Patrick Industries Stock Price on January 2, 2024
| PATK Stock | USD 134.42 3.93 2.84% |
Below is the normalized historical share price chart for Patrick Industries extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Patrick Industries stands at 134.42, as last reported on the 29th of November, with the highest price reaching 140.75 and the lowest price hitting 134.26 during the day.
If you're considering investing in Patrick Stock, it is important to understand the factors that can impact its price. As of now, Patrick Stock is very steady. Patrick Industries maintains Sharpe Ratio (i.e., Efficiency) of 0.054, which implies the firm had a 0.054% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Patrick Industries, which you can use to evaluate the volatility of the company. Please check Patrick Industries' Risk Adjusted Performance of 0.0293, coefficient of variation of 3434.4, and Semi Deviation of 2.54 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
At this time, Patrick Industries' Capital Stock is quite stable compared to the past year. Stock Based Compensation is expected to rise to about 20.4 M this year, although the value of Stock Based Compensation To Revenue will most likely fall to 0. . At this time, Patrick Industries' Price Sales Ratio is quite stable compared to the past year. Patrick Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 13th of January 1978 | 200 Day MA 121.0148 | 50 Day MA 136.581 | Beta 1.618 |
Patrick |
Sharpe Ratio = 0.054
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | PATK | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.54 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Patrick Industries is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Patrick Industries by adding it to a well-diversified portfolio.
Price Book 2.6658 | Enterprise Value Ebitda 10.4433 | Price Sales 0.8248 | Shares Float 21.4 M | Dividend Share 2.2 |
Patrick Industries Valuation on January 2, 2024
It is possible to determine the worth of Patrick Industries on a given historical date. On January 2, 2024 Patrick was worth 99.52 at the beginning of the trading date compared to the closed value of 98.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Patrick Industries stock. Still, in general, we apply an absolute valuation method to find Patrick Industries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Patrick Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Patrick Industries' related companies.
| Open | High | Low | Close | Volume | |
| 100.34 | 100.70 | 99.05 | 99.13 | 80,460 | |
01/02/2024 | 99.52 | 102.10 | 97.44 | 98.60 | 144,478 |
| 97.45 | 97.45 | 93.78 | 94.00 | 243,270 |
| Backtest Patrick Industries | | | Patrick Industries History | | | Patrick Industries Valuation | Previous | Next |
Patrick Industries Trading Date Momentum on January 2, 2024
| On January 03 2024 Patrick Industries was traded for 94.00 at the closing time. The top price for the day was 97.45 and the lowest listed price was 93.78 . The trading volume for the day was 243.3 K. The trading history from January 3, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 4.67% . The trading delta at closing time against the current closing price is 1.58% . |
Patrick Industries Fundamentals Correlations and Trends
By evaluating Patrick Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Patrick Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Patrick financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Patrick Industries Stock history
Patrick Industries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Patrick is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Patrick Industries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Patrick Industries stock prices may prove useful in developing a viable investing in Patrick Industries
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 22 M | 17.8 M | |
| Net Income Applicable To Common Shares | 377.4 M | 396.3 M |
Patrick Industries Quarterly Net Working Capital |
|
Patrick Industries Stock Technical Analysis
Patrick Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Patrick Industries Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Patrick Industries cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Patrick Industries November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Patrick Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Patrick Industries shares will generate the highest return on investment. By undertsting and applying Patrick Industries stock market strength indicators, traders can identify Patrick Industries entry and exit signals to maximize returns
Patrick Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Patrick Industries' price direction in advance. Along with the technical and fundamental analysis of Patrick Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Patrick to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0308 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patrick Industries. If investors know Patrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patrick Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 2.2 | Earnings Share 6.96 | Revenue Per Share 168.682 | Quarterly Revenue Growth 0.062 |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.