An analyst sees good growth prospects for Emcore Corp. (EMKR)

With 3.84 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $2.57 whereas the lowest price it dropped to was $2.11. The 52-week range on EMKR shows that it touched its highest point at $7.20 and its lowest point at $0.78 during that stretch. It currently has a 1-year price target of $1.00. EMKR paid its most recent dividend on 1470009600, while the ex-dividend date for that was 1468454400. Beta for the stock currently stands at 1.56.

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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 EMKR was up-trending over the past week, with a rise of 100.00%, but this was up by 133.33% over a month. Three-month performance surged to 114.91% while six-month performance fell -32.69%. The stock lost -48.48% in the past year, while it has lost -49.90% so far this year. A look at the trailing 12-month EPS for EMKR yields -10.84 with Next year EPS estimates of -0.38. For the next quarter, that number is -0.22. This implies an EPS growth rate of 82.08% for this year and 77.91% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -20.84%.

Float and Shares Shorts:

At present, 7.71 million EMKR shares are outstanding with a float of 7.50 million shares on hand for trading. On 2024-09-13, short shares totaled 43325.0, which was 47.999998000000005 higher than short shares on 1723680000. In addition to Mr. Thomas P. Minichiello as the firm’s CFO & Interim Principal Executive Officer, Mr. Matthew Vargas serves as its Interim CEO, VP of Sales & Director.

Institutional Ownership:

Through their ownership of 0.09656999 of EMKR’s outstanding shares, institutional investors have minority control over the company.

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 2024-06-30, EMKR reported revenue of $20435000.0 and operating income of -$3141000.0. The EBITDA in the recently reported quarter was -$1940000.0 and diluted EPS was -$1.54.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EMKR 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.