The Director Of Acacia Research Corporation (ACTG) Purchased 6,283 Shares


As of Wednesday close, Acacia Research Corporation’s (NASDAQ:ACTG) stock was up $0.14, moving up 3.55 percent to $4.08. The average number of shares traded per day over the past five days has been 189,120 shares. 4 times new highs have been achieved over the past 5 days, with a $0.15 gain in that time frame. In the last twenty days, the average volume was 342,585, while in the previous 50 days, it was 304,038.

Since last month, ACTG stock rose 5.43%. Shares of the company fell to $3.69 on 10/24/22, the lowest level in the past month. A 52-week high of $5.41 was reached on 01/03/22 after having rallying from a 52-week low of $3.30. Since the beginning of this year, ACTG’s stock price has dropped by -20.47% or -$1.05, and marked a new high 1 time. However, the stock has declined by -24.58% since its 52-week high.

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ACTG stock investors should be aware that Acacia Research Corporation (ACTG) stock had its last reported insider trading activity 339 days ago on Dec 20. Booth Marc W., the Chief IP Officer of the company, disposed of 6,283 shares for $4.71 on Dec 20. It resulted in a $29,600 divestment by the insider. Soncini Jason W. added 11,000 shares at an average price of $5.05 on Dec 17. The insider now owns 78,500 shares following the transaction. On Dec 17, Chief Financial Officer Rosenstein Richard Jay bought 25,000 shares at $5.10 apiece. The transaction was valued at $127,452.

Valuation Metrics

The stock’s beta is 0.41. Besides these, the trailing price-to-sales (P/S) ratio of 1.63, the price-to-book (PB) ratio of 0.74.

The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250.

Financial Health

In the three months ended September 29, Acacia Research Corporation’s quick ratio stood at 3.60, while its current ratio was 3.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 74.90% percent. Based on annual data, ACTG earned $51.95 million in gross profit and brought in $88.05 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ACTG’s revenue rose 90.05% to $16.72 million during the quarter, while net income inched up to $15.88 million. While analysts expected Acacia Research Corporation to report -$0.04 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by 75.00%. During the quarter, the company generated -$7.97 million in EBITDA. The liabilities of Acacia Research Corporation were 184.31 million at the end of its most recent quarter ended September 29, and its total debt was $65.09 million. The value of shareholders’ equity is $43.54 million.

Technical Picture

This quick technical analysis looks at Acacia Research Corporation’s (ACTG) price momentum. With a historical volatility rate of 27.16%, the RSI 9-day stood at 64.44% on 23 November.

With respect to its five-day moving average, the current Acacia Research Corporation price is up by +3.82% percent or $0.15. At present, ACTG shares trade +4.08% above its 20-day simple moving average and -14.29% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.16% below its SMA50 and -7.69% below its SMA200.

Stochastic coefficient K was 48.02% and Stochastic coefficient D was 28.66%, while ATR was 0.14. Given the Stochastic reading of 86.67% for the 14-day period, the RSI (14) reading has been calculated as 58.32%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.02.

Analyst Ratings

Craig Hallum launched its rating on Acacia Research Corporation (NASDAQ: ACTG) to a Buy in a note to investors on May 22, 2020. Acacia Research Corporation (ACTG) has been rated Buy by analysts. According to 0 brokerage firms, ACTG 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 Acacia Research Corporation stock as buy, with 1 recommending it as overweight.

With a median target price of $8.00, the current consensus forecast for the stock is $8.00 – $8.00. Based on these forecasts, analysts predict Acacia Research Corporation (ACTG) will achieve an average price target of $8.00.


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