CAMT Stock Summary and Trading Ideas (Camtek Ltd. - | NASDAQ:CAMT)

Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and software solutions for the semiconductor industry. Its systems inspect wafers for various semiconductor market segments, including Advanced Packaging, Heterogenous Integration (HI), Compound Semiconductors, Memory, and foundries among others. Geographically, it derives maximum revenue from China followed by Asia Pacific, Korea, United States, and Europe. The company's products and services include Surface Inspection, Bump Inspection and Metrology, and others.

Camtek Ltd. - trades on the NASDAQ stock market under the symbol CAMT.

As of April 19, 2024, CAMT stock price declined to $74.68 with 627,037 million shares trading.

CAMT has a beta of 2.10, meaning it tends to be more sensitive to market movements. CAMT has a correlation of 0.24 to the broad based SPY ETF.

CAMT has a market cap of $3.37 billion. This is considered a Mid Cap stock.

Last quarter Camtek Ltd. - reported $89 million in Revenue and $.57 earnings per share. This beat revenue expectation by $660,000 and exceeded earnings estimates by $.04.

In the last 3 years, CAMT stock traded as high as $90.54 and as low as $20.83.

The top ETF exchange traded funds that CAMT belongs to (by Net Assets): PSI, IZRL, ITEQ, XITK, ISRA.

CAMT has outperformed the market in the last year with a return of +202.0%, while the SPY ETF gained +21.2%. However, in the most recent history, CAMT shares have underperformed the stock market with its stock returning -0.4% in the last 3 month period and -3.9% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

CAMT support price is $76.74 and resistance is $81.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAMT stock will trade within this expected range on the day.