EMCORE - EMKR Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EMKR shares.
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2 Wall Street research analysts have issued twelve-month target prices for EMCORE's shares. Their EMKR share price forecasts range from $2.50 to $2.50. On average, they expect the company's share price to reach $2.50 in the next twelve months. This suggests a possible upside of 121.2% from the stock's current price.
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EMCORE's stock was trading at $0.9625 at the beginning of 2023. Since then, EMKR stock has increased by 17.4% and is now trading at $1.13.
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EMCORE saw a decrease in short interest in February. As of February 28th, there was short interest totaling 224,400 shares, a decrease of 40.0% from the February 13th total of 374,000 shares. Based on an average daily volume of 488,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our EMKR earnings forecast.

EMCORE Co. (NASDAQ:EMKR) posted its earnings results on Tuesday, November, 30th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The semiconductor company had revenue of $43.95 million for the quarter, compared to analysts' expectations of $43 million. EMCORE had a negative trailing twelve-month return on equity of 25.46% and a negative net margin of 35.93%. During the same period in the prior year, the business posted $0.07 earnings per share.

EMCORE updated its second quarter 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $27.00 million-$29.00 million, compared to the consensus revenue estimate of $27.50 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 Neuberger Berman Group LLC (5.91%), AWM Investment Company Inc. (5.28%), Renaissance Technologies LLC (3.84%), Kovack Advisors Inc. (2.74%), Aegis Financial Corp (2.63%) and Dimensional Fund Advisors LP (2.60%). Insiders that own company stock include 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 $1.13.

EMCORE (NASDAQ:EMKR) has a market capitalization of $43.02 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 ($1.02) 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.