Plantronics, Inc. (PLT) Stock: Seeing Gains In Today’s Session

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Plantronics, Inc. (PLT) is trending up in the market in today’s trading session. The company, focused on the tech space, is currently trading at $36.28 after heading up 7.08% so far today. When it comes to tech stocks, there are quite a few aspects that have the ability to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent stories centered around PLT:

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Sep-04-19 08:01AM The Next Generation of True Wireless Earbuds from Plantronics Provides All-day Wear for Those On the Go, Working out, or Just Plain Working to Include BackBeat PRO 5100 and BackBeat FIT 3200
Aug-30-19 10:31AM New Strong Sell Stocks for August 30th
Aug-20-19 08:01AM RIG 700 Wireless Gaming Headset Takes Ultra-Lightweight to the Next Level
Aug-15-19 06:17AM It Might Not Be A Great Idea To Buy Plantronics, Inc. (NYSE:PLT) For Its Next Dividend
Aug-14-19 05:03PM Silicon Valley stocks flash red as Dow posts worst day of 2019

However, when making a decision with regard to investing, prospective investors should look into much more than just news, this is especially the case in the ever evolving technology industry. Here’s what’s happing when it comes to Plantronics, Inc..

Recent Moves From PLT

While a move toward the top in a single session, like the move that we’re seeing from Plantronics, Inc. may lead to excitement in some investors, that by itself should not be the basis of a decision to, or not to, buy a company’s stock. It is generally smart to look into trends just a single trading day. In the case of PLT, below are the movements that investors have seen:

  • Weekly – Throughout the last five trading sessions, PLT has generated a change in value in the amount of 18.21%.
  • Past Month – The monthly performance from Plantronics, Inc. works out to 32.55%.
  • Past Three Months – Over the past quarter, the company has generated a return that comes to -20.58%
  • Past 6 Months – Over the previous 6 months, investors have seen a performance that amounts to -25.33% from the stock.
  • YTD – Since the the last trading session of last year PLT has resulted in a ROI of 9.61%.
  • Full Year – Finally, over the last year, we’ve seen performance that works out to -41.58% from PLT. Over this period of time, the stock has traded at a high of -44.04% and a low of 39.06%.

Ratios Worth Paying Attention To

Digging into a few ratios having to do with a stock can give investors a look of just how risky and/or potentially profitable a an investment option may be. Here are some of the most important ratios to look at when looking at PLT.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it means that more investors are expecting that the stock is going to go down. In general, strong technology stocks can carry a lower short ratio. However, we also see a lot of short squeezes in the sector. Nonetheless, when it comes to Plantronics, Inc., it’s short ratio comes to 5.66.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure whether or not a company can pay its debts when they come due with only quick assets or current assets. In the tech industry, companies are heavily reliant on continued support from investors as they work to bring new technologies to market, the quick and current ratios can seem upsetting. However, several better companies in the technology sector do have great current and quick ratios. In terms of PLT, the quick and current ratios total up to 1.00 and 1.40 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the share price. when it comes to Plantronics, Inc., that ratio is 17.06.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the price of shares. In this case, the cash to share value ratio comes to 5.21.

Big Money And Plantronics, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in PLT, here’s what we’re seeing:

  • Institutions – At the moment, institutional investors own 98.76% of the company. Nonetheless, it’s worth mentioning that institutional ownership has moved in the amount of 2.90% throughout the past 3 months.
  • Insider Moves – as it relates to insiders, those close to the situation currently hold 1.50% of the company. Their ownership of the company has changed by -0.73% over the last 3 months.

How Analysts Feel About Plantronics, Inc.

While it’s not a smart idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to use their thoughts to validate your own opinions when it comes to making an investment decision in the tech industry. Below are the most recent moves that we’ve seen from analysts with regard to PLT.

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Jun-28-19 Initiated Evercore ISI Outperform
Aug-08-18 Upgrade Sidoti Neutral → Buy
Jul-09-18 Downgrade Sidoti Buy → Neutral
Mar-29-18 Upgrade Sidoti Neutral → Buy
Feb-01-18 Downgrade Sidoti Buy → Neutral $60

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $6.43. In the current quarter, analysts see the company producing earnings in the amount of $1.34. Over the last 5 years, PLT has generated revenue in the amount of $15.40% with earnings coming in at -27.90%. On a quarter over quarter basis, earnings have seen movement of -362.40% and revenue has seen movement of 102.30%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 39.54M shares of Plantronics, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, PLT has a float of 32.75M.

It’s also important to pay attention to the short float. Think about it, if a large percentage of the float available for trading is shorted, the overall feeling in the market is that the stock is going to take a dive. As far as PLT, the percentage of the float that is currently being sold short is 8.95%. In general, concerning short percent of the float would be any percentage over 40%. However, I’ve seen that a short ratio over 26% is probably going to be a play that comes with hefty risk.

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