In the latest trading session, 20.74 million Emcore Corp. (NASDAQ:EMKR) shares changed hands as the company’s beta touched 1.51. With the company’s most recent per share price at $2.02 changing hands around $0.81 or 66.94% at last look, the market valuation stands at $18.32M. EMKR’s current price is a discount, trading about -256.44% off its 52-week high of $7.20. The share price had its 52-week low at $0.78, which suggests the last value was 61.39% up since then. When we look at Emcore Corp.’s average trading volume, we note the 10-day average is 92710.0 shares, with the 3-month average coming to 321.38K.

Analysts gave the Emcore Corp. (EMKR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended EMKR as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Emcore Corp.’s EPS for the current quarter is expected to be -0.12.

Emcore Corp. (NASDAQ:EMKR) trade information

Instantly EMKR is in green as seen in intraday trades today. With action 68.33%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -58.69%, with the 5-day performance at 68.33% in the green. However, in the 30-day time frame, Emcore Corp. (NASDAQ:EMKR) is 88.79% up. Looking at the short shares, we see there were 43325.0 shares sold at short interest cover period of 0.4 days.

The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need a downside of -1.0% from its recent market value. According to analyst projections, EMKR’s forecast low is 2 with 2 as the target high. To hit the forecast high, the stock’s price needs a 0.99% surge from its current level, while the stock would need to tank 0.99% for it to hit the projected low.

Emcore Corp. (EMKR) estimates and forecasts

Data shows that the Emcore Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -42.12% over the past 6 months, a 93.64% in annual growth rate that is considerably higher than the industry average of 2.80%. Year-over-year growth is forecast to reach -13.90% down from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 20.52M. 2 analysts are of the opinion that Emcore Corp.’s revenue for the current quarter will be 21.34M. The company’s revenue for the corresponding quarters a year ago was 26.77M and 24.12M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -23.30%. The estimates for the next quarter sales put growth at -11.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -20.84%. The 2024 estimates are for Emcore Corp. earnings to increase by 82.08%, but the outlook for the next 5-year period is at 15.00% per year.

EMKR Dividends

Emcore Corp. is expected to release its next quarterly earnings report on 2024-Dec-10.

Emcore Corp. (NASDAQ:EMKR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.82% of Emcore Corp. shares while 9.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.47%.

BANK OF AMERICA CORP /DE/ holds the second largest percentage of outstanding shares.