EMCORE (EMKR) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EMKR shares.
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1 analysts have issued 12 month price targets for EMCORE's shares. Their EMKR share price targets range from $15.00 to $15.00. On average, they anticipate the company's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 457.6% from the stock's current price.
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EMCORE's stock was trading at $48.90 on January 1st, 2024. Since then, EMKR stock has decreased by 94.5% and is now trading at $2.69.
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EMCORE saw a decrease in short interest in 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 daily volume of 89,800 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our EMKR earnings forecast.

EMCORE Co. (NASDAQ:EMKR) announced its quarterly earnings data on Thursday, February, 8th. The semiconductor company reported ($0.40) earnings per share (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 analyst estimates of $27 million. EMCORE had a negative net margin of 67.43% and a negative trailing twelve-month return on equity of 26.76%.

EMCORE's stock 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 market closes 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.

EMCORE issued an update on its second quarter 2024 earnings guidance on Thursday, February, 8th. The company provided EPS 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.

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's stock is owned by a number of institutional and retail investors. Top institutional investors include Kovack Advisors Inc. (11.48%). Insiders that own company stock include Awm Investment Company, Inc, Jeffrey Rittichier and Rex S Jackson.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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