NASDAQ:EMKREMCORE Stock Price, Forecast & News

EMCORE's stock was trading at $2.35 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EMKR shares have increased by 28.9% and is now trading at $3.03. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for EMCORE.

EMCORE is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for EMCORE.

EMCORE Co. (NASDAQ:EMKR) announced its quarterly earnings results on Wednesday, May, 6th. The semiconductor company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.03. The semiconductor company earned $23.85 million during the quarter, compared to analyst estimates of $23.37 million. EMCORE had a negative return on equity of 26.92% and a negative net margin of 35.04%. View EMCORE's earnings history.

EMCORE issued an update on its third quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $25-27 million, compared to the consensus revenue estimate of $25.35 million.

3 Wall Street analysts have issued 12-month price targets for EMCORE's stock. Their forecasts range from $4.70 to $5.00. On average, they expect EMCORE's share price to reach $4.90 in the next twelve months. This suggests a possible upside of 61.7% from the stock's current price. View analysts' price targets for EMCORE.

News coverage about EMKR stock has been trending negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. EMCORE earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an effect on the company's share price in the immediate future. View the latest news about EMCORE.

EMCORE saw a increase in short interest in June. As of June 15th, there was short interest totaling 95,100 shares, an increase of 14.6% from the May 31st total of 83,000 shares. Based on an average daily volume of 122,500 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are sold short. View EMCORE's Current Options Chain.

Some companies that are related to EMCORE include NVE (NVEC), Alpha and Omega Semiconductor (AOSL), Applied Optoelectronics (AAOI), AXT (AXTI), Atomera (ATOM), GSI Technology (GSIT), Sequans Communications (SQNS), POET Technologies (POETF), Netlist (NLST), Resonant (RESN), Everspin Technologies (MRAM), Pixelworks (PXLW), Kopin (KOPN), LightPath Technologies (LPTH) and Intermolecular (IMI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other EMCORE investors own include Advanced Micro Devices (AMD), AT&T (T), NovaBay Pharmaceuticals (NBY), NovaBay Pharmaceuticals (NBY), Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Corbus Pharmaceuticals (CRBP) and Inovio Pharmaceuticals (INO).

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

Shares of EMKR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of EMKR stock can currently be purchased for approximately $3.03.

EMCORE has a market capitalization of $88.99 million and generates $87.26 million in revenue each year. The semiconductor company earns $-35,980,000.00 in net income (profit) each year or ($0.71) on an earnings per share basis.

The official website for EMCORE is www.emcore.com.

EMCORE's mailing address is 2015 W. Chestnut Street, Alhambra CA, 91803. The semiconductor company can be reached via phone at 626-293-3400 or via email at [email protected]