In yesterday’s Wall Street session, eMagin Corporation (AMEX:EMAN) shares traded at $2.01, unchanged from the previous session.
2 analysts cover eMagin Corporation (AMEX:EMAN), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.00, we find $2.00. Given the previous closing price of $2.01, this indicates a potential downside of -0.5 percent. EMAN stock price is now 5.41% away from the 50-day moving average and 78.81% away from the 200-day moving average. The market capitalization of the company currently stands at $167.73M.
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The stock has received a hold rating from 1 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.
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In other news, STILLWATER HOLDINGS LLC, 10% Owner sold 21,605 shares of the company’s stock on Jan 06. The stock was sold for $18,299 at an average price of $0.85. Upon completion of the transaction, the 10% Owner now directly owns 2,762,284 shares in the company, valued at $5.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 05, 10% Owner STILLWATER HOLDINGS LLC sold 3,500 shares of the business’s stock. A total of $2,866 was realized by selling the stock at an average price of $0.82. This leaves the insider owning 2,783,889 shares of the company worth $5.6 million. Insiders disposed of 342,448 shares of company stock worth roughly $0.69 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EMAN stock. A new stake in eMagin Corporation shares was purchased by CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. during the first quarter worth $66,000. TWO SIGMA SECURITIES, LLC invested $38,000 in shares of EMAN during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in eMagin Corporation valued at approximately $37,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in EMAN for approximately $20,000. UBS GROUP AG purchased a new stake in EMAN valued at around $14,000 in the second quarter. In total, there are 37 active investors with 13.30% ownership of the company’s stock.
On Wednesday morning eMagin Corporation (AMEX: EMAN) stock kicked off with the opening price of $2.0000. During the past 12 months, eMagin Corporation has had a low of $0.55 and a high of $2.49. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 3.80, and a quick ratio of 2.30. The fifty day moving average price for EMAN is $1.9236 and a two-hundred day moving average price translates $1.1304 for the stock.
The latest earnings results from eMagin Corporation (AMEX: EMAN) was released for Mar, 2023. According to the Electronic Components Company, earnings per share came in at -$0.03, missing analysts’ expectations of -$0.01 by -0.02. This compares to $0.00 EPS in the same period last year. The net profit margin was -12.00% and return on equity was -16.70% for EMAN. The company reported revenue of $6.59 million for the quarter, compared to $7.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.37 percent. For the current quarter, analysts expect EMAN to generate $6.96M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/26/2012. Investors who held shares on 12/20/2012 were paid a $0.10 dividend.
eMagin Corporation(EMAN) Company Profile
eMagin Corporation engages in the design, develop, manufacture, and market of organic light emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. The company offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS/XLE, SXGA OLED-XL, SXGA-120, VGA OLED-XL, and WUXGA OLED-XL products. It also provides 2K x 2K display, a 2K is intended for near-to-eye applications for high brightness, high resolution, high image quality, compact size, and low power, such as virtual reality and avionics systems; design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye fatigue; and driver boards. Its products are used in military aviation helmets, military weapons sights and targeting systems, night vision and thermal imaging devices, training and simulation, visualization for ocular surgery, mobile ultrasound, and augmented reality applications. The company was founded in 1996 and is headquartered in Hopewell Junction, New York.
