ASYS Stock Summary and Trading Ideas (Amtech Systems | NASDAQ:ASYS)

Amtech Systems Inc is a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power chips, electronic assemblies, and light-emitting diodes (LEDs). the company has two segments; Semiconductor; it designs, manufactures, sells, and services thermal processing equipment and related controls for use by semiconductor manufacturers, and in electronics, automotive, and other industries; and Material and Substrate - it produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components.

Amtech Systems trades on the NASDAQ stock market under the symbol ASYS.

As of April 19, 2024, ASYS stock price declined to $4.75 with 55,340 million shares trading.

ASYS has a beta of 0.05, meaning it tends to be less sensitive to market movements. ASYS has a correlation of 0.00 to the broad based SPY ETF.

ASYS has a market cap of $67.41 million. This is considered a Micro Cap stock.

Last quarter Amtech Systems reported $25 million in Revenue and -$.04 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.22.

In the last 3 years, ASYS stock traded as high as $15.78 and as low as $3.37.

The top ETF exchange traded funds that ASYS belongs to (by Net Assets): VTI, VXF, DFAT, DFAS, IWC.

ASYS has underperformed the market in the last year with a price return of -46.6% while the SPY ETF gained +21.2%. However, in the short term, ASYS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.3% vs +4.3% return in SPY. But in the last 2 weeks, ASYS shares have been beat by the market, returning -8.7% compared to an SPY return of -3.5%.

ASYS support price is $4.71 and resistance is $5.05 (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 ASYS stock will trade within this expected range on the day.