ACLS Stock Summary and Trading Ideas (Axcelis Technologies | NASDAQ:ACLS)

Axcelis Technologies Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. In addition to equipment, the company provide aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Geographically, the group has a business presence in North America, Asia Pacific and Europe, of which key revenue is derived from the Asia Pacific.

Axcelis Technologies trades on the NASDAQ stock market under the symbol ACLS.

As of April 19, 2024, ACLS stock price declined to $97.83 with 73,029 million shares trading.

ACLS has a beta of 1.69, meaning it tends to be more sensitive to market movements. ACLS has a correlation of 0.19 to the broad based SPY ETF.

ACLS has a market cap of $3.19 billion. This is considered a Mid Cap stock.

Last quarter Axcelis Technologies reported $310 million in Revenue and $2.15 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.13.

In the last 3 years, ACLS stock traded as high as $201.00 and as low as $33.36.

The top ETF exchange traded funds that ACLS belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

ACLS has underperformed the market in the last year with a price return of -24.1% while the SPY ETF gained +22.0%. ACLS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.2% and -6.3%, respectively, while the SPY returned +5.0% and -2.8%, respectively.

ACLS support price is $95.73 and resistance is $100.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACLS stock will trade within this expected range on the day.