Camtek Ltd (NASDAQ: CAMT) is 24.00% higher on its value in year-to-date trading and has touched a low of $60.61 and a high of $140.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAMT stock was last observed hovering at around $81.51 in the last trading session, with the day’s gains setting it 3.13%.
Currently trading at $84.64, the stock is 12.41% and 8.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing 3.84% at the moment leaves the stock -5.84% off its SMA200. CAMT registered 35.27% gain for a year compared to 6-month loss of -26.01%. The firm has a 50-day simple moving average (SMA 50) of $77.892 and a 200-day simple moving average (SMA200) of $90.00395.
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The stock witnessed a 13.09% gain in the last 1 month and extending the period to 3 months gives it a 13.86%, and is 14.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.74% over the week and 4.78% over the month.
Camtek Ltd (CAMT) has around 565 employees, a market worth around $3.84B and $400.63M in sales. Current P/E ratio is 38.35 and Fwd P/E is 26.63. Profit margin for the company is 26.53%. Distance from 52-week low is 39.64% and -39.76% from its 52-week high. The company has generated returns on investments over the last 12 months (14.94%).
with sales reaching $115.09M over the same period.The EPS is expected to grow by 42.47% this year, but quarterly earnings will post 35.38% year-over-year. Quarterly sales are estimated to grow 29.77% in year-over-year returns.
The shares outstanding are 45.39M, and float is at 27.88M with Short Float at 12.47%.
The top institutional shareholder in the company is DRIEHAUS CAPITAL MANAGEMENT LLC with over 1.34 million shares valued at $167.7 million. The investor’s holdings represent 2.9707 of the CAMT Shares outstanding. As of 2024-06-30, the second largest holder is CLAL INSURANCE ENTERPRISES HOLDINGS LTD with 1.25 million shares valued at $156.39 million to account for 2.767 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.96 million shares representing 2.1262 and valued at over $120.02 million, while FEDERATED HERMES, INC. holds 2.0023 of the shares totaling 0.9 million with a market value of $113.03 million.
