Is Semileds Corp (NASDAQ: LEDS) Back In The Buying Zone?

Currently, there are 4.94M common shares owned by the public and among those 3.35M shares have been available to trade.

The company’s stock has a 5-day price change of 36.44% and 21.05% over the past three months. LEDS shares are trading 15.83% year to date (YTD), with the 12-month market performance up to 38.20% higher. It has a 12-month low price of $0.92 and touched a high of $2.29 over the same period. LEDS has an average intraday trading volume of 30.25K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 32.07%, 29.14%, and 16.36% respectively.

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Institutional ownership of Semileds Corp (NASDAQ: LEDS) shares accounts for 0.78% of the company’s 4.94M shares outstanding.

It has a market capitalization of $11.98M and a beta (3y monthly) value of 1.03. The earnings-per-share (ttm) stands at -$0.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.42% over the week and 7.47% over the month.

EPS should grow at an annualized rate of 50.00% over the next five years, compared to 8.08% over the past 5-year period.

Looking at the support for the LEDS, a number of firms have released research notes about the stock. Canaccord Genuity stated their Hold rating for the stock in a research note on July 08, 2011, with the firm’s price target at $11-$6. Canaccord Genuity coverage for the Semileds Corp (LEDS) stock in a research note released on April 13, 2011 offered a Hold rating with a price target of $11. Barclays Capital was of a view on April 06, 2011 that the stock is Equal Weight, while Canaccord Genuity gave the stock Buy rating on January 19, 2011, issuing a price target of $23. Barclays Capital on their part issued Equal Weight rating on January 18, 2011.

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