PLAB Stock Summary and Trading Ideas (Photronics | NASDAQ:PLAB)

Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including in the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Taiwan contributing the majority of total revenue.

Photronics trades on the NASDAQ stock market under the symbol PLAB.

As of April 19, 2024, PLAB stock price declined to $25.32 with 394,290 million shares trading.

PLAB has a beta of 2.17, meaning it tends to be more sensitive to market movements. PLAB has a correlation of 0.19 to the broad based SPY ETF.

PLAB has a market cap of $1.60 billion. This is considered a Small Cap stock.

Last quarter Photronics reported $216 million in Revenue and $.48 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.01.

In the last 3 years, PLAB stock traded as high as $34.16 and as low as $11.65.

The top ETF exchange traded funds that PLAB belongs to (by Net Assets): IJR, CALF, VTI, VGT, IWM.

PLAB has outperformed the market in the last year with a return of +65.5%, while the SPY ETF gained +21.2%. However, in the most recent history, PLAB shares have underperformed the stock market with its stock returning -13.5% in the last 3 month period and -9.2% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

PLAB support price is $25.48 and resistance is $26.71 (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 PLAB stock will trade within this expected range on the day.