EMKR - EMCORE Corporation

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
3.0300
-0.0100 (-0.33%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close3.0400
Open3.0500
Bid0.0000 x 1000
Ask0.0000 x 1300
Day's Range2.9500 - 3.1000
52 Week Range1.4600 - 3.7200
Volume45,957
Avg. Volume101,895
Market Cap88.996M
Beta (5Y Monthly)0.87
PE Ratio (TTM)N/A
EPS (TTM)-1.1160
Earnings DateMay 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 14, 2016
1y Target Est5.27
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Here is What Hedge Funds Think About EMCORE Corporation (EMKR)
    Insider Monkey

    Here is What Hedge Funds Think About EMCORE Corporation (EMKR)

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • Thomson Reuters StreetEvents

    Edited Transcript of EMKR earnings conference call or presentation 7-May-20 12:00pm GMT

    Q2 2020 EMCORE Corp Earnings Call

  • GlobeNewswire

    EMCORE Reports Fiscal 2020 Second Quarter Results

    ALHAMBRA, Calif., May 06, 2020 -- EMCORE Corporation (Nasdaq: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband.

  • 3 ‘Strong Buy’ Penny Stocks With Over 80% Upside Potential
    TipRanks

    3 ‘Strong Buy’ Penny Stocks With Over 80% Upside Potential

    After a month of rising stock markets, which have seen the S&P 500 gain 14%, there is a hope that the economic contraction will be shorter than was initially feared. As the Trump administration has begun setting guidelines for reopening economic activity, and at the State level some governors are planning to reopen while others tighten social distancing restrictions, some market strategist are openly saying that the worst is now behind us.Chiming in from Ned Davis Research, chief US strategist Ed Clissold has revised the cautious stance he set early in March. Noting, “The market tends to lead the economy,” Clissold goes on to say, “An average of four months before the end of recessions is when the S&P 500 bottoms. So, if you look out a few months and think things will be getting a little bit better, stocks should anticipate that.”Assuming that the S&P’s March 23 reading of 2,237 was the bottom, then by Clissold’s logic we should see the recessionary factors start to recede in mid-July. This would be consistent with the V-shaped recovery hypothesis, and an early economic turnaround in 2H20. Other recent forecasts have proven correct – especially that the S&P would find resistance in the 2,750 to 2,850 range. The index has now broken above that level, in a positive sign for investors.If the optimists are right, and markets are just a few months away from breakout, then now – while prices remain low – is the time to prepare your portfolio.And this brings us to penny stocks, those low-cost equities priced below $5 per share – are a high-stakes opportunity with upsides that frequently approach several hundred percent and a low enough cost of entry to mitigate the attendant risk. These companies are priced low for a reason, but for those that break out, the rewards are tremendous.With this in mind, we’ve used the TipRanks database to pinpoint three penny stocks poised for sky-high gains. To minimize the risks, all three combine high ratings from Wall Street’s analysts, and a growth potential of 80% or higher.Arcimoto, Inc. (FUV)We’ll start with a green manufacturer. Arcimoto has developed a tandem two-seater electric vehicle – a three-wheeled design – Fun Electric Vehicle, or FUV, as the company has dubbed it. The company is currently producing FUVs at a rate of one per day in its Oregon factory, and has received pre-orders for 4,128 vehicles. The tiny FUV is marketed as a leisure product, perhaps the only marketing route for American customers who usually prefer their cars large.Looking forward, Arcimoto has plans to upsize its vehicle line, and is developing prototypes to test out FUVs as emergency or delivery vehicles. The company already has a rental franchise in Key West, Florida, and has delivered 8 vehicles. The rental franchise will target tourist rentals on the island.H.C. Wainwright analyst Amit Dayal sees the current economic slowdown as a net positive for the company. Arcimoto is using the opportunity to streamline operations and increase efficiency, measures that will reduce overhead in the long run. Dayal writes, “We were expecting the company to deliver 729 vehicles during 2020, which we have revised down to 235 now. We expect production to bounce back to nearly 2,000 units in 2021. We expect the company’s operating costs to be lower because of the furlough; we are projecting 2020 operating costs of $9.3M, compared to $21.3M previously.”"We believe that the company could see increased interest in its Deliverator model, as businesses shore up their delivery strategies in a post-COVID-19 environment. In line with this, the company has expanded its Deliverator pilot program to include a major national grocer," Dayal added.As a result, Dayal gives FUV shares a Buy rating, and his $7 price target suggest an upside potential of 220%. (To watch Dayal track record, click here)Wall Street generally agrees with Dayal that Arcimoto has a clear path forward. This is seen in the average price target of $4.50, which indicates an upside of 105%. The Strong Buy consensus rating is based on a unanimous 3 Buy reviews. (See Arcimoto stock analysis on TipRanks)Emcore Corporation (EMKR)Next up is a technology company, with strong links to the defense industry. Emcore produces mixed-signal optics and micro-electromechanical systems (MEMS) that underlie many leading aerospace and defense systems. Emcore products are vital components in navigation