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Amtech Systems Inc. (NASDAQ:ASYS) At $3.44: What To Do?

In last trading session, Amtech Systems Inc. (NASDAQ:ASYS) saw 0.63 million shares changing hands with its beta currently measuring 1.42. Company’s recent per share price level of $3.44 trading at -$0.62 or -15.27% at ring of the bell on the day assigns it a market valuation of $48.81M. That closing price of ASYS’s stock is at a discount of -248.26% from its 52-week high price of $11.98 and is indicating a discount of -4.36% from its 52-week low price of $3.59. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 98700.0 shares which gives us an average trading volume of 132.87K if we extend that period to 3-months.

Amtech Systems Inc. (NASDAQ:ASYS) trade information

Upright in the red during last session for losing -15.27%, in the last five days ASYS remained trading in the red while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $3.44 price level, adding 15.89% to its value on the day. Amtech Systems Inc.’s shares saw a change of -18.10% in year-to-date performance and have moved -14.85% in past 5-day. Amtech Systems Inc. (NASDAQ:ASYS) showed a performance of -13.13% in past 30-days. Number of shares sold short was 79140.0 shares which calculate 0.27 days to cover the short interests.

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Amtech Systems Inc. (ASYS) estimates and forecasts

Statistics highlight that Amtech Systems Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -60.46% of value to its shares in past 6 months, showing an annual growth rate of 1,100.00% while that of industry is -16.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -30.00% in the current quarter and calculating -117.40% decrease in the next quarter. This year revenue growth is estimated to rise 3.00% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $22.25 million for the same. And 2 analysts are in estimates of company making revenue of $28.5 million in the next quarter that will end on Mar 2024.

In 2024, company’s earnings growth rate is likely to be around 79.78% while estimates for its earnings growth in next 5 years are of 20.00%.

ASYS Dividends

Amtech Systems Inc. is more likely to be releasing its next quarterly report in March and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Amtech Systems Inc. (NASDAQ:ASYS)’s Major holders

Insiders are in possession of 4.28% of company’s total shares while institution are holding 65.66 percent of that, with stock having share float percentage of 68.60%. Investors also watch the number of corporate investors in a company very closely, which is 65.66% institutions for Amtech Systems Inc. that are currently holding shares of the company. Royce & Associates LP is the top institutional holder at ASYS for having 1.4 million shares of worth $13.42 million. And as of Jun 29, 2023, it was holding 9.91% of the company’s outstanding shares.

The second largest institutional holder is Dimensional Fund Advisors LP, which was holding about 1.14 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.05% of outstanding shares, having a total worth of $10.9 million.

On the other hand, Royce Opportunity Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.67 million shares of worth $6.4 million or 4.72% of the total outstanding shares. The later fund manager was in possession of 0.43 million shares on Jun 29, 2023, making its stake of worth around $4.14 million in the company or a holder of 3.06% of company’s stock.

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