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PATK
Stock ticker:
NASDAQ
AS OF
Jul 1 closing price
Price
$53.16
Change
+$1.32 (+2.55%)
Capitalization
1.22B

PATK Price Prediction, Patrick Industries AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

Momentum Indicator for PATK turns positive, indicating new upward trend

PATK saw its Momentum Indicator move above the 0 level on July 01, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned positive. In 76 of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at 84%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PATK's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 55 cases where PATK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PATK just turned positive on June 28, 2022. Looking at past instances where PATK's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PATK advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .

PATK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

PATK moved below its 50-day moving average on June 07, 2022 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PATK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PATK entered a downward trend on June 27, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.529) is normal, around the industry mean (53.212). P/E Ratio (4.382) is within average values for comparable stocks, (48.678). PATK's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.798). Dividend Yield (0.024) settles around the average of (0.022) among similar stocks. P/S Ratio (0.276) is also within normal values, averaging (20.916).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. PATK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PATK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

PATK is expected to report earnings to fall 17.84% to $3.73 per share on July 28

Patrick Industries PATK Stock Earnings Reports
Q2'22
Est.
$3.73
Q1'22
Beat
by $1.78
Q4'21
Beat
by $0.64
Q3'21
Beat
by $0.42
Q2'21
Beat
by $0.69
The last earnings report on April 28 showed earnings per share of $4.54, beating the estimate of $2.76. With 137.21K shares outstanding, the current market capitalization sits at 1.22B.
AI
A.I.Advisor
published Dividends

PATK paid dividends on June 13, 2022

Patrick Industries PATK Stock Dividends
А dividend of $0.33 per share was paid with a record date of June 13, 2022, and an ex-dividend date of May 27, 2022. Read more...
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Harley-Davidson (NYSE:HOG), YETI Holdings (NYSE:YETI), Peloton Interactive (NASDAQ:PTON), MasterCraft Boat Holdings (NASDAQ:MCFT).

Industry description

The Leisure and Recreation Products industry includes companies offering recreational goods/services such as video games, swimming pools, golf courses, boats, outdoor spaces etc. Since these are mainly geared towards consumers, strong employment conditions and healthy incomes generally augur well for the recreational products industry. Some of the largest market caps in this space belong to video game developers (e.g. Activision Blizzard, Electronic Arts and Take-two Interactive), and toy /board game makers (like Hasbro).

Market Cap

The average market capitalization across the Recreational Products Industry is 3.84B. The market cap for tickers in the group ranges from 5.94K to 44.31B. OLCLY holds the highest valuation in this group at 44.31B. The lowest valued company is CLUBQ at 5.94K.

High and low price notable news

The average weekly price growth across all stocks in the Recreational Products Industry was -2%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was -11%. VEEE experienced the highest price growth at 19%, while PMTYF experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Recreational Products Industry was -64%. For the same stocks of the Industry, the average monthly volume growth was -30% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 56
P/E Growth Rating: 71
Price Growth Rating: 68
SMR Rating: 39
Profit Risk Rating: 81
Seasonality Score: -4 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

a manufacturer of building products

Industry RecreationalProducts

Profile
Fundamentals
Details
Industry
Building Products
Address
107 West Franklin Street
Phone
+1 574 294-7511
Employees
11000
Web
https://www.patrickind.com

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PATK and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, PATK has been closely correlated with LCII. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if PATK jumps, then LCII could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PATK
1D Price
Change %
PATK100%
+2.55%
LCII - PATK
76%
Closely correlated
+2.40%
WGO - PATK
76%
Closely correlated
+1.15%
THO - PATK
73%
Closely correlated
+2.69%
BC - PATK
71%
Closely correlated
+1.65%
MBUU - PATK
66%
Loosely correlated
+0.61%
More