Park Aerospace Corp. (NYSE: PKE) Gains 1.38% And Its 3.37% Stock Volatility Is Bewildering

Park Aerospace Corp. (NYSE:PKE) does about 73.60K shares in volume on a normal day but saw 210354 shares change hands in Friday trading. The company now has a market cap of 308.24M USD. Its current market price is $16.13, marking an increase of 1.38% compared to the previous close of $15.91. The 52 week high reached by this stock is $16.04 whilst the lowest price level in 52 weeks is $10.08. The script in recent trading has seen the stock touch a high of $16.54 and a low of $15.96.

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Park Aerospace Corp. (PKE) has a 20-day trading average at $14.52 and the current price is 0.56% off the 52-week high compared with 60.02% distance from its 52-week low. The 50-day simple moving average of the closing price is $13.42 and its 200-day simple moving average is $12.37. If we look at the stock’s price movements over the week, volatility stands at 3.37%, which decreases to 3.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.90 to suggest the stock is overbought.

1 analysts observing the Park Aerospace Corp. (PKE) stock have set the 12-month price targets for the company’s shares at between $26.00 and $26.00. The median price target is 37.96% away from the current levels at $26.00.

FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 30, 2016 when Needham reiterated the stock to “Buy” and issued a price target of between $21 and $18. Needham upgraded its price target at $33.

The current price level is 11.96%, 20.72%, and 30.66% away from its SMA20, SMA50, and SMA200 respectively, with the PKE price moving below the 50-day SMA on February 17. Park Aerospace Corp. (PKE) stock is up 6.47% over the week and 21.19% over the past month. Its price is 20.28% year-to-date and 21.28% over the past year.

The company’s next earnings report is expected on 05/11/2023.

Its 12-month price target is $26.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $26.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $26.00.

Outstanding shares total 20.47M with insiders holding 5.02% of the shares and institutional holders owning 88.90% of the company’s common stock. The company has a return on investment of 6.00% and return on equity of 5.90%. The price to earnings ratio (P/E ratio) amounts to 41.47. The beta has a value of 0.62. Price to book ratio is 2.47 and price to sales ratio is 5.82.

According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Small Cap ETF has added its position in Park Aerospace Corp. (PKE) to 1,448,062 shares, mirroring a recent increase by 0.08%. iShares Core S&P Small Cap ETF added 1088.0 shares of Park Aerospace Corp. common stock bringing its total worth to about $20.14 million at the end of recent close, SEC documents show. iShares Core S&P Small Cap ETF isn’t the only investment manager who changed stakes and is followed by Heartland Group Inc – Value Plus, which added 5000.0 shares to end up with 835,000 shares worth $11.61 million.

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