There’s No Need To Panic Or Freeze When It Comes To Emcore Corp. (NASDAQ: EMKR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that EMCORE Corporation to Host Fiscal 2024 First Quarter Conference Call on February 8, 2024.

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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $0.65 and fluctuated between $0.6900 as its day high and $0.6500 as its day low. The current market capitalization of Emcore Corp. is $50.31M. A total of 1.17 million shares were traded on the day, compared to an average of 509.70K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, EMKR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 19 SELLs from insiders. Insiders purchased 928,600 shares during that period but sold 1,328,309.

In the most recent transaction, AWM Investment Company, Inc. sold 133,667 shares of EMKR for 0.70 per share on Jun 20. After the transaction, the 10% Owner now owns 5,262,296 company shares. In a previous transaction on Jun 16, AWM Investment Company, Inc. sold 235,000 shares at 0.69 per share. EMKR shares that 10% Owner owns now total 5,395,963.

Among the insiders who sold shares, AWM Investment Company, Inc. disposed of 300,000 shares on Jun 15 at a per-share price of $0.67. This resulted in the 10% Owner holding 5,630,963 shares of EMKR after the transaction. In another insider transaction, AWM Investment Company, Inc. sold 41,438 shares at $0.71 per share on Jun 14. Company shares held by the 10% Owner now total 5,930,963.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for EMKR in the last 3 months, the mean price target is $1.42 with high estimates of $1.50 and low estimates of $1.25. In terms of 52-week highs and lows, EMKR has a high of $1.49 and a low of $0.36.

As of this writing, EMKR has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.02.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EMKR’s latest balance sheet shows that the firm has $71.62M in Cash & Short Term Investments as of fiscal 2021. There were $13.88M in debt and $27.82M in liabilities at the time. Its Book Value Per Share was $1.04, while its Total Shareholder’s Equity was $137.47M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EMKR is Buy with a score of 5.00.

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