ACTG Stock Summary and Trading Ideas (Acacia Research | NASDAQ:ACTG)

Acacia Research Corp is engaged in the acquisition, development, and patents technologies through its subsidiaries. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies.

Acacia Research trades on the NASDAQ stock market under the symbol ACTG.

As of March 27, 2023, ACTG stock price was flat at $3.81 with 70,911 million shares trading.

ACTG has a beta of 0.74, meaning it tends to be less sensitive to market movements. ACTG has a correlation of 0.14 to the broad based SPY ETF.

ACTG has a market cap of $223.05 million. This is considered a Small Cap stock.

In the last 3 years, ACTG stock traded as high as $9.09 and as low as $2.14.

The top ETF exchange traded funds that ACTG belongs to (by Net Assets): VTI, VXF, FORH, DFAT, FDM.

ACTG has outperformed the market in the last year with a return of -2.6%, while the SPY ETF lost -10.5%. However, in the most recent history, ACTG shares have underperformed the stock market with its stock returning -4.3% in the last 3 month period and -16.6% for the last 2 week period, while SPY has returned +4.0% and +3.2%, respectively.

ACTG support price is $3.70 and resistance is $3.92 (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 ACTG stock will trade within this expected range on the day.