PRLB Stock Summary and Trading Ideas (Proto Labs | NYSE:PRLB)

Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. Proto Labs uses injection molding, computer numerical control machining, and 3-D printing to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. The majority of its revenue is derived from the United States of America.

Proto Labs trades on the NYSE stock market under the symbol PRLB.

As of April 24, 2024, PRLB stock price declined to $31.74 with 20,226 million shares trading.

PRLB has a beta of 2.25, meaning it tends to be more sensitive to market movements. PRLB has a correlation of 0.39 to the broad based SPY ETF.

PRLB has a market cap of $816.41 million. This is considered a Small Cap stock.

Last quarter Proto Labs reported $125 million in Revenue and $.46 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.16.

In the last 3 years, PRLB stock traded as high as $116.62 and as low as $22.04.

The top ETF exchange traded funds that PRLB belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

PRLB has underperformed the market in the last year with a price return of +9.9% while the SPY ETF gained +23.9%. PRLB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.8% and -7.4%, respectively, while the SPY returned +4.3% and -2.9%, respectively.

PRLB support price is $31.48 and resistance is $32.72 (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 PRLB stock will trade within this expected range on the day.