PCTEL Inc. (PCTI): Time to Buy this stock

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PCTEL Inc. (NASDAQ:PCTI) changes shares on Thursday trading session, with a change of -4.37% or -$0.29 shares. The trading starts at $6.65 and closed at $6.64 throughout the day. The trading session low price was $6.25 and day high was $6.76 on Thursday, June 18. After the session, the Technology sector daily volume shifted to 0.13 million while its average volume is 111.17K. In other hand, the PCTI market cap reached to $107.63M. While, its current target price is $6.35 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 5.13% and down 0.00% for month. Its quarterly performance was 35.39% above, while its half year performance is down -25.38%. PCTI yearly performance stood at positive 36.85% and fall -25.03% for year-to-date. Current recommendation for PCTEL Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. PCTI EPS (TTM) for 12-month is 0.19. EPS for this year is 127.50%, while for the next year its value is 0.47. Sales growth for the current quarter is 3.41 while its EPS Q/Q reached -110.10%. It has an EPS of -3.80% down for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on PCTI for the current month and previous month. For the current month, 2 of 2 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $8.00-$9.25. Average target price for PCTI was reached at $8.63.

Renaissance Technologies, LLC, Dimensional Fund Advisors LP and Vanguard Group, Inc. (The) are the top three holders in PCTEL Inc. (PCTI) stock. On Mar 30, 2020, Renaissance Technologies, LLC has 1.4 million shares which valued 9.28 million. On Mar 30, 2020, Dimensional Fund Advisors LP owned 1.34 million shares which valued at 8.91 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 1.0 million shares which valued at 6.64 million. In the end, Vanguard Group, Inc. (The) have 5.37% shares outstanding of PCTEL Inc. (PCTI) on Mar 30, 2020. The insider ownership moved to 6.60% and institutional holding shifted to 66.50%.

The company posted an EPS (TTM) of 0.19. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.07, while 0.13 EPS posted a year ago period. Analyst Estimated EPS for PCTI published in the report was 0.07-0.08 during the same period. Comparing with last year, the average estimated EPS was 0.13 which is higher than 0.01 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for PCTI fall -14.92% for period of 200 days. SMA for 50 days was -0.78% which is showing red signal, while SMA-20 was -4.32%. The moving average value for PCTEL Inc. (PCTI) is 7.26 and 6.55 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in PCTI stock. On Sep 09, Neumann David A, Chief Executive Officer, bought 1,000 trading shares at the cost of $7.00, which valued at 7000.0.