In Friday’s Wall Street session, Emcore Corp (NASDAQ:EMKR) shares traded at $3.08, down -0.32% from the previous session.
EMKR stock price is now 2.12% away from the 50-day moving average and 58.90% away from the 200-day moving average. The market capitalization of the company currently stands at $27.97M.
With the price target maintained at $3, Craig Hallum recently Upgraded its rating from Hold to Buy for Emcore Corp (NASDAQ: EMKR)., while ‘Lake Street’ rates the stock as ‘Hold’
In other news, Archon Capital Management LLC, 10% Owner sold 1,255,258 shares of the company’s stock on May 09 ’24. The stock was sold for $1,409,153 at an average price of $1.12. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. A total of 20.95% of the company’s stock is owned by insiders.
During the past 12 months, Emcore Corp has had a low of $0.78 and a high of $4.86. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.83, and a quick ratio of 1.46. The fifty day moving average price for EMKR is $3.0162 and a two-hundred day moving average price translates $1.93855 for the stock.
The latest earnings results from Emcore Corp (NASDAQ: EMKR) was released for 2024-12-31. The net profit margin was -38.32% and return on equity was -46.35% for EMKR. The company reported revenue of $21.7 million for the quarter, compared to $26.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.92 percent.
