For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Patrick Industries, Inc (NASDAQ: PATK) closed at $115.77 down -8.10% from its previous closing price of $125.98. In other words, the price has decreased by -$8.10 from its previous closing price. On the day, 0.87 million shares were traded. PATK stock price reached its highest trading level at $127.965 during the session, while it also had its lowest trading level at $114.98.
Ratios:
For a deeper understanding of Patrick Industries, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 45.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.60. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 1.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Raymond James on October 01, 2024, initiated with a Outperform rating and assigned the stock a target price of $160.
On August 29, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $145.
On December 07, 2023, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $105.BMO Capital Markets initiated its Outperform rating on December 07, 2023, with a $105 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 12 ’24 when Rodino Jeff sold 20,000 shares for $131.37 per share. The transaction valued at 2,627,408 led to the insider holds 139,109 shares of the business.
Cleveland Todd M sold 7,500 shares of PATK for $982,884 on Sep 12 ’24. The Director now owns 82,374 shares after completing the transaction at $131.05 per share. On Sep 13 ’24, another insider, Cleveland Todd M, who serves as the Director of the company, sold 2,500 shares for $135.48 each. As a result, the insider received 338,698 and left with 79,874 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PATK now has a Market Capitalization of 2593433088 and an Enterprise Value of 4062628864. As of this moment, Patrick’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.64, and their Forward P/E ratio for the next fiscal year is 14.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 1.113 whereas that against EBITDA is 9.311.
Stock Price History:
Over the past 52 weeks, PATK has reached a high of $148.35, while it has fallen to a 52-week low of $74.72. The 50-Day Moving Average of the stock is -15.32%, while the 200-Day Moving Average is calculated to be -2.36%.
Shares Statistics:
For the past three months, PATK has traded an average of 174.55K shares per day and 234860 over the past ten days. A total of 22.16M shares are outstanding, with a floating share count of 21.40M. Insiders hold about 4.47% of the company’s shares, while institutions hold 101.01% stake in the company. Shares short for PATK as of 1728950400 were 1460307 with a Short Ratio of 8.37, compared to 1726185600 on 1749953. Therefore, it implies a Short% of Shares Outstanding of 1460307 and a Short% of Float of 8.2600005.
Dividends & Splits
According to the company, the forward annual dividend rate for PATK is 2.20, from 2.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.01746309The stock’s 5-year Average Dividend Yield is 1.91.