systems.After missing earnings expectations in calendar Q3 by 12 cents, and reporting a 29 cent per share loss against a forecast of 17 cents, calendar Q4 (fiscal Q1) showed a strong sequential improvement. The company still recorded a net loss, but it was only 8 cents – far better than the 22 cents forecast. Revenue in the final quarter of 2019 reached $25.48 million, up 6% from the year-ago quarter.The long – and recently extended – lockdown in California is hurting Emcore’s production capabilities. At the same time, as a company with contractual ties to the defense establishment, Emcore is almost certain to have a deep backlog of pent-up demand waiting for it when normal or near-normal work resumes.That is the thesis underlying 5-star analyst Dave Kang’s stance on EMKR. Writing from B. Riley FBR, Kang says “We believe it has a compelling risk/reward, considering its CATV business should benefit from increased telecommuting, and once the CA lockdown is lifted, its A&D business should immediately kick into a high gear based on strong pent up demand.” The analyst added, "We are buyers of EMKR into the print based on a favorable risk/reward profile, coupled with a recent trend of investors being less concerned about supply-related issues as long as demand remainsr obust. We believe its CATV demand could benefit from increased telecommuting, and its Aerospace/Defense (A&D) should immediatelykick into a high gear once the CA lockdown is lifted by the end of May."Kang gives Emcore shares a Buy rating, in line with this bullish stance. His $5.80 price target indicates his confidence in a 122% upside potential for the stock. (To watch Kang’s track record, click here)This is another stock with a unanimous Strong Buy rating from the analyst consensus. Like FUV above, EMKR’s rating is based 3 recent Buy reviews. The stock is priced low, at just $2.61, and the average price target of $5.10 suggest that is has room for 95% upside growth in the coming 12 months. (See Emcore stock analysis on TipRanks)Medallion Financial (MFIN)The last stock on our list is a specialty finance company based in New York City. Medallion’s name reflects an important part of the company’s portfolio: taxi medallions. These permits to operate a taxi cab are available in limited numbers, and cab operators will pay top dollar – often securing large loans – in order to procure them. In addition to medallion-backed loans, Medallion also offers and services consumer, light industry, and small business loans.Medallion reported its Q1 results just yesterday (April 30), and showed deep losses. EPS came in at a 56-cent per share net loss, much worse than the 12-cent loss expected. Revenue for the quarter was also down – the $19.6 million reported was 33% below forecasts and down 32% year-over-year.The COVID-19 pandemic and associated economic disruption are behind MFIN’s Q1 losses. The company’s portfolio has large numbers of taxi medallions and consumer loans – and both are segments that have been hard-hit by the lockdowns. NYC taxi traffic is far down, and unemployment is skyrocketing – making it harder for people to make their loan payments.Riley FBR analyst Scott Buck sees the current difficult times as an opportunity for Medallion. He believes that the company can make a meaningful write-down in its medallion loans, and pivot toward more profitable endeavors. Describing MFIN’s prospects, he writes, “Given what we expect to be a more challenging environment for consumer loan demand, more challenging credit and the ongoing shutdown in New York City, we are reducing our estimates for 2020 and 2021. We are now modeling full-year 2020 EPS of $0.26, down from $1.05. The decline is driven almost entirely from higher provisioning, predominantly on the medallion portfolio, which we view as a positive long-term as it allows investors, and management, to put their attention on the growing and profitable consumer lending segment.”Buck keeps his Buy rating on MFIN, and his $7 price target suggests a robust 220% upside potential. (To watch Buck’s track record, click here)Overall, Medallion Financial keeps a Strong Buy analyst consensus rating, based on 4 recent reviews, including 3 Buys against a single Hold. Meanwhile, the $6.83 average price target reflects an impressive 12-month upside potential of 189%. (See Medallion stock analysis on TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • GlobeNewswire

    CORRECTION - EMCORE Corporation to Host Fiscal 2020 Second Quarter Conference Call on May 7, 2020

    ALHAMBRA, Calif., April 29, 2020 -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband.

  • GlobeNewswire

    EMCORE Corporation to Host Fiscal 2020 Second Quarter Conference Call on May 6, 2020

    ALHAMBRA, Calif., April 28, 2020 -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband.

  • GlobeNewswire

    EMCORE Receives 2019 Raytheon Integrated Defense Systems 5-Star Supplier Excellence Award for Performance and Partnership

    EMCORE Corporation (EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband communications markets, announced today that it has received the 2019 Raytheon Integrated Defense Systems (IDS) 5-Star Supplier Excellence Award for performance and partnership. As a 5-Star Award winner, EMCORE has achieved 100% scores in quality and delivery (or Qualitative Data Index rating of 5), demonstrated good financial health and is endorsed across Raytheon. Raytheon’s Integrated Defense Systems business instituted the annual Supplier Excellence Awards program to recognize suppliers who have provided outstanding service and partnership in exceeding customer requirements.

