28-Mar-2024
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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 Corporation Enters Into Cooperation Agreement with Bradley L. Radoff
Globe Newswire (Thu, 11-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 March 28, 2024, EMKR stock price declined to $0.34 with 435,183 million shares trading.
EMKR has a beta of 1.74, 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 $26.67 million. This is considered a Sub-Micro Cap stock.
Last quarter Emcore reported $24 million in Revenue and -$.03 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.01.
In the last 3 years, EMKR stock traded as high as $10.87 and as low as $.31.
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 -69.2% while the SPY ETF gained +33.6%. EMKR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.0% and -11.5%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
EMKR support price is $.34 and resistance is $.38 (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.