Axcelis Technologies Inc. (ACLS) Reached A New High 3 times During The Past Five Days


As of Wednesday close, Axcelis Technologies Inc.’s (NASDAQ:ACLS) stock was up $0.37, moving up 0.47 percent to $79.07. The average number of shares traded per day over the past five days has been 378,660 shares. 3 times new highs have been achieved over the past 5 days, with a $4.68 gain in that time frame. In the last twenty days, the average volume was 388,755, while in the previous 50 days, it was 386,434.

Since last month, ACLS stock rose 36.63%. Shares of the company fell to $53.71 on 10/24/22, the lowest level in the past month. A 52-week high of $83.74 was reached on 03/24/22 after having rallying from a 52-week low of $46.41. Since the beginning of this year, ACLS’s stock price has risen by 6.05% or $4.51, and marked a new high 6 times. However, the stock has declined by -5.57% since its 52-week high.

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ACLS stock investors should be aware that Axcelis Technologies Inc. (ACLS) stock had its last reported insider trading activity 1 day ago on Nov 23. Bintz William J, the EVP, Product Development of the company, disposed of 7,978 shares for $79.24 on Nov 23. It resulted in a $632,213 divestment by the insider. St Dennis Thomas sold 3,000 shares at an average price of $76.66 on Nov 18. The insider now owns 22,625 shares following the transaction. On Nov 15, EVP & Chief Financial Officer BREWER KEVIN J sold 6,500 shares at $79.26 apiece. The transaction was valued at $515,177.

Valuation Metrics

Right now, Axcelis Technologies Inc. (ACLS) has a P/E ratio of about 16.48. The stock’s beta is 1.59. Besides these, the trailing price-to-sales (P/S) ratio of 3.02, the price-to-book (PB) ratio of 4.24, and the price-to-cash flow ratio of 21.37 may also be considered.

Financial Health

In the three months ended June 29, Axcelis Technologies Inc.’s quick ratio stood at 2.60, while its current ratio was 3.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.07, and the total debt-to-equity ratio was 0.08. On the profitability front, the trailing twelve-month gross margin is 44.40% percent. In the year ended June 29, operating margins totaled 23.60%. Based on annual data, ACLS earned $286.44 million in gross profit and brought in $662.43 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.00%. Return on equity (ROE) for the past 12 months was 28.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ACLS’s revenue rose 22.9% to $221.18 million during the quarter, while net income inched up to $229.18 million. While analysts expected Axcelis Technologies Inc. to report $1 quarterly earnings, the actual figure was $1.32 per share, beating the consensus estimate by 32.00%. During the quarter, the company generated $56.09 million in EBITDA. The liabilities of Axcelis Technologies Inc. were 291.37 million at the end of its most recent quarter ended June 29, and its total debt was $57.71 million. The value of shareholders’ equity is $32.85 million.

Technical Picture

This quick technical analysis looks at Axcelis Technologies Inc.’s (ACLS) price momentum. With a historical volatility rate of 35.56%, the RSI 9-day stood at 75.30% on 23 November.

With respect to its five-day moving average, the current Axcelis Technologies Inc. price is up by +6.29% percent or $4.68. At present, ACLS shares trade +34.82% above its 20-day simple moving average and +61.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.21% above its SMA50 and +17.52% above its SMA200.

Stochastic coefficient K was 89.98% and Stochastic coefficient D was 87.66%, while ATR was 3.46. Given the Stochastic reading of 89.92% for the 14-day period, the RSI (14) reading has been calculated as 71.24%. As of today, the MACD Oscillator reading stands at 1.20, while the 14-day reading stands at 3.81.

Analyst Ratings

B. Riley Securities reiterated its a Buy rating on Axcelis Technologies Inc. (NASDAQ: ACLS) in a note to investors. The analysts firm has however raised their price target to $87, representing a possible 3.57% increase in the stock price. Axcelis Technologies Inc. (ACLS) has been rated Buy by analysts. According to 0 brokerage firms, ACLS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Axcelis Technologies Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $90.00, the current consensus forecast for the stock is $77.00 – $95.00. Based on these forecasts, analysts predict Axcelis Technologies Inc. (ACLS) will achieve an average price target of $88.80.


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