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In a remarkable display of market confidence, shares of Parametric Sound Corp (NASDAQ:TBCH) have surged to a 52-week high, touching a price level of $19.31. According to InvestingPro data, analysts see further upside potential, with price targets ranging from $20 to $26. This peak represents a significant milestone for the company, which has seen its stock price climb steadily over the past year. Investors have been buoyed by the company’s performance, with TBCH stock experiencing an impressive 1-year change of 55.28%. Management’s aggressive share buyback program and expectations of net income growth this year signal strong internal confidence. InvestingPro subscribers can access 11 more key insights about TBCH’s growth prospects and valuation metrics. The ascent to the 52-week high underscores the positive sentiment surrounding the company’s prospects and the robust demand for its shares among investors seeking growth opportunities. While trading at a relatively high P/E ratio of 80, the stock’s current price aligns closely with its InvestingPro Fair Value, suggesting balanced valuation levels.
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