Should I buy or sell EMCORE stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EMKR shares. View EMKR analyst ratings or view top-rated stocks .

What is EMCORE's stock price target for 2024?

1 brokers have issued 12 month target prices for EMCORE's stock. Their EMKR share price targets range from $15.00 to $15.00. On average, they anticipate the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 426.3% 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 2024?

EMCORE's stock was trading at $48.90 at the start of the year. Since then, EMKR shares have decreased by 94.2% and is now trading at $2.85. View the best growth stocks for 2024 here .

Are investors shorting EMCORE?

EMCORE saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 34,100 shares, a decrease of 88.7% from the March 15th total of 302,600 shares. Based on an average trading volume of 89,800 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock 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 Thursday, May 2nd 2024. View our EMKR earnings forecast .

How were EMCORE's earnings last quarter?

EMCORE Co. (NASDAQ:EMKR) posted its quarterly earnings results on Thursday, February, 8th. The semiconductor company reported ($0.40) EPS for the quarter, beating analysts' consensus estimates of ($0.50) by $0.10. The semiconductor company earned $24.12 million during the quarter, compared to analysts' expectations of $27 million. EMCORE had a negative net margin of 67.43% and a negative trailing twelve-month return on equity of 26.76%.

When did EMCORE's stock split?

Shares of EMCORE reverse split before market open on Tuesday, April 2nd 2024. The 1-10 reverse split was announced on Tuesday, April 2nd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, April 2nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

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

EMCORE issued an update on its second quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $23.0 million-$25.0 million, compared to the consensus revenue estimate of $28.7 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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NASDAQ:EMKR

EMCORE (EMKR) Stock Price, News & Analysis

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Free EMKR Stock Alerts

$2.85

-0.06 (-2.06%)

(As of 04/18/2024 ET)

Compare

Today's Range: $2.76
▼
$3.12
50-Day Range: $2.74
▼
$44.80
52-Week Range: $2.53
▼
$11.50

Volume: 319,257 shs
Average Volume: 104,817 shs
Market Capitalization: $22.03 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $15.00

Get EMCORE alerts:

EMCORE MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 426.3% Upside
$15.00 Price Target
Short Interest: Healthy
0.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.32 out of 5 stars

Computer And Technology Sector

383rd out of 589 stocks

Semiconductors & Related Devices Industry

57th out of 87 stocks

3.5

Analyst's Opinion

Consensus Rating
EMCORE has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
EMCORE has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.53% of the float of EMCORE has been sold short.
Short Interest Ratio / Days to Cover
EMCORE has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in EMCORE has recently decreased by 88.73%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
EMCORE does not currently pay a dividend.
Dividend Growth
EMCORE does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EMKR.

0.6

News and Social Media Coverage

Search Interest
Only 5 people have searched for EMKR on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
MarketBeat Follows
4 people have added EMCORE to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, EMCORE insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.94% of the stock of EMCORE is held by insiders.
Percentage Held by Institutions
65.66% of the stock of EMCORE is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of EMCORE is -0.25, 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. Sector
The P/E ratio of EMCORE is -0.25, 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 Ratio
EMCORE has a P/B Ratio of 0.27. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About EMCORE Stock (NASDAQ:EMKR)

EMCORE Corporation, together with its subsidiaries, designs and manufactures fiber optic gyro, ring laser gyro, and micro electromechanical system-based inertial sensors and systems in the United States and internationally. It offers navigation system and inertial sensing products, such as gyroscopes and multi-axis sensors, inertial measurement units, fiber optic gyroscopes, quartz micro electromechanical systems, inertial navigation systems, tactical navigation, and naval and amphibious navigation, as well as radar positioning and pointing systems, and battlefield/artillery survey systems. The company sells its products through direct sales force, application engineers, third-party sales representatives, and distributors. EMCORE Corporation was founded in 1984 and is headquartered in Alhambra, California.

EMKR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EMKR Stock News Headlines

March 6, 2024 | investorplace.com

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February 28, 2024 | investorplace.com

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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February 26, 2024 | investorplace.com

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February 17, 2024 | finance.yahoo.com

EMKR Mar 2024 5.000 call

February 11, 2024 | finance.yahoo.com

EMCORE Corporation (NASDAQ:EMKR) Q1 2024 Earnings Call Transcript

February 9, 2024 | finanznachrichten.de

EMCORE Corporation: EMCORE Reports Fiscal 2024 First Quarter Results

February 9, 2024 | markets.businessinsider.com

Northland Securities Reaffirms Their Buy Rating on Emcore (EMKR)

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 9, 2024 | msn.com

Emcore Corp Announces Senior VP of Operations Exit

February 8, 2024 | finance.yahoo.com

EMCORE Reports Fiscal 2024 First Quarter Results

February 6, 2024 | finance.yahoo.com

EMCORE to Present at the TD Cowen 45th Annual Aerospace & Defense Conference

February 5, 2024 | markets.businessinsider.com

Craig-Hallum Keeps Their Buy Rating on Emcore (EMKR)

