Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $4.22 in the prior trading day, Acacia Research Corp (NASDAQ: ACTG) closed at $3.61, down -14.45%. In other words, the price has decreased by -$14.45 from its previous closing price. On the day, 1.16 million shares were traded. ACTG stock price reached its highest trading level at $4.24 during the session, while it also had its lowest trading level at $3.56.
Ratios:
Our goal is to gain a better understanding of ACTG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 15.95 and its Current Ratio is at 16.39. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on May 22, 2020, initiated with a Buy rating and assigned the stock a target price of $4.
On July 29, 2016, Barclays reiterated its Underweight rating and also lowered its target price recommendation from $4 to $6.
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 Nov 25 ’24 when Kohlberg Isaac T. sold 15,000 shares for $4.57 per share. The transaction valued at 68,572 led to the insider holds 69,274 shares of the business.
Kohlberg Isaac T. bought 15,000 shares of ACTG for $68,571 on Nov 25 ’24. On May 17 ’24, another insider, Soncini Jason W., who serves as the General Counsel of the company, bought 5,000 shares for $5.36 each. As a result, the insider paid 26,800 and bolstered with 226,661 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, ACTG now has a Market Capitalization of 351499200 and an Enterprise Value of 110747656. As of this moment, Acacia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 0.668 whereas that against EBITDA is 1.656.
Stock Price History:
The Beta on a monthly basis for ACTG is 0.49, which has changed by -0.22365594 over the last 52 weeks, in comparison to a change of 0.07903516 over the same period for the S&P500. Over the past 52 weeks, ACTG has reached a high of $5.74, while it has fallen to a 52-week low of $3.88. The 50-Day Moving Average of the stock is -15.32%, while the 200-Day Moving Average is calculated to be -22.89%.
Shares Statistics:
The stock has traded on average 173.50K shares per day over the past 3-months and 342070 shares per day over the last 10 days, according to various share statistics. A total of 97.37M shares are outstanding, with a floating share count of 95.79M. Insiders hold about 1.62% of the company’s shares, while institutions hold 86.57% stake in the company. Shares short for ACTG as of 1740700800 were 1295568 with a Short Ratio of 7.47, compared to 1738281600 on 1252590. Therefore, it implies a Short% of Shares Outstanding of 1295568 and a Short% of Float of 3.73.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
At present, 1.0 analysts are actively evaluating the performance of Acacia Research Corp (ACTG) in the stock market.The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.04 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.18 and -$0.18 for the fiscal current year, implying an average EPS of -$0.18.
Revenue Estimates
1 analysts predict $55M in revenue for the current quarter. It ranges from a high estimate of $55M to a low estimate of $55M. As of the current estimate, Acacia Research Corp’s year-ago sales were $24.32MFor the next quarter, 1 analysts are estimating revenue of $57M. There is a high estimate of $57M for the next quarter, whereas the lowest estimate is $57M.
A total of 1 analysts have provided revenue estimates for ACTG’s current fiscal year. The highest revenue estimate was $224M, while the lowest revenue estimate was $224M, resulting in an average revenue estimate of $224M. In the same quarter a year ago, actual revenue was $122.31M
