Momentum Is Strong For Emcore Corp. (NASDAQ: EMKR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. The current market capitalization of Emcore Corp. is $11.50M. A total of 1.22 million shares were traded on the day, compared to an average of 747.71K shares.

In the most recent transaction, Archon Capital Management LLC sold 1,255,258 shares of EMKR for 1.12 per share on May 09 ’24. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Feb 15 ’24, Archon Capital Management LLC bought 2,453,898 shares at 0.39 per share. EMKR shares that 10% Owner owns now total 12,552,577.

Among the insiders who bought shares, Archon Capital Management LLC acquired of 2,397,670 shares on Feb 14 ’24 at a per-share price of $0.34. This resulted in the 10% Owner holding 10,098,679 shares of EMKR after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, EMKR has a high of $9.50 and a low of $0.78.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $8.21, while its Total Shareholder’s Equity was $137.47M.

Analysts Opinion

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. 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 3.00.

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