Emcore Corp. (NASDAQ: EMKR) is -29.45% lower on its value in year-to-date trading and has touched a low of $0.31 and a high of $1.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EMKR stock was last observed hovering at around $0.36 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.34, the stock is -12.35% and -26.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.45 million and changing -4.75% at the moment leaves the stock -35.67% off its SMA200. EMKR registered -69.74% loss for a year compared to 6-month loss of -30.22%. The firm has a 50-day simple moving average (SMA 50) of $0.37 and a 200-day simple moving average (SMA200) of -$1.94.
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The stock witnessed a -17.86% gain in the last 1 month and extending the period to 3 months gives it a -17.95%, and is -10.41% down 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 8.70% over the week and 7.73% over the month.
Emcore Corp. (EMKR) has around 371 employees, a market worth around $26.68M and $104.41M in sales. Profit margin for the company is -77.67%. Distance from 52-week low is 12.12% and -72.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-78.50%).
Emcore Corp. quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $23.86M over the same period.The EPS is expected to grow by 91.15% this year, but quarterly earnings will post 4.00% year-over-year.
79 institutions hold shares in Emcore Corp. (EMKR), with institutional investors hold 60.40% of the company’s shares. The shares outstanding are 77.11M, and float is at 65.60M with Short Float at 0.46%. Institutions hold 51.26% of the Float.
The top institutional shareholder in the company is AWM Investment Company, Inc. with over 5.26 million shares valued at $3.96 million. The investor’s holdings represent 9.72% of the EMKR Shares outstanding. As of Jun 29, 2023, the second largest holder is Neuberger Berman Group, LLC with 2.48 million shares valued at $1.87 million to account for 4.58% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.97 million shares representing 3.63% and valued at over $1.48 million, while Palogic Value Management, LP holds 2.77% of the shares totaling 1.5 million with a market value of $1.13 million.
Emcore Corp. (EMKR) Insider Activity
The most recent transaction is an insider purchase by Archon Capital Management LLC, the company’s 10% Owner. SEC filings show that Archon Capital Management LLC bought 2,453,898 shares of the company’s common stock on Feb 15 ’24 at a price of $0.39 per share for a total of $0.94 million. Following the purchase, the insider now owns 12.55 million shares.
Emcore Corp. disclosed in a document filed with the SEC on Feb 14 ’24 that Archon Capital Management LLC (10% Owner) bought a total of 2,397,670 shares of the company’s common stock. The trade occurred on Feb 14 ’24 and was made at $0.34 per share for $0.8 million. Following the transaction, the insider now directly holds 10.1 million shares of the EMKR stock.
Still, SEC filings show that on Jun 20 ’23, AWM Investment Company, Inc. (10% Owner) disposed off 133,667 shares at an average price of $0.70 for $93353.0. The insider now directly holds 5,262,296 shares of Emcore Corp. (EMKR).
