Emcore Stock Price on August 6, 2024
| EMKR Stock | USD 3.03 0.03 0.98% |
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 3.03, as last reported on the 29th of December, with the highest price reaching 3.06 and the lowest price hitting 2.98 during the day.
If you're considering investing in EMCORE Stock, it is important to understand the factors that can impact its price. EMCORE appears to be very risky, given 3 months investment horizon. EMCORE retains Efficiency (Sharpe Ratio) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By reviewing EMCORE's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize EMCORE's Coefficient Of Variation of 574.05, market risk adjusted performance of 4.04, and Downside Deviation of 3.28 to check if our risk estimates are consistent with your expectations.
At this time, EMCORE's Total Stockholder Equity is relatively stable compared to the past year. As of 12/29/2024, 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 12/29/2024, 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.
IPO Date 6th of March 1997 | 200 Day MA 1.9738 | 50 Day MA 2.7236 | Beta 1.574 |
EMCORE |
Sharpe Ratio = 0.1282
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Estimated Market Risk
| 4.58 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average EMCORE is performing at about 10% of its full potential. 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 it to a well-diversified portfolio.
Price Book 0.526 | Enterprise Value Ebitda 12.7745 | Price Sales 0.3022 | Shares Float 6.6 M | Wall Street Target Price 3.1 |
EMCORE Valuation on August 6, 2024
It is possible to determine the worth of EMCORE on a given historical date. On August 6, 2024 EMCORE was worth 1.14 at the beginning of the trading date compared to the closed value of 0.95. 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 | |
| 1.11 | 1.15 | 1.08 | 1.09 | 277,461 | |
08/06/2024 | 1.14 | 1.14 | 0.93 | 0.95 | 891,069 |
| 1.03 | 1.03 | 0.93 | 0.96 | 486,994 |
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EMCORE Trading Date Momentum on August 6, 2024
| On August 07 2024 EMCORE was traded for 0.96 at the closing time. The top price for the day was 1.03 and the lowest listed price was 0.93 . The trading volume for the day was 487 K. The trading history from August 7, 2024 was a factor to the next trading day price gain. The overall trading delta against the next closing price was 1.05% . The overall trading delta against the current closing price is 8.42% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 5.9 M | 5.6 M | |
| Net Loss | -21.9 M | -20.8 M |
EMCORE Quarterly Net Working Capital |
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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.
Price Boundaries
EMCORE Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
EMCORE cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
EMCORE December 29, 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.
| Risk Adjusted Performance | 0.1481 | |||
| Jensen Alpha | 1.91 | |||
| Total Risk Alpha | 1.61 | |||
| Sortino Ratio | 0.5783 | |||
| Treynor Ratio | 4.03 |
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Additional 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.