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

Acacia Research Corp focuses on acquiring and managing companies across various industries, including industrial, energy, technology, and healthcare. It seeks to unlock value in businesses through strategic acquisitions, restructurings, and investments. The company operates three segments: Intellectual Property Operations, Industrial Operations, and Energy Operations. The Intellectual Property segment licenses and enforces patented technologies, while the Industrial segment designs and manufactures printers and consumable products for industrial printing applications. The Energy segment engages in oil and gas exploration, development, and production. The company generates the majority of its revenue from intellectual property operations, primarily in the United States.

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

As of April 18, 2024, ACTG stock price was flat at $4.82 with 106,971 million shares trading.

ACTG has a beta of 1.06, meaning it tends to be more sensitive to market movements. ACTG has a correlation of 0.16 to the broad based SPY ETF.

ACTG has a market cap of $481.45 million. This is considered a Small Cap stock.

In the last 3 years, ACTG stock traded as high as $7.54 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 outperformed the market in the last year with a return of +22.3%, while the SPY ETF gained +22.2%. In the last 3 month period, ACTG beat the market returning +29.2%, while SPY returned +6.0%. However, in the most recent 2 weeks ACTG has underperformed the stock market by returning -10.1%, while SPY returned -3.9%.

ACTG support price is $4.72 and resistance is $4.92 (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.