Are Analysts Expecting A Better 2020 For Emcore Corp. (EMKR)?

Emcore Corp. (EMKR) concluded trading on Thursday at a closing price of $0.34, with 0.45 million shares of worth about $0.15 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.22% during that period and on March 28, 2024 the price saw a loss of about -4.75%. Currently the company’s common shares owned by public are about 77.11M shares, out of which, 65.60M shares are available for trading.

However, the stock later moved at a day high price of 0.3700, or with a loss of -4.75%. Stock saw a price change of -10.41% in past 5 days and over the past one month there was a price change of -17.86%. Year-to-date (YTD), EMKR shares are showing a performance of -29.45% which decreased to -69.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.31 but also hit the highest price of $1.25 during that period. The average intraday trading volume for Emcore Corp. shares is 827.65K. The stock is currently trading -12.35% below its 20-day simple moving average (SMA20), while that difference is down -26.78% for SMA50 and it goes to -35.67% lower than SMA200.

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Emcore Corp. (NASDAQ: EMKR) currently have 77.11M outstanding shares and institutions hold larger chunk of about 50.54% of that.

The stock has a current market capitalization of $26.68M and its 3Y-monthly beta is at 1.53. It has posted earnings per share of -$1.29 in the same period. It has Quick Ratio of 1.95 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EMKR, volatility over the week remained 8.70% while standing at 7.73% over the month.

Analysts are in expectations that Emcore Corp. (EMKR) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is -$0.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.03 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 91.15% while it is estimated to increase by 76.47% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of -20.84% made by the stock over the past 5-years.

Coverage by Lake Street stated Emcore Corp. (EMKR) stock as a Hold in their note to investors on February 10, 2022, suggesting a price target of $4.50 for the stock. On May 26, 2021, Cowen Initiated their recommendations, while on March 04, 2021, Craig Hallum Initiated their ratings for the stock with a price target of $10.50. Stock get a Buy rating from B. Riley FBR on April 02, 2019.

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