Camtek Ltd (NASDAQ: CAMT): Do Not Miss The Gain Train

Camtek Ltd (CAMT) concluded trading on Thursday at a closing price of $83.77, with 0.44 million shares of worth about $36.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.92% during that period and on March 28, 2024 the price saw a loss of about -3.77%. Currently the company’s common shares owned by public are about 44.90M shares, out of which, 27.56M shares are available for trading.

Stock saw a price change of 0.60% in past 5 days and over the past one month there was a price change of 3.95%. Year-to-date (YTD), CAMT shares are showing a performance of 20.74% which increased to 213.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.81 but also hit the highest price of $90.54 during that period. The average intraday trading volume for Camtek Ltd shares is 441.91K. The stock is currently trading 3.62% above its 20-day simple moving average (SMA20), while that difference is up 4.37% for SMA50 and it goes to 38.21% higher than SMA200.

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Camtek Ltd (NASDAQ: CAMT) currently have 44.90M outstanding shares and institutions hold larger chunk of about 48.49% of that.

The stock has a current market capitalization of $3.78B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 52.01, while it has posted earnings per share of $1.61 in the same period. Its PEG reads 4.48 and has Quick Ratio of 4.77 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAMT, volatility over the week remained 4.36% while standing at 4.48% over the month.

Analysts are in expectations that Camtek Ltd (CAMT) stock would likely to be making an EPS of $0.57 in the current quarter, while forecast for next quarter EPS is $0.58 and it is $2.82 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.56 which is $0.58 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.42 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 23.62% while it is estimated to increase by 18.28% in next year. EPS is likely to shrink at an annualized rate of 11.60% for next 5-years, compared to annual growth of 25.47% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 16, 2024 offering an Overweight rating for the stock and assigned a target price range of between $65 and $82 to it. Coverage by B. Riley Securities stated Camtek Ltd (CAMT) stock as a Buy in their note to investors on December 06, 2023, suggesting a price target of $75 for the stock. On July 18, 2023, BofA Securities Upgrade their recommendations, while on April 21, 2023, Jefferies Initiated their ratings for the stock with a price target of $35. Stock get an Equal weight rating from Barclays on July 25, 2022.

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