SemiLEDs Corporation (NASDAQ: LEDS) stock jumped 44.33% on Thursday to $2.93 against a previous-day closing price of $2.03. With 8.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.15 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $3.4664 whereas the lowest price it dropped to was $2.0300. The 52-week range on LEDS shows that it touched its highest point at $4.28 and its lowest point at $1.49 during that stretch. Beta for the stock currently stands at 1.10.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LEDS was up-trending over the past week, with a rise of 36.28%, but this was up by 62.78% over a month. Three-month performance surged to 30.80% while six-month performance rose 15.13%. The stock gained 28.51% in the past year, while it has gained 83.13% so far this year. EPS is expected to grow by 50.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.10%.
Float and Shares Shorts:
At present, 4.87 million LEDS shares are outstanding with a float of 3.15 million shares on hand for trading. On May 14, 2023, short shares totaled 21640.0, which was 0.44% higher than short shares on Apr 13, 2023. In addition to Mr. Trung Tri Doan as the firm’s Founder, Chairman, CEO & Pres, Mr. Hsin-Liang Lee serves as its CFO & Corp. Sec.
Through their ownership of 1.66% of LEDS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 60.36% of LEDS, in contrast to 1.66% held by mutual funds. Shares owned by individuals account for 0.09%. As the largest shareholder in LEDS with 0.82% of the stake, Millennium Management LLC holds 40,095 shares worth 40,095. A second-largest stockholder of LEDS, Schonfeld Strategic Advisors LLC, holds 19,100 shares, controlling over 0.39% of the firm’s shares. Citadel Securities LLC is the third largest shareholder in LEDS, holding 13,074 shares or 0.27% stake. With a 0.09% stake in LEDS, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 4,500 shares are owned by the mutual fund manager.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Feb 27, 2023, LEDS reported revenue of $1.78M and operating income of -$831.00k. The EBITDA in the recently reported quarter was -$370.00k and diluted EPS was -$0.20.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LEDS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LEDS analysts setting a high price target of $30.00 and a low target of $30.00, the average target price over the next 12 months is $30.00. Based on these targets, LEDS could surge 923.89% to reach the target high and rise by 923.89% to reach the target low. Reaching the average price target will result in a growth of 923.89% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded LEDS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 15,000 while 0 shares were sold.