With over 0.49 million Axcelis Technologies Inc (ACLS) shares trading Friday and a closing price of $114.12 on the day, the dollar volume was approximately $55.48 million. The shares have shown a negative half year performance of -36.55% and its price on 01/12/24 lost nearly -0.61%. Currently, there are 32.77M common shares owned by the public and among those 32.18M 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: 7 analysts who have offered their price forecasts for ACLS have a consensus price objective of $174.80. The analysts have set the share’s price value over the next 12 months at a high of $215.00 and a low of $134.00. The average price target is 34.71% above its recent price level and an upside to the estimated low will see the stock gain 14.84% over that period. But an upside of 46.92% will see the stock hit the forecast high price target while median target price for the stock is $175.00.
Insiders at the company have transacted a total of 106 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 72,319 shares. Insider sales of the common stock occurred on 86 occasions, with total insider shares sold totaling 344,127 shares.
Shares of Axcelis Technologies Inc (NASDAQ: ACLS) opened at $114.85, up $0.03 from a prior closing price of $114.82. The company’s stock has a 5-day price change of -3.15% and -30.61% over the past three months. ACLS shares are trading -12.01% year to date (YTD), with the 12-month market performance up to 19.57% higher. It has a 12-month low price of $94.84 and touched a high of $201.00 over the same period. ACLS has an average intraday trading volume of 643.23K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.79%, -10.90%, and -24.34% respectively.
Institutional ownership of Axcelis Technologies Inc (NASDAQ: ACLS) shares accounts for 90.81% of the company’s 32.77M shares outstanding.
It has a market capitalization of $3.74B and a beta (3y monthly) value of 1.70. The stock’s trailing 12-month PE ratio is 16.33, while the earnings-per-share (ttm) stands at $6.99. The company has a PEG of 0.82 and a Quick Ratio of 2.69 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.87% over the week and 3.57% over the month.
Analysts forecast that Axcelis Technologies Inc (ACLS) will achieve an EPS of $2 for the current quarter, $1.87 for the next quarter and $8.02 for 2024. The lowest estimate earnings-per-share for the quarter is $1.93 while analysts give the company a high EPS estimate of $2.04. Comparatively, EPS for the current quarter was $1.71 a year ago. Earnings per share for the fiscal year are expected to increase by 33.15%, and 12.93% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to 7.53% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Axcelis Technologies Inc (ACLS) as a “Strong Buy” at a consensus score of 1.86. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 3 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
