Quicklogic Corp (NASDAQ:QUIK) has a beta value of 1.63 and has seen 1.11 million shares traded in the last trading session. The company, currently valued at $266.24M, closed the last trade at $19.14 per share which meant it gained $1.53 on the day or 8.69% during that session. The QUIK stock price is 2.82% off its 52-week high price of $18.60 and 73.67% above the 52-week low of $5.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.39 million shares traded. The 3-month trading volume is 203.36K shares.
Quicklogic Corp (NASDAQ:QUIK) trade information
Sporting 8.69% in the green in last session, the stock has traded in the green over the last five days, when the QUIK stock price touched $19.14 or saw a rise of 7.76%. Year-to-date, Quicklogic Corp shares have moved 38.10%, while the 5-day performance has seen it change 13.79%. Over the past 30 days, the shares of Quicklogic Corp (NASDAQ:QUIK) have changed 47.57%. Short interest in the company has seen 0.67 million shares shorted with days to cover at 3.41.
Quicklogic Corp (QUIK) estimates and forecasts
Figures show that Quicklogic Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 124.91% over the past 6 months, with this year growth rate of 111.76%, compared to 1.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 250.00% and 150.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 30.20%.
2 analysts offering their estimates for the company have set an average revenue estimate of $6.2 million for the current quarter. 2 have an estimated revenue figure of $6.4 million for the next quarter concluding in Jun 2024. Year-ago sales stood $4.13 million and $5 million respectively for this quarter and the next, and analysts expect sales will grow by 50.00% for the current quarter and 28.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 60.97% over the past 5 years. Earnings growth for 2024 is a modest 95.56% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
QUIK Dividends
Quicklogic Corp is expected to release its next earnings report between May 14 and May 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Quicklogic Corp (NASDAQ:QUIK)’s Major holders
Insiders own 8.61% of the company shares, while shares held by institutions stand at 26.51% with a share float percentage of 29.01%. Investors are also buoyed by the number of investors in a company, with Quicklogic Corp having a total of 68 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 0.72 million shares worth more than $6.59 million. As of Jun 29, 2023, Vanguard Group Inc held 5.17% of shares outstanding.
The other major institutional holder is Taylor Frigon Capital Management LLC, with the holding of over 0.65 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $6.0 million and represent 4.71% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and PFS Funds-Taylor Frigon Core Growth Fund. As of Jun 29, 2023, the former fund manager holds about 3.82% shares in the company for having 0.53 million shares of worth $4.86 million while later fund manager owns 0.16 million shares of worth $1.37 million as of Aug 30, 2023, which makes it owner of about 1.18% of company’s outstanding stock.
