EMCORE (EMKR) Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our EMKR earnings forecast.

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.

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.

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.

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).

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

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

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.

The company employs 365 workers across the globe.

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.