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NIO   7.77 (-1.40%)
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AMD   118.55 (-4.57%)
T   15.93 (+1.66%)
F   13.49 (+4.33%)
MU   67.20 (-0.50%)
CGC   0.72 (-2.34%)
GE   106.31 (+0.81%)
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PFE   38.88 (+1.33%)
PYPL   64.00 (-1.57%)
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NASDAQ:EMKR

EMCORE (EMKR) Stock Forecast, Price & News

$0.75
+0.01 (+0.68%)
(As of 02:43 PM ET)
Compare
Today's Range
$0.74
$0.77
50-Day Range
$0.72
$1.19
52-Week Range
$0.70
$3.65
Volume
155,072 shs
Average Volume
338,999 shs
Market Capitalization
$40.50 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.50

EMCORE MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
234.9% Upside
$2.50 Price Target
Short Interest
Healthy
0.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$210,563 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.77) to ($0.26) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Computer And Technology Sector

136th out of 603 stocks

Semiconductors & Related Devices Industry

21st out of 88 stocks


EMKR stock logo

About EMCORE (NASDAQ:EMKR) Stock

EMCORE Corp. engages in the manufacture and provision of mixed-signal optics products. It operates through the Aerospace and Defense segment and Broadband segment. The Aerospace and Defense segment produces navigation and inertial sensing products, and defense optoelectronics. The Broadband segment manufactures community antenna television (CATV) lasers and transmitters, chip devices, and other optical products. The company was founded in 1984 and is headquartered in Alhambra, CA.

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EMKR Stock News Headlines

Why 2023 Could Kick Off a "Cash Frenzy" in Stocks
But the analyst who called the Lehman Collapse says to expect a "Cash Frenzy" instead.
Short Interest in EMCORE Co. (NASDAQ:EMKR) Grows By 7.5%
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Craig-Hallum Sticks to Their Buy Rating for Emcore (EMKR)
EMCORE Announces Restructuring Program
Analyzing Ambarella (NASDAQ:AMBA) & EMCORE (NASDAQ:EMKR)
EMCORE Co. (NASDAQ:EMKR) Sees Large Increase in Short Interest
EMCORE (NASDAQ:EMKR) Now Covered by Alliance Global Partners
EMCORE Reports Fiscal 2023 First Quarter Results
EMCORE Reports Fiscal 2022 Fourth Quarter Results
EMCORE earnings: here's what Wall Street expects
Preview: EMCORE's Earnings
See More Headlines

EMKR Price History

EMKR Company Calendar

Last Earnings
11/30/2021
Today
6/07/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:EMKR
Employees
365
Year Founded
1984

Price Target and Rating

Average Stock Price Forecast
$2.50
High Stock Price Forecast
$2.50
Low Stock Price Forecast
$2.50
Forecasted Upside/Downside
+235.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-24,330,000.00
Pretax Margin
-47.95%

Debt

Sales & Book Value

Annual Sales
$124.13 million
Book Value
$3.16 per share

Miscellaneous

Free Float
52,855,000
Market Cap
$40.22 million
Optionable
Optionable
Beta
1.37

Social Links


Key Executives

  • Jeffrey S. RittichierJeffrey S. Rittichier
    President, Chief Executive Officer & Director
  • Iain Black
    Senior Vice President-Operations
  • Tom Minichiello
    Chief Financial Officer
  • Hank Blauvelt
    Chief Technology Officer
  • Gyo Shinozaki
    VP & General Manager-Broadband













EMKR Stock - Frequently Asked Questions

Should I buy or sell EMCORE stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EMKR shares.
View EMKR analyst ratings
or view top-rated stocks.

What is EMCORE's stock price forecast for 2023?

3 Wall Street research analysts have issued 12 month price targets for EMCORE's shares. Their EMKR share price forecasts range from $2.50 to $2.50. On average, they predict the company's share price to reach $2.50 in the next year. This suggests a possible upside of 235.3% 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 2023?

EMCORE's stock was trading at $0.9625 at the beginning of the year. Since then, EMKR stock has decreased by 22.5% and is now trading at $0.7457.
View the best growth stocks for 2023 here
.

Are investors shorting EMCORE?

EMCORE saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 262,600 shares, a drop of 17.0% from the April 30th total of 316,300 shares. Based on an average daily trading volume, of 296,400 shares, the days-to-cover ratio is presently 0.9 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 8th 2023.
View our EMKR earnings forecast
.

How were EMCORE's earnings last quarter?

EMCORE Co. (NASDAQ:EMKR) posted its quarterly earnings results on Tuesday, November, 30th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. 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 47.91% and a negative trailing twelve-month return on equity of 33.76%. During the same period in the prior year, the company earned $0.07 earnings per share.

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

EMCORE updated its third quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $25.00 million-$27.00 million, compared to the consensus revenue estimate of $27.97 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).

What is EMCORE's stock symbol?

EMCORE trades on the NASDAQ under the ticker symbol "EMKR."

Who are EMCORE's major shareholders?

EMCORE's stock is owned by many different retail and institutional investors. Top institutional investors include Portolan Capital Management LLC (8.16%), Renaissance Technologies LLC (2.88%), Kovack Advisors Inc. (2.45%), Perkins Capital Management Inc. (2.20%), Acadian Asset Management LLC (2.10%) and Royce & Associates LP (2.08%). Insiders that own company stock include Awm Investment Company, Inc, Jeffrey Rittichier, Rex S Jackson and Stephen L Domenik.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is EMCORE's stock price today?

One share of EMKR stock can currently be purchased for approximately $0.75.

How much money does EMCORE make?

EMCORE (NASDAQ:EMKR) has a market capitalization of $40.22 million and generates $124.13 million in revenue each year. The semiconductor company earns $-24,330,000.00 in net income (profit) each year or ($1.23) on an earnings per share basis.

How many employees does EMCORE have?

The company employs 365 workers across the globe.

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.
Read More
How can I contact EMCORE?

EMCORE's mailing address is 2015 W. Chestnut Street, Alhambra CA, 91803. The official website for the company is www.emcore.com. The semiconductor company can be reached via phone at (626) 293-3400, via email at investor_emkr@emcore.com, or via fax at 626-293-3428.

This page (NASDAQ:EMKR) was last updated on 6/7/2023 by MarketBeat.com Staff

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