Axcelis Technologies Inc (NASDAQ: ACLS) is -45.25% lower on its value in year-to-date trading and has touched a low of $69.85 and a high of $158.61 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 ACLS stock was last observed hovering at around $70.25 in the last trading session, with the day’s gains setting it 0.75%.
Currently trading at $71.00, the stock is -14.85% and -23.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 1.07% at the moment leaves the stock -35.96% off its SMA200. ACLS registered -46.08% loss for a year compared to 6-month loss of -37.49%. The firm has a 50-day simple moving average (SMA 50) of $93.0828 and a 200-day simple moving average (SMA200) of $110.8599.
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The stock witnessed a -21.46% gain in the last 1 month and extending the period to 3 months gives it a -35.36%, and is -10.94% 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 3.49% over the week and 3.86% over the month.
Axcelis Technologies Inc (ACLS) has around 1620 employees, a market worth around $2.31B and $1.08B in sales. Current P/E ratio is 10.51 and Fwd P/E is 14.41. Profit margin for the company is 20.65%. Distance from 52-week low is 1.65% and -55.24% from its 52-week high. The company has generated returns on investments over the last 12 months (21.28%).
The EPS is expected to shrink by -21.18% this year
514.0 institutions hold shares in Axcelis Technologies Inc (ACLS), with institutional investors hold 97.51% of the company’s shares. The shares outstanding are 32.69M, and float is at 31.97M with Short Float at 13.47%. Institutions hold 96.34% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.81 million shares valued at $825.67 million. The investor’s holdings represent 17.7916 of the ACLS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.38 million shares valued at $623.18 million to account for 13.4283 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.22 million shares representing 3.7232 and valued at over $172.79 million, while PRIMECAP MANAGEMENT CO/CA/ holds 3.0326 of the shares totaling 0.99 million with a market value of $140.74 million.
Axcelis Technologies Inc (ACLS) Insider Activity
Axcelis Technologies Inc disclosed in a document filed with the SEC on Aug 06 ’24 that Titinger Jorge (Director) sold a total of 6,086 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $109.98 per share for $0.67 million. Following the transaction, the insider now directly holds 5891.0 shares of the ACLS stock.
Still, SEC filings show that on Aug 06 ’24, JORGE TITINGER (Director) Proposed Sale 6,086 shares at an average price of $109.98 for $0.67 million. The insider now directly holds shares of Axcelis Technologies Inc (ACLS).
