Patrick Industries (PATK) stock, explained like you're 5

Is Patrick Industries a small, medium or large cap company?

No. Patrick Industries is a mid cap stock, not a large cap. Its market cap, which is the total value of all its shares, is about 2 billion dollars.

Here is how you can tell. Multiply the share price by the number of shares to get the market cap, then compare it to the usual sizes. Micro cap is under 300 million dollars, small cap is 300 million to 2 billion, mid cap is 2 to 10 billion, large cap is 10 billion and up, and mega cap is over 200 billion. Market caps move every day with the share price, so treat the number as a recent snapshot.

How Patrick Industries makes money

• Selling products and services people buy when they feel confident, like cars, travel, shopping and dining.
• Online and in store sales.
• Memberships, financing and services around the main product.

What moves PATK stock

• How confident shoppers feel and how much they spend.
• Interest rates, which affect big purchases.
• Prices, costs and competition.

In the news lately

• Patrick Industries (PATK) Stock Could Be 50% Undervalued On Cash Flow (Yahoo Finance)
• Is Patrick Industries (PATK) Cheap As October 29 Earnings Near? (Simply Wall Street)
• Patrick Industries stock sits 31.96 percent below BMO's USD 100.00 target (ad-hoc-news.de)
• November 18 votes will put Patrick Industries (PATK)'s proposed LCI merger before shareholders. (Stock Titan)
• StoneX cuts Patrick Industries stock price target on weaker RV outlook (Investing.com)

Key terms to know before you follow PATK

• Market cap
• P/E ratio
• EPS (earnings per share)
• Earnings report
• Volatility