During the last session, Camtek Ltd (NASDAQ:CAMT)’s traded shares were 0.77 million, with the beta value of the company hitting 1.44. At the end of the trading day, the stock’s price was $92.95, reflecting an intraday gain of 3.15% or $2.84. The 52-week high for the CAMT share is $140.50, that puts it down -51.16 from that peak though still a striking 53.34% gain since the share price plummeted to a 52-week low of $43.37. The company’s market capitalization is $4.20B, and the average intraday trading volume over the past 10 days was 1.12 million shares, and the average trade volume was 683.03K shares over the past three months.
Camtek Ltd (CAMT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.12. CAMT has a Sell rating from 1 analyst(s) out of 11 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.69.
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Camtek Ltd (NASDAQ:CAMT) trade information
Camtek Ltd (CAMT) registered a 3.15% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.15% in intraday trading to $92.95, hitting a weekly high. The stock’s 5-day price performance is 10.54%, and it has moved by -28.12% in 30 days. Based on these gigs, the overall price performance for the year is 96.91%. The short interest in Camtek Ltd (NASDAQ:CAMT) is 2.94 million shares and it means that shorts have 4.72 day(s) to cover.
The consensus price target of analysts on Wall Street is $102, which implies an increase of 8.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $52 and $140 respectively. As a result, CAMT is trading at a discount of -50.62% off the target high and 44.06% off the low.
Camtek Ltd (CAMT) estimates and forecasts
Statistics show that Camtek Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Camtek Ltd (CAMT) shares have gone up 19.31% during the last six months, with a year-to-date growth rate more than the industry average at 38.27% against -10.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 35.30% this quarter and then jump 26.30% in the quarter after that. In the rating firms’ projections, revenue will increase 33.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 108.68M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 113.02M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 80.47M and 88.69M respectively. In this case, analysts expect current quarter sales to grow by 35.10% and then jump by 27.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 25.47%. While earnings are projected to return 38.20% in 2024, the next five years will return 11.60% per annum.
CAMT Dividends
Camtek Ltd is due to release its next quarterly earnings 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Camtek Ltd (NASDAQ:CAMT)’s Major holders
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The next largest institutional holding, with 1.1 million shares, is of SUSQUEHANNA INTERNATIONAL GROUP, LLP’s that is approximately 2.4618% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $92.56 million.
Also, the Mutual Funds coming in first place with the largest holdings of Camtek Ltd (CAMT) shares are Federated Hermes Kaufmann Small Cap Fund and Lord Abbett Developing Growth Fund . Data provided on Apr 30, 2024 indicates that Federated Hermes Kaufmann Small Cap Fund owns about 808.2 shares. This amounts to just over 1.80 percent of the company’s overall shares, with a $75.12 million market value. The same data shows that the other fund manager holds slightly less at 519.7, or about 1.16% of the stock, which is worth about $48.31 million.
