Monday, March 1, 2021

why EMCORE Corporation [EMKR] is a Good Choice for Investors After New Price Target of $6.20

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EMCORE Corporation [NASDAQ: EMKR] price surged by 15.68 percent to reach at $0.85. The company report on February 4, 2021 that EMCORE Corp. to Host Earnings Call.

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EMCORE Corp. (NASDAQ:EMKR) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on February 4, 2021 at 8:00 AM Eastern Time.


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To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/73009.

A sum of 1468853 shares traded at recent session while its average daily volume was at 277.69K shares. EMCORE Corporation shares reached a high of $6.28 and dropped to a low of $5.25 until finishing in the latest session at $6.27.

The one-year EMKR stock forecast points to a potential downside of -1.13. The average equity rating for EMKR stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on EMCORE Corporation [EMKR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EMKR shares is $6.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EMKR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley FBR have made an estimate for EMCORE Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 02, 2019. While these analysts kept the previous recommendation, B. Riley FBR dropped their target price from $6 to $5.75. The new note on the price target was released on November 09, 2018, representing the official price target for EMCORE Corporation stock. On February 07, 2018, analysts decreased their price target for EMKR shares from 10 to 7.

The Average True Range (ATR) for EMCORE Corporation is set at 0.40, with the Price to Sales ratio for EMKR stock in the period of the last 12 months amounting to 1.70. The Price to Book ratio for the last quarter was 2.49, with the Price to Cash per share for the same quarter was set at 1.02.

EMKR Stock Performance Analysis:

EMCORE Corporation [EMKR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.90. With this latest performance, EMKR shares gained by 21.51% in over the last four-week period, additionally plugging by 69.00% over the last 6 months – not to mention a rise of 98.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EMKR stock in for the last two-week period is set at 70.28, with the RSI for the last a single of trading hit 76.46, and the three-weeks RSI is set at 67.25 for EMCORE Corporation [EMKR]. The present Moving Average for the last 50 days of trading for this stock 4.91, while it was recorded at 5.48 for the last single week of trading, and 3.66 for the last 200 days.

Insight into EMCORE Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and EMCORE Corporation [EMKR] shares currently have an operating margin of -8.10 and a Gross Margin at +32.31. EMCORE Corporation’s Net Margin is presently recorded at -6.36.

Return on Total Capital for EMKR is now -10.04, given the latest momentum, and Return on Invested Capital for the company is -8.18. Return on Equity for this stock declined to -9.28, with Return on Assets sitting at -5.94. When it comes to the capital structure of this company, EMCORE Corporation [EMKR] has a Total Debt to Total Equity ratio set at 28.61. Additionally, EMKR Total Debt to Total Capital is recorded at 22.25, with Total Debt to Total Assets ending up at 16.81. Long-Term Debt to Equity for the company is recorded at 27.27, with the Long-Term Debt to Total Capital now at 21.21.

Reflecting on the efficiency of the workforce at the company, EMCORE Corporation [EMKR] managed to generate an average of -$18,088 per employee. Receivables Turnover for the company is 4.74 with a Total Asset Turnover recorded at a value of 0.93.EMCORE Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 3.10.

EMKR Stock EPS

With the latest financial reports released by the company, EMCORE Corporation posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -30.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EMKR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for EMCORE Corporation go to 15.00%.

EMCORE Corporation [EMKR] Insider Position Details

There are presently around $102 million, or 58.60% of EMKR stock, in the hands of institutional investors. The top three institutional holders of EMKR stocks are: CANNELL CAPITAL LLC with ownership of 2,784,540, which is approximately 6.332% of the company’s market cap and around 1.30% of the total institutional ownership; SOLAS CAPITAL MANAGEMENT, LLC, holding 2,171,927 shares of the stock with an approximate value of $13.62 million in EMKR stocks shares; and VIEX CAPITAL ADVISORS, LLC, currently with $10.33 million in EMKR stock with ownership of nearly -18.972% of the company’s market capitalization.

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Positions in EMCORE Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 15 institutional holders increased their position in EMCORE Corporation [NASDAQ:EMKR] by around 987,329 shares. Additionally, 26 investors decreased positions by around 995,072 shares, while 22 investors held positions by with 14,328,257 shares. The mentioned changes placed institutional holdings at 16,310,658 shares, according to the latest SEC report filing. EMKR stock had 6 new institutional investments in for a total of 308,789 shares, while 8 institutional investors sold positions of 157,045 shares during the same period.

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