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. It has two segments Intellectual Property Operations and Industrial Operations.

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

As of December 6, 2023, ACTG stock price declined to $3.76 with 278,774 million shares trading.

ACTG has a beta of 0.71, meaning it tends to be less sensitive to market movements. ACTG has a correlation of 0.10 to the broad based SPY ETF.

ACTG has a market cap of $375.57 million. This is considered a Small Cap stock.

Last quarter Acacia Research reported $10 million in Revenue and -$.03 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.15.

In the last 3 years, ACTG stock traded as high as $9.09 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 stock has underperformed the market in the last year with a return of -5.5%, while SPY returned +15.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ACTG shares. However, ACTG has outperformed the market in the last 3 month and 2 week periods, returning +2.5% and +1.1%, while SPY returned +1.6% and +0.3%, respectively. This indicates ACTG has been having a stronger performance recently.

ACTG support price is $3.87 and resistance is $4.09 (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.