The price of Emcore Corp. (NASDAQ: EMKR) closed at $0.35 in the last session, up 1.16% from day before closing price of $0.34. In other words, the price has increased by $+0.0040 from its previous closing price. On the day, 594967 shares were traded. EMKR stock price reached its highest trading level at $0.3600 during the session, while it also had its lowest trading level at $0.3360.
Ratios:
We take a closer look at EMKR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.95 and its Current Ratio is at 3.11. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.37.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 15 ’24 when Archon Capital Management LLC bought 2,453,898 shares for $0.39 per share. The transaction valued at 944,751 led to the insider holds 12,552,577 shares of the business.
Archon Capital Management LLC bought 2,397,670 shares of EMKR for $803,219 on Feb 14 ’24. The 10% Owner now owns 10,098,679 shares after completing the transaction at $0.34 per share. On Jun 20 ’23, another insider, AWM Investment Company, Inc., who serves as the 10% Owner of the company, sold 133,667 shares for $0.70 each. As a result, the insider received 93,353 and left with 5,262,296 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 270.54M and an Enterprise Value of 281.68M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.36. Its current Enterprise Value per Revenue stands at 2.77 whereas that against EBITDA is -14.49.
Stock Price History:
Over the past 52 weeks, EMKR has reached a high of $1.25, while it has fallen to a 52-week low of $0.31. The 50-Day Moving Average of the stock is 4.5739, while the 200-Day Moving Average is calculated to be 5.2472.
Shares Statistics:
According to the various share statistics, EMKR traded on average about 829.13K shares per day over the past 3-months and 57k shares per day over the past 10 days. A total of 77.11M shares are outstanding, with a floating share count of 64.83M. Insiders hold about 16.15% of the company’s shares, while institutions hold 50.54% stake in the company. Shares short for EMKR as of Mar 15, 2024 were 302.56k with a Short Ratio of 0.36, compared to 724.57k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.39% and a Short% of Float of 0.40%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.03, while EPS last year was -$0.18. The consensus estimate for the next quarter is -$0.02, with high estimates of -$0.02 and low estimates of -$0.02.
Analysts are recommending an EPS of between -$0.08 and -$0.09 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is -$0.02, with 1 analysts recommending between -$0.02 and -$0.02.
Revenue Estimates
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 $100.5M, resulting in an average revenue estimate of $101.61M. In the same quarter a year ago, actual revenue was $97.72M, up 4.00% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $114.66M in the next fiscal year. The high estimate is $115.93M and the low estimate is $113.4M. The average revenue growth estimate for next year is up 12.80% from the average revenue estimate for this year.
