Craig-Hallum Reaffirms Their Buy Rating on Acacia Research (ACTG)
TipRanks (Thu, 7-Nov 9:04 AM ET)
Acacia Research to Release Third Quarter 2024 Financial Results on November 12, 2024
Business Wire (Tue, 29-Oct 7:30 AM ET)
Acacia Research Corporation Acquires Deflecto
Business Wire (Mon, 21-Oct 7:28 AM ET)
Acacia Research Reports Second Quarter 2024 Financial Results
Business Wire (Thu, 8-Aug 4:05 PM ET)
Acacia Research Corp is focused on acquiring and operating businesses across the industrial, energy, and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon. Acacia operates its businesses based on three key principles of people, process, and performance and has built a management team with demonstrated expertise in research, transactions and execution, and operations and management.
Acacia Research trades on the NASDAQ stock market under the symbol ACTG.
As of November 8, 2024, ACTG stock price declined to $4.66 with 25,238 million shares trading.
ACTG has a beta of 1.00, meaning it tends to be less sensitive to market movements. ACTG has a correlation of 0.15 to the broad based SPY ETF.
ACTG has a market cap of $467.75 million. This is considered a Small Cap stock.
Last quarter Acacia Research reported $26 million in Revenue and -$.02 earnings per share. This beat revenue expectation by $6 million and missed earnings estimates by -$.10.
In the last 3 years, ACTG traded as high as $6.16 and as low as $3.30.
The top ETF exchange traded funds that ACTG belongs to (by Net Assets): VTI, IWM, VXF, FORH, IWN.
ACTG has underperformed the market in the last year with a price return of +26.3% while the SPY ETF gained +38.4%. ACTG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.1% and -1.7%, respectively, while the SPY returned +15.6% and +3.2%, respectively.
ACTG support price is $4.56 and resistance is $4.80 (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 shares will trade within this expected range on the day.