EMCORE Corporation

Company Profile

EMCORE Corporation had its IPO on 1997-03-06 under the ticker symbol EMKR.

The company operates in the Technology sector and Semiconductors industry. EMCORE Corporation has a staff strength of 436 employees.

Stock update

Shares of EMCORE Corporation opened at $1.21 at the start of the last trading session i.e. 2023-03-30.

The stocks traded within a range of $1.15 - $1.21, and closed at $1.15.

This is a -3.36% slip from the previous day's closing price.

A total volume of 45,168 shares were traded at the close of the day’s session.

In the last one week, shares of EMCORE Corporation have increased by +4.55%.

EMCORE Corporation's Key Ratios

EMCORE Corporation has a market cap of $45.30 million, indicating a price to book ratio of 0.3795 and a price to sales ratio of 0.361.

In the last 12-months EMCORE Corporation’s revenue was $106.84 million with a gross profit of $29.72 million and an EBITDA of $-24679000. The EBITDA ratio measures EMCORE Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, EMCORE Corporation’s operating margin was -28.53% while its return on assets stood at -10.2% with a return of equity of -30.78%.

In Q4, EMCORE Corporation’s quarterly earnings growth was a negative -25% while revenue growth was a negative 40.9%.

EMCORE Corporation’s PE and PEG Ratio

Forward PE

8.2919

Trailing PE

0

PEG

1.08

Its diluted EPS in the last 12-months stands at $-1.05 per share while it has a forward price to earnings multiple of 8.2919 and a PEG multiple of 1.08. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into EMCORE Corporation’s profitability.

EMCORE Corporation stock is trading at a EV to sales ratio of 0.0166 and a EV to EBITDA ratio of -1.0681. Its price to sales ratio in the trailing 12-months stood at 0.361.

EMCORE Corporation stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$181.77 million

Total Liabilities

$31.25 million

Operating Cash Flow

$10.08 million

Capital Expenditure

$818000

Dividend Payout Ratio

0%

EMCORE Corporation ended 2023 with $181.77 million in total assets and $0 in total liabilities. Its intangible assets were valued at $181.77 million while shareholder equity stood at $108.82 million.

EMCORE Corporation ended 2023 with $0 in deferred long-term liabilities, $31.25 million in other current liabilities, 789080000.00 in common stock, $-633792000.00 in retained earnings and $16.52 million in goodwill. Its cash balance stood at $23.69 million and cash and short-term investments were $23.69 million. The company’s total short-term debt was $2,530,000 while long-term debt stood at $11.47 million.

EMCORE Corporation’s total current assets stands at $91.99 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $22.69 million compared to accounts payable of $12.55 million and inventory worth $39.60 million.

In 2023, EMCORE Corporation's operating cash flow was $10.08 million while its capital expenditure stood at $818000.

Comparatively, EMCORE Corporation paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$1.15

52-Week High

$3.805

52-Week Low

$0.86

Analyst Target Price

$3.38

EMCORE Corporation stock is currently trading at $1.15 per share. It touched a 52-week high of $3.805 and a 52-week low of $3.805. Analysts tracking the stock have a 12-month average target price of $3.38.

Its 50-day moving average was $1.25 and 200-day moving average was $1.87 The short ratio stood at 0.36 indicating a short percent outstanding of 0%.

Around 695.3% of the company’s stock are held by insiders while 5186.9% are held by institutions.