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In the latest session, Emcore Corp. (NASDAQ: EMKR) closed at $1.19 up 4.39% from its previous closing price of $1.14. In other words, the price has increased by $4.39 from its previous closing price. On the day, 0.51 million shares were traded. EMKR stock price reached its highest trading level at $1.23 during the session, while it also had its lowest trading level at $1.138.
Ratios:
For a deeper understanding of Emcore Corp.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.85 and its Current Ratio is at 3.27. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.40.
On February 10, 2022, Lake Street Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $11 to $4.50.
On May 26, 2021, Cowen started tracking the stock assigning a Outperform rating and target price of $16.Cowen initiated its Outperform rating on May 26, 2021, with a $16 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 09 ’24 when Archon Capital Management LLC sold 1,255,258 shares for $1.12 per share. The transaction valued at 1,409,153 led to the insider holds 0 shares of the business.
Archon Capital Management LLC bought 2,453,898 shares of EMKR for $944,751 on Feb 15 ’24. The 10% Owner now owns 12,552,577 shares after completing the transaction at $0.39 per share. On Feb 14 ’24, another insider, Archon Capital Management LLC, who serves as the 10% Owner of the company, bought 2,397,670 shares for $0.34 each. As a result, the insider paid 803,219 and bolstered with 10,098,679 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EMKR now has a Market Capitalization of 9589917 and an Enterprise Value of 28889916. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 0.14. Its current Enterprise Value per Revenue stands at 0.297 whereas that against EBITDA is -2.588.
Stock Price History:
Over the past 52 weeks, EMKR has reached a high of $9.50, while it has fallen to a 52-week low of $0.78. The 50-Day Moving Average of the stock is -18.17%, while the 200-Day Moving Average is calculated to be -67.97%.
Shares Statistics:
For the past three months, EMKR has traded an average of 713.80K shares per day and 1206510 over the past ten days. A total of 7.71M shares are outstanding, with a floating share count of 6.74M. Insiders hold about 18.42% of the company’s shares, while institutions hold 49.69% stake in the company. Shares short for EMKR as of 1718323200 were 232230 with a Short Ratio of 0.33, compared to 1715731200 on 338438. Therefore, it implies a Short% of Shares Outstanding of 232230 and a Short% of Float of 2.8299998.
