During the last session, Quicklogic Corp (NASDAQ:QUIK)’s traded shares were 0.58 million, with the beta value of the company hitting 1.32. At the end of the trading day, the stock’s price was $8.25, reflecting an intraday gain of 13.79% or $1.0. The 52-week high for the QUIK share is $20.75, that puts it down -151.52 from that peak though still a striking 18.18% gain since the share price plummeted to a 52-week low of $6.75. The company’s market capitalization is $125.20M, and the average intraday trading volume over the past 10 days was 0.19 million shares, and the average trade volume was 230.76K shares over the past three months.
Quicklogic Corp (QUIK) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.00. QUIK has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.03.
Quicklogic Corp (NASDAQ:QUIK) trade information
Quicklogic Corp (QUIK) registered a 13.79% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 13.79% in intraday trading to $8.25, hitting a weekly high. The stock’s 5-day price performance is 11.79%, and it has moved by -9.74% in 30 days. Based on these gigs, the overall price performance for the year is -32.43%. The short interest in Quicklogic Corp (NASDAQ:QUIK) is 1.81 million shares and it means that shorts have 6.81 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 36.54% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $13 respectively. As a result, QUIK is trading at a discount of -57.58% off the target high and -57.58% off the low.
Quicklogic Corp (QUIK) estimates and forecasts
In the rating firms’ projections, revenue will decrease -3.45% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.07M as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 6.15M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.48M and 6.01M respectively. In this case, analysts expect current quarter sales to shrink by -18.88% and then jump by 2.38% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 60.97%. While earnings are projected to return -84.31% in 2025, the next five years will return 5.57% per annum.
QUIK Dividends
Quicklogic Corp is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Quicklogic Corp (NASDAQ:QUIK)’s Major holders
Quicklogic Corp insiders own 9.48% of total outstanding shares while institutional holders control 30.68%, with the float percentage being 33.89%. BLACKROCK INC. is the largest shareholder of the company, while 102.0 institutions own stock in it. As of 2024-06-30, the company held over 0.82 million shares (or 5.7546% of all shares), a total value of $8.48 million in shares.
The next largest institutional holding, with 0.7 million shares, is of VANGUARD GROUP INC’s that is approximately 4.9652% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.31 million.
Also, the Mutual Funds coming in first place with the largest holdings of Quicklogic Corp (QUIK) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 408.79 shares. This amounts to just over 2.78 percent of the company’s overall shares, with a $3.37 million market value. The same data shows that the other fund manager holds slightly less at 387.02, or about 2.63% of the stock, which is worth about $3.19 million.
