NASDAQ:EMKR EMCORE (EMKR) Stock Forecast, Price & News $0.75 +0.01 (+0.68%) (As of 02:43 PM ET) Add Compare Share Share Today's Range$0.74▼$0.7750-Day Range$0.72▼$1.1952-Week Range$0.70▼$3.65Volume155,072 shsAverage Volume338,999 shsMarket Capitalization$40.50 millionP/E RatioN/ADividend YieldN/APrice Target$2.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media EMCORE MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside234.9% Upside$2.50 Price TargetShort InterestHealthy0.78% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$210,563 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.77) to ($0.26) Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector136th out of 603 stocksSemiconductors & Related Devices Industry21st out of 88 stocks 3.5 Analyst's Opinion Consensus RatingEMCORE has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.50, EMCORE has a forecasted upside of 234.9% from its current price of $0.75.Amount of Analyst CoverageEMCORE has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.78% of the float of EMCORE has been sold short.Short Interest Ratio / Days to CoverEMCORE has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in EMCORE has recently decreased by 16.98%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldEMCORE does not currently pay a dividend.Dividend GrowthEMCORE does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EMKR. Previous Next N/A News and Social Media Coverage Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, EMCORE insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $210,563.00 in company stock.Percentage Held by InsidersOnly 2.00% of the stock of EMCORE is held by insiders.Percentage Held by Institutions54.89% of the stock of EMCORE is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for EMCORE are expected to grow in the coming year, from ($0.77) to ($0.26) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EMCORE is -0.61, 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. SectorThe P/E ratio of EMCORE is -0.61, 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 RatioEMCORE has a P/B Ratio of 0.24. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About EMCORE (NASDAQ:EMKR) StockEMCORE 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.Read More Receive EMKR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EMCORE and its competitors with MarketBeat's FREE daily newsletter. Email Address EMKR Stock News HeadlinesMay 28, 2023 | americanbankingnews.comEMCORE Co. (NASDAQ:EMKR) Major Shareholder Awm Investment Company, Inc. Sells 140,489 SharesMay 27, 2023 | americanbankingnews.comAwm Investment Company, Inc. Sells 100,000 Shares of EMCORE Co. (NASDAQ:EMKR) StockJune 7, 2023 | Stansberry Research (Ad)Why 2023 Could Kick Off a "Cash Frenzy" in StocksBut the analyst who called the Lehman Collapse says to expect a "Cash Frenzy" instead.May 25, 2023 | finanznachrichten.deEMCORE Corporation: EMCORE Increases Revenue Projection for Last-Time Buys of Broadband Products to $20 MillionMay 24, 2023 | msn.comEMCORE expects revenue from broadband products to be ~$20MMay 24, 2023 | finance.yahoo.comEMCORE Increases Revenue Projection for Last-Time Buys of Broadband Products to $20 MillionMay 17, 2023 | americanbankingnews.comShort Interest in EMCORE Co. (NASDAQ:EMKR) Grows By 7.5%May 6, 2023 | finance.yahoo.comEMCORE Second Quarter 2023 Earnings: Misses ExpectationsJune 7, 2023 | Behind the Markets (Ad)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.April 27, 2023 | finance.yahoo.comEMCORE Corporation to Host Fiscal 2023 Second Quarter Conference Call on May 4, 2023April 26, 2023 | markets.businessinsider.comCraig-Hallum Sticks to Their Buy Rating for Emcore (EMKR)April 21, 2023 | finance.yahoo.comEMCORE Announces Restructuring ProgramApril 20, 2023 | americanbankingnews.comAnalyzing Ambarella (NASDAQ:AMBA) & EMCORE (NASDAQ:EMKR)April 17, 2023 | americanbankingnews.comEMCORE Co. (NASDAQ:EMKR) Sees Large Increase in Short InterestMarch 29, 2023 | americanbankingnews.comAnalyzing EMCORE (NASDAQ:EMKR) and POET Technologies (OTCMKTS:POETF)March 28, 2023 | americanbankingnews.comEMCORE (NASDAQ:EMKR) Now Covered by Alliance Global PartnersFebruary 15, 2023 | finance.yahoo.comEMCORE Announces Pricing of $17 Million Public Offering of Common StockFebruary 11, 2023 | insidermonkey.comEMCORE Corporation (NASDAQ:EMKR) Q1 2023 Earnings Call TranscriptFebruary 9, 2023 | finance.yahoo.comEMCORE to Present at the Cowen 44th Annual Aerospace/Defense & Industrials ConferenceFebruary 8, 2023 | finance.yahoo.comEMCORE Reports Fiscal 2023 First Quarter ResultsFebruary 1, 2023 | finance.yahoo.comEMCORE Corporation to Host Fiscal 2023 First Quarter Conference Call on February 8, 2023January 5, 2023 | finance.yahoo.comEMCORE Corporation to Present at the 25th Annual Needham Growth ConferenceDecember 20, 2022 | finance.yahoo.comEMCORE Reports Fiscal 2022 Fourth Quarter ResultsDecember 19, 2022 | markets.businessinsider.comEMCORE earnings: here's what Wall Street expectsDecember 19, 2022 | benzinga.comPreview: EMCORE's EarningsDecember 15, 2022 | finance.yahoo.comEMCORE Announces Sale and Leaseback of Tinley Park, IL FacilityDecember 14, 2022 | finance.yahoo.comEMCORE Corporation to Host Fiscal 2022 Fourth Quarter Conference Call on December 20, 2022See More Headlines EMKR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EMKR Company Calendar Last Earnings11/30/2021Today6/07/2023Next Earnings (Estimated)8/08/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:EMKR CUSIPN/A CIK808326 Webwww.emcore.com Phone(626) 293-3400Fax626-293-3428Employees365Year Founded1984Price 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 RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($1.23) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-24,330,000.00 Net Margins-47.91% Pretax Margin-47.95% Return on Equity-33.76% Return on Assets-21.30% Debt Debt-to-Equity Ratio0.10 Current Ratio2.98 Quick Ratio1.80 Sales & Book Value Annual Sales$124.13 million Price / Sales0.32 Cash FlowN/A Price / Cash FlowN/A Book Value$3.16 per share Price / Book0.24Miscellaneous Outstanding Shares53,930,000Free Float52,855,000Market Cap$40.22 million OptionableOptionable Beta1.37 Social Links Key ExecutivesJeffrey S. RittichierPresident, Chief Executive Officer & DirectorIain BlackSenior Vice President-OperationsTom MinichielloChief Financial OfficerHank BlauveltChief Technology OfficerGyo ShinozakiVP & General Manager-BroadbandKey CompetitorsChavant Capital AcquisitionNASDAQ:CLAYLightPath TechnologiesNASDAQ:LPTHSemiLEDsNASDAQ:LEDSApplied OptoelectronicsNASDAQ:AAOIQuickLogicNASDAQ:QUIKView All CompetitorsInsiders & InstitutionsAwm Investment Company, Inc.Sold 100,000 sharesTotal: $82,000.00 ($0.82/share)Awm Investment Company, Inc.Sold 140,489 sharesTotal: $123,630.32 ($0.88/share)Royce & Associates LPBought 216,700 shares on 5/23/2023Ownership: 1.467%Squarepoint Ops LLCBought 51,173 shares on 5/16/2023Ownership: 0.134%Two Sigma Advisers LPBought 13,300 shares on 5/15/2023Ownership: 1.409%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding EMCORE Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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