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EMCORE Reports Fiscal 2024 First Quarter Results
Globe Newswire (Thu, 8-Feb 4:01 PM ET)
EMCORE to Present at the TD Cowen 45th Annual Aerospace & Defense Conference
Globe Newswire (Tue, 6-Feb 4:01 PM ET)
EMCORE Corporation to Host Fiscal 2024 First Quarter Conference Call on February 8, 2024
Globe Newswire (Wed, 31-Jan 4:01 PM ET)
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 25, 2024, EMKR stock price declined to $2.93 with 72,024 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 $22.65 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 return of -73.8%, while the SPY ETF gained +23.2%. In the last 3 month period, EMKR fell short of the market, returning -51.1%, while SPY returned +3.7%. However, in the most recent 2 weeks EMKR has outperformed the stock market by returning +1.4%, while SPY returned -2.4%.
EMKR support price is $2.76 and resistance is $3.14 (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.