Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Proto Labs Inc before investing.

In this article, we go over a few key elements for understanding Proto Labs Inc’s stock price such as:

• Proto Labs Inc’s current stock price and volume
• Why Proto Labs Inc’s stock price changed recently
• Upgrades and downgrades for PRLB from analysts
• PRLB’s stock price momentum as measured by its relative strength

About Proto Labs Inc (PRLB)

Before we jump into Proto Labs Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Proto Labs, Inc. is a digital manufacturer of custom prototypes and on-demand production parts. The Company?s automated quoting and manufacturing systems allows the Company to produce commercial-grade plastic, metal, and liquid silicone rubber parts. It manufactures prototype and low volume production parts for companies worldwide. The Company's primary manufacturing product lines include injection molding, computer numerical control (CNC) machining, three-dimensional (3D) printing and sheet metal. The Company serves all manufacturing industry verticals, being medical and healthcare, computer electronics, industrial machinery and equipment, aerospace and automotive. Its digital model supports the transition from prototyping to production and enables the Company to serve product developers and engineers through prototyping and product development.

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Proto Labs Inc’s Stock Price as of Market Close

As of February 13, 2024, 4:00 PM, CST, Proto Labs Inc’s stock price was $33.52.

Proto Labs Inc is down 5.39% from its previous closing price of $35.43.

During the last market session, Proto Labs Inc’s stock traded between $33.73 and $35.69. Currently, there are 26.02 million shares of Proto Labs Inc stock available for purchase.

Proto Labs Inc’s price-earnings (P/E) ratio is currently at 53.6, which is high compared to the Industrial Machinery & Equipment industry median of 26.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Proto Labs Inc Stock Price History

Proto Labs Inc’s (PRLB) price is currently down 7.12% so far this month.

During the month of February, Proto Labs Inc’s stock price has reached a high of $41.87 and a low of $33.13.

Over the last year, Proto Labs Inc has hit prices as high as $41.87 and as low as $23.01. Year to date, Proto Labs Inc’s stock is up 31.3%.

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What Caused Proto Labs Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 12, 2024, there were 2 analysts who downgraded Proto Labs Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Proto Labs Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Proto Labs Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Proto Labs Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Proto Labs Inc (PRLB) by visiting AAII Stock Evaluator.

Relative Price Strength of Proto Labs Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 12, 2024, Proto Labs Inc has a weighted four-quarter relative price strength of -4.57%, which translates to a Momentum Score of 52 and is considered to be Average.

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Proto Labs Inc Stock Price: Bottom Line

As of February 13, 2024, Proto Labs Inc’s stock price is $33.52, which is down 5.39% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Proto Labs Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.