Last Updated: 14 Nov 2024
Executive Summary
Proto Labs Inc. (PRLB) is a leading e-commerce-driven digital manufacturer of custom prototypes and on-demand production parts. The company's stock is currently trading at $39.26, within its 52-week range of $25.75 to $41.87.
Company Overview
Proto Labs is headquartered in Maple Plain, Minnesota, and serves customers worldwide. The company operates a network of manufacturing facilities in the United States, Europe, and Asia. Proto Labs' products are used in a wide range of industries, including automotive, aerospace, medical, and consumer electronics.
Fundamental Analysis
Proto Labs has a strong financial profile. The company has been consistently profitable in recent years, with revenue and earnings growing at a healthy pace. In the latest quarter, Proto Labs reported revenue of $504.2 million, up 3.9% year-over-year. Diluted EPS was $0.94, down 5.8% year-over-year.
Proto Labs' profitability metrics are also strong. The company's gross margin is 42.7%, and its operating margin is 6.8%. Proto Labs' return on assets and return on equity are also above industry averages.
Technical Analysis
Proto Labs' stock price has been trading in a range between $25.75 and $41.87 over the past 52 weeks. The stock is currently trading near the middle of this range. The 50-day moving average is $29.85, and the 200-day moving average is $32.01.
Short Term Outlook
In the short term, Proto Labs' stock price is likely to continue to trade in a range. The stock is currently facing resistance at $40.33, the analyst target price. If the stock can break above this level, it could move towards $41.87, the 52-week high. However, if the stock falls below $29.85, the 50-day moving average, it could move towards $25.75, the 52-week low.
Long Term Outlook
In the long term, Proto Labs' stock price is likely to continue to rise. The company has a strong business model, a solid financial profile, and a growing market opportunity. As the global economy continues to recover, Proto Labs is well-positioned to benefit from increased demand for its products.
Analyst Recommendations
Analysts are generally positive on Proto Labs' stock. Two analysts have a "buy" rating on the stock, and three analysts have a "hold" rating. The average analyst target price is $40.33.
