Axcelis Technologies Inc [ACLS] moved up 1.92: Why It’s Important

Axcelis Technologies Inc [NASDAQ: ACLS] gained 1.92% on the last trading session, reaching $72.10 price per share at the time.

If compared to the average trading volume of 640.60K shares, ACLS reached a trading volume of 295978 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Axcelis Technologies Inc [ACLS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACLS shares is $111.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACLS stock is a recommendation set at 1.89. 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.

The Benchmark Company have made an estimate for Axcelis Technologies Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 08, 2024. The new note on the price target was released on May 03, 2024, representing the official price target for Axcelis Technologies Inc stock.

The Average True Range (ATR) for Axcelis Technologies Inc is set at 3.07, with the Price to Sales ratio for ACLS stock in the period of the last 12 months amounting to 2.15. The Price to Book ratio for the last quarter was 2.37, with the Price to Cash per share for the same quarter was set at 17.82. Price to Free Cash Flow for ACLS in the course of the last twelve months was 13.12 with Quick ratio for the last quarter at 3.29.

Trading performance analysis for ACLS stock

Axcelis Technologies Inc [ACLS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.12. With this latest performance, ACLS shares dropped by -5.42% in over the last four-week period, additionally sinking by -48.98% over the last 6 months – not to mention a drop of -46.79% 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 ACLS stock in for the last two-week period is set at 36.99, with the RSI for the last a single of trading hit 42.76, and the three-weeks RSI is set at 39.23 for Axcelis Technologies Inc [ACLS]. The present Moving Average for the last 50 days of trading for this stock 80.53, while it was recorded at 70.49 for the last single week of trading, and 106.10 for the last 200 days.

Axcelis Technologies Inc [ACLS]: A deeper dive into fundamental analysis

Axcelis Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.29 and a Current Ratio set at 4.45.

Axcelis Technologies Inc [ACLS]: An earnings per share (EPS) analysis

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 ACLS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Axcelis Technologies Inc go to 7.75%.

An analysis of Institutional ownership at Axcelis Technologies Inc [ACLS]

There are presently around $96.39%, or 97.59%% of ACLS stock, in the hands of institutional investors. The top three institutional holders of ACLS stocks are: BLACKROCK INC. with ownership of 5.81 million shares, which is approximately 17.7916%. VANGUARD GROUP INC, holding 4.38 million shares of the stock with an approximate value of $$623.18 million in ACLS stocks shares; and VANGUARD GROUP INC, currently with $$172.79 million in ACLS stock with ownership which is approximately 3.7232%.