PCTEL Inc. [NASDAQ: PCTI] jumped around 2.34 points on Tuesday, while shares priced at $8.88 at the close of the session, up 35.78%. The company report on January 6, 2021 that PCTEL Announces mmWave Transmitter for 5G In-Building Network Design and Testing.
PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology, announced its new TX2440 mmWave Transmitter, a portable Continuous Wave (CW) transmitter for in-building and outdoor 5G network design.
5G mmWave networks have unique propagation and reflection characteristics, making coverage difficult to predict. The PCTEL® TX2440 transmitter mimics the propagation profiles of 5G mmWave signals, enabling real-world coverage testing prior to deployment. With data from CW testing, engineers can efficiently plan and design in-building and outdoor networks, reducing the cost of delivering effective 5G coverage.
Compared to the average trading volume of 86.79K shares, PCTI reached a trading volume of 1304276 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about PCTEL Inc. [PCTI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCTI shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PCTI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Lake Street have made an estimate for PCTEL Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 09, 2019. While these analysts kept the previous recommendation, B. Riley FBR raised their target price from $5 to $6.50. The new note on the price target was released on August 09, 2019, representing the official price target for PCTEL Inc. stock. Previously, the target price had yet another drop from $8.50 to $4.50, while B. Riley FBR kept a Buy rating on PCTI stock. On August 09, 2018, analysts decreased their price target for PCTI shares from 9 to 6.
The Average True Range (ATR) for PCTEL Inc. is set at 0.40, with the Price to Sales ratio for PCTI stock in the period of the last 12 months amounting to 2.16. The Price to Book ratio for the last quarter was 2.27, with the Price to Cash per share for the same quarter was set at 1.95. Price to Free Cash Flow for PCTI in the course of the last twelve months was 31.06 with Quick ratio for the last quarter at 5.60.
How has PCTI stock performed recently?
PCTEL Inc. [PCTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 34.75. With this latest performance, PCTI shares gained by 35.16% in over the last four-week period, additionally plugging by 47.02% over the last 6 months – not to mention a drop of 0.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PCTI stock in for the last two-week period is set at 78.96, with the RSI for the last a single of trading hit 83.44, and the three-weeks RSI is set at 75.47 for PCTEL Inc. [PCTI]. The present Moving Average for the last 50 days of trading for this stock 6.49, while it was recorded at 7.10 for the last single week of trading, and 6.27 for the last 200 days.
PCTEL Inc. [PCTI]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and PCTEL Inc. [PCTI] shares currently have an operating margin of +3.66 and a Gross Margin at +45.57. PCTEL Inc.’s Net Margin is presently recorded at +4.14.
Return on Total Capital for PCTI is now 4.52, given the latest momentum, and Return on Invested Capital for the company is 5.13. Return on Equity for this stock inclined to 5.25, with Return on Assets sitting at 4.38. When it comes to the capital structure of this company, PCTEL Inc. [PCTI] has a Total Debt to Total Equity ratio set at 4.83. Additionally, PCTI Total Debt to Total Capital is recorded at 4.61, with Total Debt to Total Assets ending up at 3.97. Long-Term Debt to Equity for the company is recorded at 4.34, with the Long-Term Debt to Total Capital now at 4.14.
Reflecting on the efficiency of the workforce at the company, PCTEL Inc. [PCTI] managed to generate an average of $11,329 per employee. Receivables Turnover for the company is 5.45 with a Total Asset Turnover recorded at a value of 1.06.PCTEL Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.60 and a Current Ratio set at 6.70.
Earnings analysis for PCTEL Inc. [PCTI]
With the latest financial reports released by the company, PCTEL Inc. posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 45.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PCTI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PCTEL Inc. go to 10.00%.
Insider trade positions for PCTEL Inc. [PCTI]
There are presently around $76 million, or 63.70% of PCTI stock, in the hands of institutional investors. The top three institutional holders of PCTI stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 1,558,973, which is approximately 0.583% of the company’s market cap and around 3.30% of the total institutional ownership; BLACKROCK INC., holding 1,386,124 shares of the stock with an approximate value of $9.06 million in PCTI stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $8.26 million in PCTI stock with ownership of nearly -1.064% of the company’s market capitalization.
Positions in PCTEL Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 27 institutional holders increased their position in PCTEL Inc. [NASDAQ:PCTI] by around 894,807 shares. Additionally, 43 investors decreased positions by around 1,409,236 shares, while 17 investors held positions by with 9,333,152 shares. The mentioned changes placed institutional holdings at 11,637,195 shares, according to the latest SEC report filing. PCTI stock had 9 new institutional investments in for a total of 408,257 shares, while 16 institutional investors sold positions of 964,358 shares during the same period.