NASDAQ:EMKR

EMCORE (EMKR) Stock Price, News & Analysis

$1.11
-1.79 (-61.72%)
(As of 03:39 PM ET)
Today's Range
$1.05
$1.44
50-Day Range
$2.57
$44.00
52-Week Range
$1.05
$10.30
Volume
5.40 million shs
Average Volume
172,593 shs
Market Capitalization
$8.58 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.00

EMCORE MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
1,263.6% Upside
$15.00 Price Target
Short Interest
Healthy
0.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.06mentions of EMCORE in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.66 out of 5 stars

EMKR stock logo

About EMCORE Stock (NASDAQ:EMKR)

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems. The company sells its products through direct sales force, application engineers, third-party sales representatives, and distributors. EMCORE Corporation was founded in 1984 and is headquartered in Alhambra, California.

EMKR Stock Price History

EMKR Stock News Headlines

Why Is Emcore (EMKR) Stock Down 41% Today?
1970’s computer coder Issues Shocking AI Warning
Louis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.
Emcore: Fiscal Q2 Earnings Snapshot
EMCORE Reports Fiscal 2024 Second Quarter Results
1970’s computer coder Issues Shocking AI Warning
Louis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.
7 Popular Penny Stocks With Breakout Potential
3 Tech Penny Stocks That Could Become Tomorrow's Giants
EMKR Mar 2024 5.000 call
Northland Securities Reaffirms Their Buy Rating on Emcore (EMKR)
EMCORE Reports Fiscal 2024 First Quarter Results
Craig-Hallum Keeps Their Buy Rating on Emcore (EMKR)
5 Solid Stocks to Buy on a Solid Jump in Factory Orders
See More Headlines
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Company Calendar

Last Earnings
11/30/2021
Today
5/09/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:EMKR
Employees
350
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$15.00
High Stock Price Target
$15.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+1,239.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-75,360,000.00
Pretax Margin
-43.70%

Debt

Sales & Book Value

Annual Sales
$101.86 million
Book Value
$10.41 per share

Miscellaneous

Free Float
7,659,000
Market Cap
$8.66 million
Optionable
Optionable
Beta
1.54

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EMKR Stock Analysis - Frequently Asked Questions

Should I buy or sell EMCORE stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EMKR shares.
View EMKR analyst ratings
or view top-rated stocks.

What is EMCORE's stock price target for 2024?

2 brokers have issued 1 year price targets for EMCORE's shares. Their EMKR share price targets range from $15.00 to $15.00. On average, they expect the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 1,263.6% from the stock's current price.
View analysts price targets for EMKR
or view top-rated stocks among Wall Street analysts.

How have EMKR shares performed in 2024?

EMCORE's stock was trading at $48.90 at the beginning of 2024. Since then, EMKR shares have decreased by 97.8% and is now trading at $1.10.
View the best growth stocks for 2024 here
.

Are investors shorting EMCORE?

EMCORE saw a increase in short interest in April. As of April 15th, there was short interest totaling 52,900 shares, an increase of 55.1% from the March 31st total of 34,100 shares. Based on an average daily trading volume, of 121,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the company's shares are sold short.
View EMCORE's Short Interest
.

When is EMCORE's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our EMKR earnings forecast
.

How were EMCORE's earnings last quarter?

EMCORE Co. (NASDAQ:EMKR) issued its earnings results on Tuesday, November, 30th. The semiconductor company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.10. The semiconductor company earned $43.95 million during the quarter, compared to analysts' expectations of $43 million. EMCORE had a negative net margin of 67.43% and a negative trailing twelve-month return on equity of 26.76%. During the same quarter in the previous year, the company posted $0.70 EPS.

When did EMCORE's stock split?

EMCORE shares reverse split on the morning of Tuesday, April 2nd 2024. The 1-10 reverse split was announced on Tuesday, April 2nd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, April 2nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

What guidance has EMCORE issued on next quarter's earnings?

EMCORE issued an update on its third quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $19.0 million-$21.0 million, compared to the consensus revenue estimate of $26.2 million.

What is Hong Q. Hou's approval rating as EMCORE's CEO?

26 employees have rated EMCORE Chief Executive Officer Hong Q. Hou on Glassdoor.com. Hong Q. Hou has an approval rating of 43% among the company's employees. This puts Hong Q. Hou in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of EMCORE own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EMCORE investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Pure Storage (PSTG), Riot Platforms (RIOT), Enphase Energy (ENPH), Boeing (BA), Mastercard (MA), AT&T (T), Advanced Micro Devices (AMD) and Nokia Oyj (NOK).

Who are EMCORE's major shareholders?

EMCORE's stock is owned by a number of retail and institutional investors. Top institutional investors include Kovack Advisors Inc. (11.48%). Insiders that own company stock include Awm Investment Company, Inc, Jeffrey Rittichier and Rex S Jackson.
View institutional ownership trends
.

How do I buy shares of EMCORE?

Shares of EMKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does EMCORE have any subsidiaries?
The following companies are subsidiares of EMCORE: Alvesta, Corona Optical Systems Inc., EMCORE Chicago Inertial Corporation, EMCORE Hong Kong Limited, EMCORE Optoelectronics (Beijing) Co. LTD, EMCORE Space & Navigation Corporation, K2 Optronics Inc., KVH Industries, Langfang EMCORE Optoelectronics Company Limited, Opticomm Corporation, Phasebridge Inc., Soliant Energy Inc., and Systron Donner.
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This page (NASDAQ:EMKR) was last updated on 5/9/2024 by MarketBeat.com Staff

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