EMCORE (EMKR) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $2.97 to $3.03
• 50-Day Range: $0.95 to $3.05
• 52-Week Range: $0.78 to $7.20
• Volume: 248,616 shs
• Average Volume: 533,461 shs
• Market Capitalization: $27.29 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.00
• Consensus Rating: Hold

EMCORE Stock Analysis - MarketRank™

EMCORE scored higher than 26% of companies evaluated by MarketBeat, and ranked 573rd out of 663 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

EMCORE has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

EMCORE has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of EMCORE is -0.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of EMCORE is -0.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

EMCORE has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.90% of the float of EMCORE has been sold short.

Short Interest Ratio / Days to Cover

EMCORE has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EMCORE has recently decreased by 59.03%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

EMCORE does not currently pay a dividend.

Dividend Growth

EMCORE does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.90% of the float of EMCORE has been sold short.

Short Interest Ratio / Days to Cover

EMCORE has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EMCORE has recently decreased by 59.03%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.56

News Sentiment

EMCORE has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for EMCORE this week, compared to 1 article on an average week.

Search Interest

Only 5 people have searched for EMKR on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, EMCORE insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.94% of the stock of EMCORE is held by insiders.

Percentage Held by Institutions

65.66% of the stock of EMCORE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EMKR Stock Analysis - Frequently Asked Questions

How have EMKR shares performed this year?

EMCORE's stock was trading at $48.90 on January 1st, 2024. Since then, EMKR shares have decreased by 93.8% and is now trading at $3.01.
View the best growth stocks for 2024 here.

How were EMCORE's earnings last quarter?

EMCORE Co. (NASDAQ:EMKR) released its quarterly earnings data on Tuesday, November, 30th. The semiconductor company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.60 by $0.10. The semiconductor company earned $43.95 million during the quarter, compared to the consensus estimate of $43 million. EMCORE had a negative net margin of 81.08% and a negative trailing twelve-month return on equity of 25.05%.

When did EMCORE's stock split?

EMCORE's stock 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 market closes 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.

Does EMCORE have any subsidiaries?

The following companies are subsidiaries of EMCORE: KVH Industries, Systron Donner, Soliant Energy Inc., Opticomm Corporation, K2 Optronics Inc., Phasebridge Inc., Corona Optical Systems Inc., and more.

Who are EMCORE's major shareholders?

Top institutional investors of EMCORE include Kovack Advisors Inc. (0.88%) and Perkins Capital Management Inc. (0.14%). Insiders that own company stock include Awm Investment Company, Inc, Rex S Jackson and Archon Capital Management Llc.
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.

What other stocks do shareholders of EMCORE own?

Based on aggregate information from My MarketBeat watchlists, some other companies that EMCORE investors own include Micron Technology (MU), AT&T (T), NVIDIA (NVDA), Advanced Micro Devices (AMD), Nokia Oyj (NOK), Palantir Technologies (PLTR) and Plug Power (PLUG).

Company Calendar

• Last Earnings: 11/30/2021
• Today: 11/12/2024
• Next Earnings (Estimated): 12/10/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:EMKR
• CUSIP: N/A
• CIK: 808326
• Web: www.emcore.com
• Phone: (626) 293-3400
• Fax: 626-293-3428
• Employees: 470
• Year Founded: 1984

Price Target and Rating

• Average Stock Price Target: $3.00
• High Stock Price Target: $3.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: -0.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($8.77)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-75,360,000.00
• Net Margins: -81.08%
• Pretax Margin: -57.77%
• Return on Equity: -25.05%
• Return on Assets: -13.56%

Debt

• Debt-to-Equity Ratio: 0.14
• Current Ratio: 2.88
• Quick Ratio: 1.64

Sales & Book Value

• Annual Sales: $90.96 million
• Price / Sales: 0.30
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $10.41 per share
• Price / Book: 0.29

Miscellaneous

• Outstanding Shares: 9,067,000
• Free Float: 8,982,000
• Market Cap: $27.29 million
• Optionable: Optionable
• Beta: 1.57