What Makes Photronics a New Strong Buy Stock
PLAB Stock | USD 23.85 0.19 0.79% |
About 54% of Photronics' investor base is interested to short. The analysis of overall sentiment of trading Photronics stock suggests that many investors are impartial at this time. The current market sentiment, together with Photronics' historical and current headlines, can help investors time the market. In addition, many technical investors use Photronics stock news signals to limit their universe of possible portfolio assets.
Photronics |
Photronics has been upgraded to a Zacks Rank 1 , reflecting growing optimism about the companys earnings prospects. This might drive the stock higher in the near term.
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Photronics Current Investor Sentiment
Panic Vs Confidence
46
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Photronics' input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Photronics.
News SentimentBullish | Hype SentimentBearish | Insider SentimentDisposing |
Photronics Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Photronics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Photronics Historical Investor Sentiment
Investor biases related to Photronics' public news can be used to forecast risks associated with an investment in Photronics. The trend in average sentiment can be used to explain how an investor holding Photronics can time the market purely based on public headlines and social activities around Photronics. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Photronics' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Photronics and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Photronics news discussions. The higher the estimate score, the more favorable the investor's outlook on Photronics.
Photronics Fundamental Analysis
We analyze Photronics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Photronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Photronics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Owned By Insiders
Shares Owned By Insiders Comparative Analysis
Photronics is currently under evaluation in shares owned by insiders category among its peers. Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Photronics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Photronics stock to make a market-neutral strategy. Peer analysis of Photronics could also be used in its relative valuation, which is a method of valuing Photronics by comparing valuation metrics with similar companies.
Peers
Photronics Related Equities
AXTI | AXT | 5.96 | ||||
ONTO | Onto Innovation | 4.20 | ||||
COHU | Cohu | 4.19 | ||||
UCTT | Ultra Clean | 3.91 | ||||
ICHR | Ichor Holdings | 3.66 | ||||
VECO | Veeco Instruments | 3.06 | ||||
NVMI | Nova | 2.91 | ||||
ENTG | Entegris | 2.84 | ||||
LRCX | Lam Research | 2.80 | ||||
ACLS | Axcelis Technologies | 1.83 | ||||
IPGP | IPG Photonics | 1.35 | ||||
KLIC | Kulicke | 1.04 | ||||
KLAC | KLA Tencor | 0.00 | ||||
AEHR | Aehr Test | 1.40 | ||||
ASYS | Amtech Systems | 2.14 |
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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