EMKR Stock Summary and Trading Ideas (Emcore | NASDAQ:EMKR)

EMCORE Corp is a provider of sensors and navigation systems for the aerospace and defense market. The company operates in one reporting segment, Inertial Navigation, whose product technology categories include: (a) FOG, (b) QMEMS, (c) RLG, in each case which serve the aerospace and defense market. The company operates geographically in United States and Canada, which is the key revenue generator; Asia; Europe; and Other.

Emcore trades on the NASDAQ stock market under the symbol EMKR.

As of April 23, 2024, EMKR stock price climbed to $2.85 with 150,409 million shares trading.

EMKR has a beta of 1.77, meaning it tends to be more sensitive to market movements. EMKR has a correlation of 0.05 to the broad based SPY ETF.

EMKR has a market cap of $22.04 million. This is considered a Sub-Micro Cap stock.

Last quarter Emcore reported $24 million in Revenue and -$.30 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.10.

In the last 3 years, EMKR stock traded as high as $108.70 and as low as $2.44.

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

EMKR has underperformed the market in the last year with a price return of -73.4% while the SPY ETF gained +24.3%. EMKR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -51.7% and -11.8%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

EMKR support price is $2.47 and resistance is $2.81 (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 EMKR stock will trade within this expected range on the day.