eMagin Corporation (AMEX:EMAN) remained unchanged to $2.00 after subtracting $0.0 on Monday. The 5-day average trading volume is 322,562 shares of the company’s common stock. It has gained $2.01 in the past week and touched a new high 4 times within the past 5 days. An average of 475,750 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 803,802.
EMAN’s 1-month performance is 0.50% or $0.01 on its low of $1.97 reached on 07/13/23. The company’s shares have touched a 52-week low of $0.58 and high of $2.49, with the stock’s rally to the 52-week high happening on 04/11/23. YTD, EMAN has achieved 135.29% or $1.15 and has reached a new high 22 times. However, the current price is down -19.68% from the 52-week high price.
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Insider Transactions
EMAN stock investors last saw insider trading activity on Jan 06.STILLWATER HOLDINGS LLC (10% Owner) most recently sold 21,605 shares at $0.85 per share on Jan 06. This transaction cost the insider $18,299. 10% Owner, STILLWATER HOLDINGS LLC, sold 3,500 shares at a price of $0.82 on Jan 05. Then, on Jan 04, 10% Owner STILLWATER HOLDINGS LLC sold 1,800 shares at a price of $0.81 per share. This transaction amounted to $1,458.
Valuation Metrics
EMAN stock has a beta of 2.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.58 while the price-to-book (PB) in the most recent quarter is 7.14.
eMagin Corporation’s quick ratio for the period ended March 30 was 2.30, with the current ratio over the same period at 3.80. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.60, while the total debt to equity was 0.65. In terms of profitability, the gross margin trailing 12 months is 31.30%. The trailing 12-month EBITDA margin is -0.16% while for the period ending March 30, eMagin Corporation’s operating margin was -14.40%. The firm’s gross profit as reported stood at $10.32 million against revenue of $30.53 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 94.66% to -$2.62 million, while revenue of $0.81 million was 130.92% off the previous quarter. Analysts expected EMAN to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.03, representing a -200.00% surprise. EBITDA for the quarter stood at more than -$1.78 million. EMAN stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 50.46 million, with total debt at $14.81 million. Shareholders hold equity totaling $83.04 million.
Let’s look briefly at eMagin Corporation (EMAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 54.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 4.47%.
The stock’s 5-day moving average is $2.00, reflecting a unch or $unch change from its current price. EMAN is currently trading +0.50% above its 20-day SMA, +70.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.50% and SMA200 by+185.71%.
Stochastic %K and %D was 66.67% and 67.59% and the average true range (ATR) pointed at 0.01. The RSI (14) points at 53.88%, while the 14-day stochastic is at 66.67% with the period’s ATR at 0.02. The stock’s 9-day MACD Oscillator is pointing at 0.00 and 0.00 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for eMagin Corporation (AMEX: EMAN), Ladenburg Thalmann launched coverage with a Buy rating. Analysts offering their rating for EMAN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EMAN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is EMAN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $3.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for eMagin Corporation (EMAN) stock is $2.00.