  • GlobeNewswire

    EMCORE Introduces Model 1997 6 GHz Uncooled Coaxial Laser Module for 5G Wireless at OFC

    ALHAMBRA, Calif., March 09, 2020 -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband.

  • GlobeNewswire

    EMCORE Introduces Optiva Q/V-Band (50-60 GHz) and Next-Gen Extended L-Band Fiber Optic Links at Satellite 2020

    ALHAMBRA, Calif., March 05, 2020 -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband.

  • GlobeNewswire

    EMCORE Announces Closing of Sale and Leaseback Transaction

    ALHAMBRA, Calif., Feb. 11, 2020 -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband.

  • Thomson Reuters StreetEvents

    Edited Transcript of EMKR earnings conference call or presentation 6-Feb-20 1:00pm GMT

    Q1 2020 EMCORE Corp Earnings Call

  • Earnings Update: Here's Why Analysts Just Lifted Their EMCORE Corporation Price Target To US$5.10
    Simply Wall St.

    Earnings Update: Here's Why Analysts Just Lifted Their EMCORE Corporation Price Target To US$5.10

    Last week, you might have seen that EMCORE Corporation (NASDAQ:EMKR) released its first-quarter result to the market...

  • ACCESSWIRE

    EMCORE Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / February 6, 2020 / EMCORE Corp. (NASDAQ:EMKR) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on February 6, 2020 at 8:00 AM Eastern ...

  • GlobeNewswire

    CORRECTION – EMCORE Reports Fiscal 2020 First Quarter Results

    ALHAMBRA, Calif., Feb. 05, 2020 -- In a release issued under the same headline earlier today by EMCORE Corporation (Nasdaq: EMKR) the Reconciliations of GAAP to Non-GAAP.

  • Emcore (EMKR) Reports Q1 Loss, Lags Revenue Estimates
    Zacks

    Emcore (EMKR) Reports Q1 Loss, Lags Revenue Estimates

    Emcore (EMKR) delivered earnings and revenue surprises of 70.00% and -1.99%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    EMCORE Reports Fiscal 2020 First Quarter Results

    ALHAMBRA, Calif., Feb. 05, 2020 -- EMCORE Corporation (Nasdaq: EMKR), a leading provider of mixed-signal products that provide the foundation for today’s leading-edge aerospace.

  • Earnings Preview: Emcore (EMKR) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Emcore (EMKR) Q1 Earnings Expected to Decline

    Emcore (EMKR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    EMCORE Corporation to Host Fiscal 2020 First Quarter Conference Call on February 6, 2020

    ALHAMBRA, Calif., Jan. 28, 2020 -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband.

  • GlobeNewswire

    EMCORE Corporation to Present at the 22nd Annual Needham Growth Conference

    ALHAMBRA, Calif., Jan. 13, 2020 -- EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today’s.

  • GlobeNewswire

    EMCORE Enters into a Purchase Agreement for its Concord Facility

    EMCORE Corporation (EMKR), a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today’s leading-edge defense systems and high-speed communication network infrastructures, announced it has entered into a purchase agreement for a sale and leaseback transaction. Under the terms of the purchase agreement, EMCORE agreed to sell its property in Concord, California for a total purchase price of $13.4 million. EMCORE anticipates that the close of the sale and leaseback transaction will occur in the first calendar quarter of 2020, subject to satisfaction of certain customary closing conditions for transactions of this type.

  • GlobeNewswire

    EMCORE Announces Filing of Shelf Registration Statement

    EMCORE Corporation (EMKR) today announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”). Under the shelf registration statement, once declared effective by the SEC, EMCORE may offer and sell from time to time, in one or more offerings, common stock, preferred stock, debt securities, warrants, rights to purchase any of the foregoing securities, or units comprised of two or more of these classes or series of securities. The aggregate offering price of all securities that may be sold under the registration statement will not exceed $30,000,000.

  • Thomson Reuters StreetEvents

    Edited Transcript of EMKR earnings conference call or presentation 5-Dec-19 1:00pm GMT

    Q4 2019 EMCORE Corp Earnings Call

  • Is EMCORE Corporation (EMKR) A Good Stock To Buy?
    Insider Monkey

    Is EMCORE Corporation (EMKR) A Good Stock To Buy?

    "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]

  • Emcore (EMKR) Reports Q4 Loss, Tops Revenue Estimates
    Zacks

    Emcore (EMKR) Reports Q4 Loss, Tops Revenue Estimates

    Emcore (EMKR) delivered earnings and revenue surprises of -80.00% and 5.49%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    EMCORE Reports Fiscal 2019 Fourth Quarter and Year-End Results

    ALHAMBRA, Calif., Dec. 04, 2019 -- EMCORE Corporation (NASDAQ: EMKR - News), a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today's.