Emcore Stock Price on March 8, 2024

EMKR Stock  USD 2.71  0.10  3.56%   
Below is the normalized historical share price chart for EMCORE extending back to March 06, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of EMCORE stands at 2.71, as last reported on the 1st of May, with the highest price reaching 2.82 and the lowest price hitting 2.69 during the day.
IPO Date
6th of March 1997
200 Day MA
4.8637
50 Day MA
3.5846
Beta
1.51
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in EMCORE Stock, it is important to understand the factors that can impact its price. EMCORE retains Efficiency (Sharpe Ratio) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. EMCORE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EMCORE's Variance of 41.99, standard deviation of 6.48, and Market Risk Adjusted Performance of 0.5797 to check the risk estimate we provide.
  
At this time, EMCORE's Total Stockholder Equity is relatively stable compared to the past year. As of 05/01/2024, Liabilities And Stockholders Equity is likely to grow to about 145.7 M, though Other Stockholder Equity is likely to grow to (40.8 M). . As of 05/01/2024, Price To Sales Ratio is likely to drop to 0.27. In addition to that, Price Earnings Ratio is likely to drop to -0.3. EMCORE Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1658

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Estimated Market Risk

 6.56
  actual daily
58
58% of assets are less volatile

Expected Return

 -1.09
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.17
  actual daily
0
Most of other assets perform better
Based on monthly moving average EMCORE is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of EMCORE by adding EMCORE to a well-diversified portfolio.
Price Book
0.2931
Enterprise Value Ebitda
(1.71)
Price Sales
0.2171
Shares Float
4.8 M
Wall Street Target Price
11.83

Related Headline

Knowles Cor Headline on 8th of March 2024

Filed transaction by Knowles Cor Officer Svp, General Counsel Sec. Grant, award or other acquisition pursuant to Rule 16b-3

EMCORE Valuation on March 8, 2024

It is possible to determine the worth of EMCORE on a given historical date. On March 8, 2024 EMCORE was worth 0.4 at the beginning of the trading date compared to the closed value of 4.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of EMCORE stock. Still, in general, we apply an absolute valuation method to find EMCORE's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of EMCORE where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against EMCORE's related companies.
 Open High Low Close Volume
  0.41    4.03    4.03    4.03    27,670  
03/08/2024
  0.40    4.03    4.03    4.03    46,969  
  0.40    4.00    4.00    4.00    25,499  
Backtest EMCORE  |  EMCORE History  |  EMCORE Valuation   PreviousNext  
Open Value
0.4
4.03
Closing Value
20.08
Upside

EMCORE Trading Date Momentum on March 8, 2024

On March 11 2024 EMCORE was traded for  4.00  at the closing time. The top price for the day was 4.00  and the lowest listed price was  4.00 . The trading volume for the day was 25.5 K. The trading history from March 11, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.74% . The overall trading delta against the current closing price is 90.07% .

EMCORE Fundamentals Correlations and Trends

By evaluating EMCORE's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among EMCORE's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. EMCORE financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About EMCORE Stock history

EMCORE investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for EMCORE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in EMCORE will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing EMCORE stock prices may prove useful in developing a viable investing in EMCORE
Last ReportedProjected for Next Year
Common Stock Shares Outstanding5.9 M5.6 M
Net Loss-21.9 M-20.8 M

EMCORE Quarterly Net Working Capital

58.2 Million

EMCORE Stock Technical Analysis

EMCORE technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of EMCORE technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EMCORE trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

EMCORE Period Price Range

Low
March 8, 2024
3.63  907.50%
High

 0.40 

     

 4.03 

EMCORE May 1, 2024 Market Strength

Market strength indicators help investors to evaluate how EMCORE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EMCORE shares will generate the highest return on investment. By undertsting and applying EMCORE stock market strength indicators, traders can identify EMCORE entry and exit signals to maximize returns

EMCORE Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for EMCORE's price direction in advance. Along with the technical and fundamental analysis of EMCORE Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of EMCORE to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether EMCORE is a strong investment it is important to analyze EMCORE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EMCORE's future performance. For an informed investment choice regarding EMCORE Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for EMCORE Stock analysis

When running EMCORE's price analysis, check to measure EMCORE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.
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Is EMCORE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EMCORE. If investors know EMCORE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EMCORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.25)
Earnings Share
(7.90)
Revenue Per Share
15.825
Quarterly Revenue Growth
0.207
Return On Assets
(0.07)
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EMCORE's market value can be influenced by many factors that don't directly affect EMCORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.