Camtek Ltd (NASDAQ:CAMT) shares, rose in value on Friday, May 09, with the stock price down by -3.48% to the previous day’s close as strong demand from buyers drove the stock to $66.57.
Actively observing the price movement in the last trading, the stock closed the session at $68.97. The PE ratio was 27.16 over 12-month period. Referring to stock’s 52-week performance, its high was $140.50, and the low was $47.41. On the whole, CAMT has fluctuated by 6.67% over the past month.
With the market capitalization of Camtek Ltd currently standing at about $3.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CAMT’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.05, with the price of CAMT currently trading nearly 3.57% and 4.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.20, while the 7-day volatility ratio is showing 3.76% which for the 30-day chart, stands at 4.35%. Furthermore, Camtek Ltd (CAMT)’s beta value is 1.33, and its average true range (ATR) is 3.54.
A comparison of Camtek Ltd (CAMT) with its peers suggests the former has fared considerably weaker in the market. CAMT showed an intraday change of -3.48% in last session, and over the past year, it shrunk by -21.14%%.
Data on historical trading for Camtek Ltd (NASDAQ:CAMT) indicates that the trading volumes over the past 3 months, they’ve averaged 459.02K. According to company’s latest data on outstanding shares, there are 45.45 million shares outstanding.
Nearly 38.48% of Camtek Ltd’s shares belong to company insiders and institutional investors own 55.86% of the company’s shares. The stock has fallen by -17.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CAMT stock heading into the next quarter.
