[The Motley Fool] Proto Labs Inc (NYSE:PRLB)(TREND ANALYSIS) While PRLB-US‘s change in share price of -12.91% for the last 12 months is in line with its peer median, its more recent 30-day share price performance of -15.83% is below peer median. This suggests that the company’s performance has deteriorated more recently relative to peers.
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Proto Labs Inc (NYSE:PRLB) stock is currently trading 27.09% below its 52-week-high, 15.93% above its 52-week-low. The 1-year stock price history is in the range of $51.61 – $82.06. Proto Labs Inc (PRLB) has a price to earnings ratio of 33.8 versus Industrial Goods sector average of 36.38. PRLB stock price has underperformed the S&P 500 by 7.8%. The Rubber & Plastic Products company is currently valued at $1.57 billion, and its share price closed the last trading session at $59.83. The stock has a 50-day moving average of $76.73 and a 200-day moving average of $66.3.
Proto Labs Inc (PRLB) current short interest stands at 5.48 million shares. It has remained stable from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.64 million shares, the number of days required to cover the short positions stand at 8.5 days.
PRLB is forecasted to report earnings per share of $0.45 and a revenue of $79.78 million for the 2nd Quarter of the fiscal year 2016. Proto Labs Inc (PRLB) declared last quarter earnings on April 28. The Rubber & Plastic Products company announced last quarter earnings per share of $0.40 against a consensus Street estimate of $0.42, missing estimate by $0.02. The company posted a revenue of $72.6 million.
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There are currently eight analysts that cover Proto Labs Inc stock. Of those eight, two have a Buy rating, six have a Hold rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $68.4.
A recent analyst activity consisted of Stephens & Co. downgrading their Overweight rating to Equal-weight on April 29. On the date of report, the stock closed at $59.83.
Another research firm was Canaccord Genuity who upgraded their Hold rating to Buy on October 15. Canaccord Genuity fixed their price target at $75. This translates to a 25.36% upside from the last closing price. On the date of report, the stock closed at $64.73.
Company snapshot
Proto Labs, Inc. is low volume manufacturer of custom parts for prototyping and short-run production. The Company utilizes computer numerical control, machining and injection molding to manufacture custom parts for their customers. Proto Labs targets their services to product developers who use three-dimensional computer-aided design to develop products across a diverse range of end-markets.
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