eMagin Corporation (AMEX: EMAN) is 138.79% higher on its value in year-to-date trading and has touched a low of $0.20 and a high of $5.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EMAN stock was last observed hovering at around $3.87 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $5.00 for the next 12 months. It is also 21.2% off the consensus price target high of $5.00 offered by 1 analysts, but current levels are 21.2% higher than the price target low of $5.00 for the same period.
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Currently trading at $3.94, the stock is 2.09% and 5.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 1.81% at the moment leaves the stock 104.48% off its SMA200. EMAN registered 1860.46% gain for a year compared to 6-month gain of 236.75%. The firm has a 50-day simple moving average (SMA 50) of $3.9968 and a 200-day simple moving average (SMA200) of $2.2845.
The stock witnessed a -2.96% loss in the last 1 month and extending the period to 3 months gives it a 125.14%, and is 5.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.23% over the week and 11.29% over the month.
eMagin Corporation (EMAN) has around 104 employees, a market worth around $263.98M and $29.40M in sales. Profit margin for the company is -38.90%. Distance from 52-week low is 1869.02% and -27.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.00%).
eMagin Corporation (EMAN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for eMagin Corporation (EMAN) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
eMagin Corporation is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $6.5M over the same period.The EPS is expected to shrink by -112.10% this year, but quarterly earnings will post 5.00% year-over-year. Quarterly sales are estimated to shrink -3.40% in year-over-year returns.
eMagin Corporation (EMAN) Top Institutional Holders
46 institutions hold shares in eMagin Corporation (EMAN), with 3.92M shares held by insiders accounting for 5.51% while institutional investors hold 23.62% of the company’s shares. The shares outstanding are 78.48M, and float is at 63.25M with Short Float at 3.69%. Institutions hold 22.32% of the Float.
The top institutional shareholder in the company is AWM Investment Company, Inc. with over 2.81 million shares valued at $4.63 million. The investor’s holdings represent 3.94% of the EMAN Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 2.75 million shares valued at $4.54 million to account for 3.87% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 0.35 million shares representing 0.50% and valued at over $0.58 million, while Gsa Capital Partners Llp holds 0.46% of the shares totaling 0.33 million with a market value of $0.54 million.
eMagin Corporation (EMAN) Insider Activity
A total of 52 insider transactions have happened at eMagin Corporation (EMAN) in the last six months, with sales accounting for 43 and purchases happening 9 times. The most recent transaction is an insider sale by STILLWATER HOLDINGS LLC ,the company’s10% Owner. SEC filings show that STILLWATER HOLDINGS LLC sold 50,000 shares of the company’s common stock on Mar 26 at a price of $3.41 per share for a total of $0.17 million. Following the sale, the insider now owns 22483.0 shares.
eMagin Corporation disclosed in a document filed with the SEC on Mar 25 that STILLWATER HOLDINGS LLC (10% Owner) sold a total of 85,505 shares of the company’s common stock. The trade occurred on Mar 25 and was made at $3.28 per share for $0.28 million. Following the transaction, the insider now directly holds 72483.0 shares of the EMAN stock.
Still, SEC filings show that on Mar 23, SALTARELLI JOSEPH (VP) disposed off 46,609 shares at an average price of $3.91 for $0.18 million. The insider now directly holds 12,311 shares of eMagin Corporation (EMAN).
eMagin Corporation (EMAN): Who are the competitors?
The company’s main competitors (and peers) include Super Micro Computer Inc. (SMCI) that is 95.17% higher over the past 12 months. Kopin Corporation (KOPN) is 2782.53% up on the 1-year trading charts. Short interest in the company’s stock has fallen -168.42% from the last report on Mar 14, 2021 to stand at a total of 2.33 million short shares sold with a short interest ratio of 0.82.