In the last trading session, 2,807,183 shares of the eMagin Corporation(NYSE:EMAN) were traded, and its beta was 1.92. Most recently the company’s share price was $3.87, and it changed around -$0.43 or -0.1% from the last close, which brings the market valuation of the company to $261.22 Million. EMAN currently trades at a discount to its 52-week high of $5.24, offering almost -35.4% off that amount. The share price’s 52-week low was $0.14, which indicates that the current value has risen by an impressive 96.38% since then. We note from eMagin Corporation’s average daily trading volume that its 10-day average is 4.32 Million shares, with the 3-month average coming to 2.11 Million.
eMagin Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended EMAN as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. eMagin Corporation is expected to report earnings per share of $0 for the current quarter.
eMagin Corporation (NYSE:EMAN): Trading Information
Although EMAN has showed a red trend with a performance of -10% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $5.24- on Wednesday, Feb 17 increased the stock’s daily price by 26.15%. The company’s shares are currently up 1.35% year-to-date, but still up 0.0603 over the last five days. On the other hand, eMagin Corporation (NYSE:EMAN) is 0.37% up in the 30-day period. We can see from the shorts that 504.67 Million shares have been sold at a short interest cover period of 239.18 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bears needing to reduce their stock price by -48.32% from its current value. Analyst projections state that EMAN is forecast to be at a low of $2 and a high of $2. In order for the stock price to hit the forecast high, the stock would need to surge -48.32% from its current level, while the stock would need to crash -48.32% from its current level to reach the projected low.
eMagin Corporation (EMAN) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.2%. eMagin Corporation earnings are expected to increase by 58.4% in 2021, but the outlook is positive 20% per year for the next five years.
eMagin Corporation (NYSE:EMAN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 5.14% of eMagin Corporation shares, and 25.2% of them are in the hands of institutional investors. The stock currently has a share float of 26.57%. eMagin Corporation stock is held by 38 institutions, with AWM Investment Company, Inc. being the largest institutional investor. By Dec 30, 2020, it held 4.16% of the shares, which is about 2.81 Million shares worth $4.63 Million.
Vanguard Group, Inc. (The), with 4.07% or 2.75 Million shares worth $4.54 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 1506479 shares worth $1.91 Million, making up 2.23% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 420.4 Thousand shares worth around $533.91 Thousand, which represents about 0.62% of the total shares outstanding.