HighMark Wealth Management LLC Increases Investment in Proto Labs,
January 2, 2024
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The company offers a range of manufacturing capabilities, including 3D printing, CNC machining, and injection molding, to help its customers streamline the product development process. The company’s extensive network of manufacturing partners also allows it to meet the needs of global customers by providing quality parts at scale. With an ever-growing customer base of engineers and designers, Proto Labs ($NYSE:PRLB)’ continued investment in R&D and technology are sure to pay off in the long run.
Market Price
On Thursday, PROTO LABS Inc. saw a slight decrease of 1.0% in its stock from prior closing price of $40.2 to an opening price of $40.1 and closing price of $39.8. The decision signals confidence in the long-term growth potential of PROTO LABS. Despite the slight dip in stock price, PROTO LABS continues to attract investor interest and support for its innovative 3D printing and manufacturing services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Proto Labs. More…
| Total Revenues | Net Income | Net Margin |
| 494.44 | -104.83 | -2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Proto Labs. More…
| Operations | Investing | Financing |
| 66.56 | 10.15 | -53.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Proto Labs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 784.25 | 99.32 | 26.56 |
Key Ratios Snapshot
Some of the financial key ratios for Proto Labs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | -32.1% | 4.3% |
| FCF Margin | ROE | ROA |
| 10.4% | 2.0% | 1.7% |
Analysis
At GoodWhale, we have conducted an analysis of PROTO LABS‘s wellbeing. According to our Star Chart, PROTO LABS is strong in assets and profitability, but weak in dividend growth. Its health score is 10/10, meaning it is capable of safely riding out any crisis without the risk of bankruptcy. We classify PROTO LABS as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Given these characteristics, we believe that this company may be attractive to investors looking for a stable and secure investment, with a potential for long-term profit growth. Furthermore, given the nature of PROTO LABS’s assets, this would be an ideal opportunity for those looking to diversify their portfolio. More…
Peers
Its primary competitors are J Pond Precision Technology Co Ltd, Dongguan Chitwing Technology Co Ltd, and Lucky Harvest Co Ltd. All of these companies offer machining services that create parts from 3D computer-aided design, or “CAD” files.
– J Pond Precision Technology Co Ltd ($SZSE:301326)
Pond Precision Technology Co Ltd is a market leading manufacturer of high precision engineering products and solutions. The company has a strong reputation for quality and innovation, and is widely respected within the industry. Pond Precision Technology Co Ltd has a market cap of 3.01B as of 2022, a Return on Equity of 6.21%. The company’s products are used in a wide range of industries, including aerospace, automotive, medical, and electronics. Pond Precision Technology Co Ltd is headquartered in Shenzhen, China.
– Dongguan Chitwing Technology Co Ltd ($SZSE:002855)
Dongguan Chitwing Technology Co Ltd is a Chinese company that manufactures and sells electronic cigarettes and other vaping products. The company has a market cap of 2.24 billion as of 2022 and a return on equity of -16.31%. Dongguan Chitwing Technology Co Ltd is a publicly traded company on the Shenzhen Stock Exchange.
– Lucky Harvest Co Ltd ($SZSE:002965)
Lucky Harvest Co Ltd is a publicly traded company with a market capitalization of 9.54 billion as of 2022. The company has a return on equity of 6.74%. Lucky Harvest Co Ltd is engaged in the business of agriculture and food production. The company operates in China, Hong Kong, and Taiwan.
Summary
Proto Labs, Inc. (NYSE: PRLB) has seen an increase in its share price over the past few weeks. HighMark Wealth Management LLC has taken advantage of this opportunity and has increased its holdings in the company. Overall, investors have responded positively to the company’s positive financials, which has led to a significant increase in stock value. Analysts are generally bullish on Proto Labs due to its impressive revenue growth and strong customer base.
In addition, the company’s share price has been rising due to its focus on providing fast prototyping and injection molded parts for customers. Looking ahead, investors should continue to monitor the company’s financial performance as well as its competitive position in the industry.
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