Financial Metrics Unveiled: Emcore Corp. (EMKR)’s Key Ratios in the Spotlight

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The price of Emcore Corp. (NASDAQ: EMKR) closed at $1.15 in the last session, up 23.35% from day before closing price of $0.93. In other words, the price has increased by $23.35 from its previous closing price. On the day, 2.7 million shares were traded. EMKR stock price reached its highest trading level at $1.19 during the session, while it also had its lowest trading level at $0.945.

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 1.85 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:

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 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 9507245 and an Enterprise Value of 28807244. 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 0.296 whereas that against EBITDA is -2.581.

Stock Price History:

The Beta on a monthly basis for EMKR is 1.48, which has changed by -0.8380282 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 -34.60%, while the 200-Day Moving Average is calculated to be -70.67%.

Shares Statistics:

According to the various share statistics, EMKR traded on average about 532.03K shares per day over the past 3-months and 1804450 shares per day over the past 10 days. A total of 7.71M shares are outstanding, with a floating share count of 7.04M. Insiders hold about 14.90% of the company’s shares, while institutions hold 49.68% stake in the company. Shares short for EMKR as of 1715731200 were 338438 with a Short Ratio of 0.27, compared to 1713139200 on 52905. Therefore, it implies a Short% of Shares Outstanding of 338438 and a Short% of Float of 4.1300002000000005.

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