Bridgeway Capital Management, Inc.. recently announced the acquisition of new stake in eMagin Corporation (AMEX:EMAN). This fresh investment now brings its stake to 0.45% valued currently at $0.3 million. In addition, Virtu Financial BD LLC raised its holdings by 29857.0 to 50376.0 shares. And William Blair Investment Manageme.. has lifted its position by 50.00% or 10000.0 shares – to 30000.0 shares.
With over 1.54 million eMagin Corporation (EMAN) shares trading Monday and a closing price of $1.33 on the day, the dollar volume was approximately $2.05 million. The shares have shown a positive weekly performance of 3.10% and its price on 08/31/20 lost nearly -2.92%. Currently, there are 67.38M common shares owned by the public and among those 58.33M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for EMAN have a consensus price objective of $2.00. The analysts have set the share’s price value over the next 12 months at a high of $2.00 and a low of $2.00 should the stock experience a downside. Incidentally, analysts’ outlook for the eMagin Corporation stock is 2.00 for the next 12 months. The average price target is 33.5% above its last price level and an upside to the estimated low will see the stock gain 33.5% over that period. But an upside of 33.5% will see the stock hit the forecast high price target while mean target price for the stock is $2.00.
Insiders at the company have transacted a total of 2 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 56,578 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in eMagin Corporation are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Bridgeway Ultra Small Company Mar. Vanguard Total Stock Market Index owns 1.08 million shares of the company’s stock, all valued at over $1.18 million. The company bought an additional 0.16 million shares recently to bring their total holdings to about 1.77% of the shares outstanding. Bridgeway Ultra Small Company Mar bought 0.23 million shares to bring its total holdings to over 0.23 million shares at a value of $0.26 million. Bridgeway Ultra Small Company Mar now owns shares totaling to 0.38% of the shares outstanding.
Shares of eMagin Corporation (AMEX: EMAN) opened at $1.37, unchanged from a prior closing price of $1.37. However, the script later closed the day at $1.33, down -2.92%. The company’s stock has a 5-day price change of 3.10% and 139.99% over the past three months. EMAN shares are trading 286.85% year to date (YTD), with the 12-month market performance up to 224.31% higher. It has a 12-month low price of $0.14 and touched a high of $1.90 over the same period. Currently, 1.54 million shares have been traded, compared to an average intraday trading volume of 6.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.16%, 21.16%, and 127.14% respectively.
Institutional ownership of eMagin Corporation (AMEX: EMAN) shares accounts for 22.90% of the company’s 67.38M shares outstanding. Mutual fund holders own 3.02%, while other institutional holders and individual stakeholders account for 5.35% and 25.12% respectively.
It has a market capitalization of $90.28M and a beta (3y monthly) value of 1.89. The earnings-per-share (ttm) stands at -$0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.02% over the week and 14.11% over the month.
Analysts forecast that eMagin Corporation (EMAN) will achieve an EPS of -$0.02 for the current quarter, -$0.03 for the next quarter and -$0.1 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 58.40%, and 23.10% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to 16.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate eMagin Corporation (EMAN) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the EMAN, a number of firms have released research notes about the stock. Rodman & Renshaw stated their Buy rating for the stock in a research note on June 23, 2017, with the firm’s price target at $4. H.C. Wainwright coverage for the eMagin Corporation (EMAN) stock in a research note released on December 16, 2014 offered a Buy rating with a price target of $3.