Market Watch: Emcore Corp. (EMKR)’s Noteworthy Drop, Closing at 1.34

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As of close of business last night, Emcore Corp.’s stock clocked out at $1.34, down -3.60% from its previous closing price of $1.39. In other words, the price has decreased by -$3.60 from its previous closing price. On the day, 1.21 million shares were traded. EMKR stock price reached its highest trading level at $1.46 during the session, while it also had its lowest trading level at $1.26.

Ratios:

To gain a deeper understanding of EMKR’s stock, we examine its different 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:

Investing in insider trades can also provide an investor with insight into how management views future 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 11491371 and an Enterprise Value of 30378006. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at 0.312 whereas that against EBITDA is -2.722.

Stock Price History:

The Beta on a monthly basis for EMKR is 1.53, which has changed by -0.85274726 over the last 52 weeks, in comparison to a change of 0.24704397 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 -1.60%, while the 200-Day Moving Average is calculated to be -63.28%.

Shares Statistics:

It appears that EMKR traded 766.46K shares on average per day over the past three months and 1027430 shares per day 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 0.30, compared to 1715731200 on 338438. Therefore, it implies a Short% of Shares Outstanding of 232230 and a Short% of Float of 2.8299998.

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