February 1, 2024 | finance.yahoo.com

Despite Fast-paced Momentum, Emcore (EMKR) Is Still a Bargain Stock

January 31, 2024 | finance.yahoo.com

EMCORE Corporation to Host Fiscal 2024 First Quarter Conference Call on February 8, 2024

January 11, 2024 | markets.businessinsider.com

Emcore Enters Into Cooperation Agreement With Bradley Radoff; Chairman Stephen Domenik Steps Down

January 11, 2024 | msn.com

EMCORE signs cooperation agreement with Bradley L. Radoff; announces chairman change

January 11, 2024 | finance.yahoo.com

EMCORE Corporation Enters Into Cooperation Agreement with Bradley L. Radoff

January 11, 2024 | finance.yahoo.com

Emcore (EMKR) Is Attractively Priced Despite Fast-paced Momentum

January 8, 2024 | finance.yahoo.com

5 Solid Stocks to Buy on a Solid Jump in Factory Orders

December 29, 2023 | msn.com

A New Cause for Concern: Emcore Corporation Adds a New Share Price & Shareholder Rights Risk

December 14, 2023 | benzinga.com

Recap: EMCORE Q4 Earnings

December 14, 2023 | realmoney.thestreet.com

Emcore price target lowered by $1 at Alliance Global Partners, here's why

December 14, 2023 | finance.yahoo.com

EMCORE Corporation (NASDAQ:EMKR) Shares Could Be 48% Below Their Intrinsic Value Estimate

December 14, 2023 | finance.yahoo.com

EMCORE Corporation (NASDAQ:EMKR) Q4 2023 Earnings Call Transcript

December 13, 2023 | benzinga.com

EMCORE Stock (NASDAQ:EMKR) Dividends: History, Yield and Dates

December 12, 2023 | investorplace.com

EMKR Stock Earnings: EMCORE Beats EPS, Beats Revenue for Q4 2023

See More Headlines

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Company Calendar

Last Earnings: 2/08/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:EMKR
CUSIP: N/A
CIK: 808326
Web: www.emcore.com
Phone: (626) 293-3400
Fax: 626-293-3428
Employees: 350
Year Founded: 1984

Price Target and Rating

Average Stock Price Target: $15.00
High Stock Price Target: $15.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +426.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($11.30)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-75,360,000.00
Net Margins: -67.43%
Pretax Margin: -43.70%
Return on Equity: -26.76%
Return on Assets: -15.69%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 3.11
Quick Ratio: 1.95

Sales & Book Value

Annual Sales: $97.72 million
Price / Sales: 0.23
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $10.41 per share
Price / Book: 0.27

Miscellaneous

Outstanding Shares: 7,730,000
Free Float: 7,659,000
Market Cap: $22.03 million
Optionable: Optionable
Beta: 1.52

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Key Executives

Mr. Jeffrey S. Rittichier (Age 64)
CEO, President & Director
Comp: $523.86k
Mr. Thomas P. Minichiello (Age 65)
Chief Financial Officer
Comp: $408.53k
Mr. Mark A. Gordon (Age 61)
Director of Accounting
Mr. Ryan Hochgesang
VP, General Counsel & Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

EMKR Stock Analysis - Frequently Asked Questions

Should I buy or sell EMCORE stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EMKR shares.
View EMKR analyst ratings or view top-rated stocks.
What is EMCORE's stock price target for 2024?: 1 brokers have issued 12 month target prices for EMCORE's stock. Their EMKR share price targets range from $15.00 to $15.00. On average, they anticipate the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 426.3% 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 2024?: EMCORE's stock was trading at $48.90 at the start of the year. Since then, EMKR shares have decreased by 94.2% and is now trading at $2.85.
View the best growth stocks for 2024 here.
Are investors shorting EMCORE?: EMCORE saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 34,100 shares, a decrease of 88.7% from the March 15th total of 302,600 shares. Based on an average trading volume of 89,800 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock 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 Thursday, May 2nd 2024.
View our EMKR earnings forecast.
How were EMCORE's earnings last quarter?: EMCORE Co. (NASDAQ:EMKR) posted its quarterly earnings results on Thursday, February, 8th. The semiconductor company reported ($0.40) EPS for the quarter, beating analysts' consensus estimates of ($0.50) by $0.10. The semiconductor company earned $24.12 million during the quarter, compared to analysts' expectations of $27 million. EMCORE had a negative net margin of 67.43% and a negative trailing twelve-month return on equity of 26.76%.

When did EMCORE's stock split?: Shares of EMCORE reverse split before market open on Tuesday, April 2nd 2024. The 1-10 reverse split was announced on Tuesday, April 2nd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, April 2nd 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
What guidance has EMCORE issued on next quarter's earnings?: EMCORE issued an update on its second quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $23.0 million-$25.0 million, compared to the consensus revenue estimate of $28.7 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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NASDAQ:EMKR) was last updated on 4/19/2024 by MarketBeat.com Staff

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