For Emcore Corp [EMKR], Analyst sees a rise to $3. What next?

Emcore Corp [NASDAQ: EMKR] surged by $0.01 during the normal trading session on while it closed the day at $2.98.

Emcore Corp stock has also gained 2.05% of its value over the past 7 days. However, EMKR stock has inclined by 178.50% in the 3 months of the year. Over the past six months meanwhile, it has gained 265.20% and lost -39.06% year-on date.

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The market cap for EMKR stock reached $27.04 million, with 7.71 million shares outstanding and 6.75 million shares in the current float. Compared to the average trading volume of 820.90K shares, EMKR reached a trading volume of 134043 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Emcore Corp [EMKR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EMKR shares is $3.10 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 3.00. 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.

Craig Hallum have made an estimate for Emcore Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 02, 2024. The new note on the price target was released on August 10, 2022, representing the official price target for Emcore Corp stock. Previously, the target price had yet another drop from $11 to $4.50, while Lake Street kept a Hold rating on EMKR stock.

The Average True Range (ATR) for Emcore Corp is set at 0.11, with the Price to Sales ratio for EMKR stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 0.52, with the Price to Cash per share for the same quarter was set at 0.99.

EMKR stock trade performance evaluation

Emcore Corp [EMKR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.05. With this latest performance, EMKR shares gained by 41.23% in over the last four-week period, additionally plugging by 265.20% over the last 6 months – not to mention a drop of -33.20% 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 70.11, with the RSI for the last a single of trading hit 69.91, and the three-weeks RSI is set at 69.47 for Emcore Corp [EMKR]. The present Moving Average for the last 50 days of trading for this stock 2.30, while it was recorded at 2.97 for the last single week of trading, and 2.09 for the last 200 days.

Emcore Corp [EMKR]: An insightful look at the core fundamentals

Emcore Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.64 and a Current Ratio set at 2.88.

Earnings per share (EPS) analysis for Emcore Corp [EMKR] stock

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 Corp go to 15.00%.