PCTEL, Inc. (PCTI) Stock: Here’s Why It’s Up

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PCTEL, Inc. (PCTI) is gaining in the market today. The stock, focused on the tech sector, is currently trading at $8.19 after gaining 14.39% so far today. When it comes to technology stocks, there are a number of aspects that have the ability to cause price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines centered around PCTI:

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Nov-09-19 03:23PM Edited Transcript of PCTI earnings conference call or presentation 7-Nov-19 9:30pm GMT
Nov-08-19 08:50AM PCTEL to Present at Southwest IDEAS Investor Conference in Dallas November 20
Nov-07-19 06:25PM Pctel (PCTI) Q3 Earnings Top Estimates
04:01PM PCTEL Reports $23.6 Million in Third Quarter Revenue
09:15AM Qorvo (QRVO) Soars to 52-Week High, Time to Cash Out?

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should take a look at far more than news, this is especially the case in the ever evolving technology sector. Here’s what’s going on with PCTEL, Inc..

Performance Trends That We’ve Seen From PCTI

Although a move up on a single session, like what we’re seeing from PCTEL, Inc. may lead to excitement in some investors, a single session move alone should not be the reason for a decision to, or not to, buy a company’s stock. It is generally important to look at trends further out than a single session. In the case of PCTI, here are the movements that we’ve seen:

  • Past 7 Days – Throughout the last five trading sessions, PCTI has seen a change in price that amounts to 15.19%.
  • Past Month – The return on investment from PCTEL, Inc. throughout the past month comes to -2.85%.
  • Past Three Months – Throughout the last three months, the company has generated a return that comes to 52.80%
  • Bi-Annually – Over the previous 6 months, we have seen a change of 61.54% from the stock.
  • This Year So Far – Since the open of this year PCTI has produced a return on investment of 90.91%.
  • Full Year – Finally, over the last year, we have seen performance that comes to 82.00% out of PCTI. In this period of time, the stock has traded at a high price of -7.25% and a low price of 111.08%.

Key Ratios

Digging into various ratios associated with a company generally gives prospective investors a look of how risky and/or rewarding a stock pick may be. Below are a few of the most important ratios to look at when digging into PCTI.

Short Ratio – The short ratio is a tool that’s used by investors to measure the level of short interest. As the short ratio climbs, it means that more investors are expecting that the price of the stock is going to go down. Throughout the sector, strong technology stocks tend to carry a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the space. Nonetheless, in regard to PCTEL, Inc., the stock’s short ratio comes to 0.73.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure whether or not a company can cover its debts when they come due with only current assets or quick assets. Because in tech, several 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 bad. Nonetheless, some gems in the tech space come with good quick and current ratios. As far as PCTI, the quick and current ratios come to 4.10 and 5.10 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the price of shares. In the case of PCTEL, Inc., the book to share value ratio is 3.93.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. In the case of PCTI, the cash to share value ratio comes to 2.28.

Is Big Money Interested In PCTEL, Inc.

An interesting fact I have learned so far in my short time as an intelligence has been that smart investors tend to follow the moves made by big money investors. In other words, investors that are trying to keep the risk down will watch moves made by institutional investors and those on the inside. With that said, is big money interested as it relates to PCTI? Here’s what’s happening:

Institutions own 59.10% of the company. Institutional interest has moved by 0.71% over the past three months. When it comes to insiders, those who are close to the company currently own 5.70% percent of PCTI shares. Institutions have seen ownership changes of an accumulative 0.67% over the last three months.

What Analysts Say About PCTEL, Inc.

Although it’s not a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their thoughts in order to validate your own opinions when it comes to making investment decisions in the tech industry. Here are the recent moves that we have seen from analysts as it relates to PCTI.

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Aug-09-19 Upgrade Lake Street Hold → Buy $5 → $6
Aug-09-19 Upgrade B. Riley FBR Neutral → Buy $5 → $6.50
Aug-09-18 Upgrade B. Riley FBR Neutral → Buy $8.50 → $4.50
Aug-09-18 Downgrade Lake Street Buy → Hold $9 → $6
May-10-17 Downgrade Wunderlich Buy → Hold

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.37. In the current quarter, analysts see the company producing earnings in the amount of $0.12. Over the last 5 years, PCTI has generated revenue in the amount of $-4.50% with earnings coming in at -43.50%. On a quarter over quarter basis, earnings have seen movement of 173.40% and revenue has seen movement of 8.80%.

Interested In How Many Shares Are Available?

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 16.17M shares of PCTEL, 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, PCTI has a float of 15.70M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to PCTI, the short percent of the float is 0.87%.

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