In last trading session, Camtek Ltd (NASDAQ:CAMT) saw 0.81 million shares changing hands with its beta currently measuring 1.41. Company’s recent per share price level of $99.93 trading at -$1.1 or -1.09% at ring of the bell on the day assigns it a market valuation of $4.51B. That closing price of CAMT’s stock is at a discount of -40.6% from its 52-week high price of $140.50 and is indicating a premium of 56.6% from its 52-week low price of $43.37. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.76 million shares which gives us an average trading volume of 677.47K if we extend that period to 3-months.
For Camtek Ltd (CAMT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.12. Splitting up the data highlights that, out of 11 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.69 in the current quarter.
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Camtek Ltd (NASDAQ:CAMT) trade information
Upright in the red during last session for losing -1.09%, in the last five days CAMT remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $99.93 price level, adding 1.27% to its value on the day. Camtek Ltd’s shares saw a change of 46.40% in year-to-date performance and have moved 7.51% in past 5-day. Camtek Ltd (NASDAQ:CAMT) showed a performance of -10.82% in past 30-days. Number of shares sold short was 2.85 million shares which calculate 3.57 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 102 to the stock, which implies a rise of 2.03% to its current value. Analysts have been projecting 52 as a low price target for the stock while placing it at a high target of 140. It follows that stock’s current price would jump 47.96% in reaching the projected high whereas dropping to the targeted low would mean a gain of 47.96% for stock’s current value.
Camtek Ltd (CAMT) estimates and forecasts
Statistics highlight that Camtek Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 19.86% of value to its shares in past 6 months, showing an annual growth rate of 38.27% while that of industry is -10.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 33.60% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 108.68M for the same. And 8 analysts are in estimates of company making revenue of 113.02M in the next quarter. Company posted 80.47M and 88.69M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 25.47% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 38.20% while estimates for its earnings growth in next 5 years are of 11.60%.
Camtek Ltd (NASDAQ:CAMT)’s Major holders
DRIEHAUS CAPITAL MANAGEMENT LLC is the top institutional holder at CAMT for having 1.97 million shares of worth $164.75 million. And as of 2024-03-31, it was holding 4.3819 of the company’s outstanding shares.
The second largest institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, which was holding about 1.1 million shares on 2024-03-31. The number of shares represents firm’s hold over 2.4618 of outstanding shares, having a total worth of $92.56 million.
On the other hand, Federated Hermes Kaufmann Small Cap Fund and Lord Abbett Developing Growth Fund are the top two Mutual Funds which own company’s shares. As of Apr 30, 2024 , the former fund manager was holding 808.2 shares of worth $80.76 million or 1.80% of the total outstanding shares. The later fund manager was in possession of 519.7 shares on Apr 30, 2024 , making its stake of worth around $51.93 million in the company or a holder of 1.16% of company’s stock.
