Daily Market Movement: Emcore Corp. (EMKR) Sees a -4.76 Decrease, Closing at 1.00

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The closing price of Emcore Corp. (NASDAQ: EMKR) was $1.00 for the day, down -4.76% from the previous closing price of $1.05. In other words, the price has decreased by -$4.76 from its previous closing price. On the day, 0.81 million shares were traded. EMKR stock price reached its highest trading level at $1.05 during the session, while it also had its lowest trading level at $0.9701.

Ratios:

Our analysis of EMKR’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 7732030 and an Enterprise Value of 101339000. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08 while its Price-to-Book (P/B) ratio in mrq is 0.12. Its current Enterprise Value per Revenue stands at 1.042 whereas that against EBITDA is -9.002.

Stock Price History:

The Beta on a monthly basis for EMKR is 1.47, which has changed by -0.8888889 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, EMKR has reached a high of $10.00, while it has fallen to a 52-week low of $1.01. The 50-Day Moving Average of the stock is -69.11%, while the 200-Day Moving Average is calculated to be -78.37%.

Shares Statistics:

EMKR traded an average of 235.77K shares per day over the past three months and 898200 shares per day over the past ten days. A total of 7.71M shares are outstanding, with a floating share count of 6.50M. Insiders hold about 15.89% of the company’s shares, while institutions hold 50.35% stake in the company. Shares short for EMKR as of 1714435200 were 128389 with a Short Ratio of 0.54, compared to 1711584000 on 34056. Therefore, it implies a Short% of Shares Outstanding of 128389 and a Short% of Float of 1.68.

Earnings Estimates

The stock of Emcore Corp. (EMKR) is currently in the spotlight, with 2.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of -$0.3 for the current quarter, with a high estimate of -$0.3 and a low estimate of -$0.3, while EPS last year was -$1.8. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.2 and low estimates of -$0.2.

Analysts are recommending an EPS of between -$0.8 and -$0.9 for the fiscal current year, implying an average EPS of -$0.85. EPS for the following year is -$0.2, with 1.0 analysts recommending between -$0.2 and -$0.2.

Revenue Estimates

For the next quarter, 3 analysts are estimating revenue of $22.41M. There is a high estimate of $27.23M for the next quarter, whereas the lowest estimate is $20M.

A total of 3 analysts have provided revenue estimates for EMKR’s current fiscal year. The highest revenue estimate was $102.23M, while the lowest revenue estimate was $83.8M, resulting in an average revenue estimate of $90.34M. In the same quarter a year ago, actual revenue was $97.72MBased on 2 analysts’ estimates, the company’s revenue will be $100.72M in the next fiscal year. The high estimate is $115.93M and the low estimate is $85.5M.

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