance to decide if Photronics is priced some-what accurately, providing market reflects its current price of 18.46 per share. Given that Photronics has jensen alpha of (0.42), we recommend you to check out Photronics's recent market performance to make sure the company can sustain itself at a future point.

Photronics Price Movement Analysis

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Mid-point over period is an average of Photronics highest and lowest values attained during the given period.
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Photronics Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Photronics insiders, such as employees or executives, is commonly permitted as long as it does not rely on Photronics' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Photronics insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Photronics Predictive Daily Indicators

Photronics intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Photronics stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Photronics Forecast Models

Photronics time-series forecasting models is one of many Photronics' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Photronics' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Photronics Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Photronics prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Photronics shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Photronics. By using and applying Photronics Stock analysis, traders can create a robust methodology for identifying Photronics entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin 12.82  11.16 
EBITDA Margin 33.11  30.33 
Gross Margin 28.94  28.96 
Profit Margin 7.52  6.52 

Current Photronics Analysis - Recommendations

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 PriceAdvice# of Analysts
20.67Buy3Odds
Photronics current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Photronics analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Photronics stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Photronics, talking to its executives and customers, or listening to Photronics conference calls.
Photronics Analyst Advice Details

Photronics Stock Analysis Indicators

Photronics stock analysis indicators help investors 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 understating and applying Photronics stock analysis, traders can identify Photronics position entry and exit signals to maximize returns.
Quick Ratio3.07
Fifty Two Week Low13.16
Revenue Growth28.90%
Shares Short Prior Month1.82M
Average Daily Volume Last 10 Day581.74k
Average Daily Volume In Three Month900.09k
Earnings Growth82.10%
Shares Percent Shares Out2.71%
Earnings Quarterly Growth82.90%
Gross Margins33.42%
Short Percent Of Float3.33%
Forward Price Earnings9.30
Float Shares59.81M
Fifty Two Week High25.81
Enterprise Value To Ebitda3.39
Fifty Day Average16.28
Two Hundred Day Average18.09
Enterprise Value To Revenue1.14
Please check Your Equity Center. 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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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.
Quarterly Earnings Growth YOY
0.82
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0878
Return On Equity
0.15
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.