The stock of eMagin Corporation (AMEX:EMAN) increased by $0.01 on Wednesday to $1.97, up 0.51 percent. The last five days have seen an average of 814,444 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $1.1280. The average number of shares traded over the last 20 days was 668,026, while the average volume over the last 50 days totaled 577,466.
EMAN stock dropped -1.50% since last month. On 08/24/23, the company’s shares reached a one-month low of $1.8900. The stock touched a high of $2.49 on 04/11/23, after rallying from a low of $0.58 in 52 weeks. The price of EMAN stock has risen by 131.76% or $1.1280 this year, reaching a new high 22 times. Still, the stock price is down -20.88% from the 52-week high.
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Insider Transactions
EMAN stock investors should be aware that eMagin Corporation (EMAN) stock had its last reported insider trading activity 236 days ago on Jan 06. On Jan 06, 10% Owner STILLWATER HOLDINGS LLC sold 21,605 shares at $0.85 each. This transaction resulted in the insider making $18,299. On Jan 05, STILLWATER HOLDINGS LLC sold 3,500 shares at a price of US$0.82. After the transaction, the insider now owns 2,783,889 shares. 10% Owner STILLWATER HOLDINGS LLC had earlier sold 1,800 shares on Jan 04 for $0.81 a share. The transaction was completed for $1,458.
Valuation Metrics
Beta for the stock is 2.05. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.88, the price-to-book (PB) ratio of 14.07.
Financial Health
For the three months ended June 29, eMagin Corporation’s quick ratio was 1.20, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.58, and the total debt to equity ratio is 1.68. As far as profitability goes, gross margin for the trailing twelve months is 26.20% percent. eMagin Corporation’s EBITDA margin for the year ended June 29 was -0.16%, whereas its operating margin stood at -49.50% for the same period. Based on annual data, it had gross profit of $10.32 million and revenue of $30.53 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EMAN’s return on assets (ROA) during the last 12 months has been -19.10%. There was a -7.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -67.80%.
Earnings Surprise
According to eMagin Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.49 million, while revenues fell by -59.47% to $6.6 million. It was predicted that eMagin Corporation’s quarterly earnings would be -$0.13, but it ended up being -$0.03, beating the consensus by -333.30%. EBITDA was -$10.37 million for the quarter. At the end of eMagin Corporation’s most recent quarter ended June 29, its liabilities totaled 61.53 million, while its total debt was $19.77 million. Equity owned by shareholders amounts to $83.19 million.
Technical Picture
Here’s a quick look at eMagin Corporation’s (EMAN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 53.63%, suggesting the stock is Neutral, with a 13.60% historical volatility rate.
The stochastic %K and %D were 66.11% and 58.15% respectively, while the average true range (ATR) was 0.0255. Based on the 14-day stochastic reading of 73.33%, the RSI (14) reading is 50.78%. On the 9-day MACD Oscillator, the stock is at 0.0107.
Analyst Ratings
In its analyst report released on March 16, 2023, Ladenburg Thalmann began covering eMagin Corporation (AMEX: EMAN). The stock was rated as a Buy by the brokerage firm. Analysts have assigned eMagin Corporation (EMAN) an Hold rating. EMAN is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is EMAN’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.00 and $3.00, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for eMagin Corporation (EMAN) is $2.00.
