Emcore Corp. (NASDAQ: EMKR) closed the day trading at $0.35 down -7.75% from the previous closing price of $0.38. In other words, the price has decreased by -$0.0292 from its previous closing price. On the day, 1740549 shares were traded.
Ratios:
For a better understanding of EMKR, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 27.06M and an Enterprise Value of 38.20M. 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 0.37 whereas that against EBITDA is -1.96.
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 0.4756, while the 200-Day Moving Average is calculated to be 0.5383.
Shares Statistics:
Over the past 3-months, EMKR traded about 796.80K shares per day on average, while over the past 10 days, EMKR traded about 499.33k shares per day. A total of 77.11M shares are outstanding, with a floating share count of 65.60M. Insiders hold about 15.16% of the company’s shares, while institutions hold 50.54% stake in the company. Shares short for EMKR as of Feb 29, 2024 were 304.17k with a Short Ratio of 0.38, compared to 533.73k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.39% and a Short% of Float of 0.40%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. 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.
