While Axcelis Technologies Inc has underperformed by -0.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACLS fell by -32.70%, with highs and lows ranging from $158.61 to $85.04, whereas the simple moving average fell by -23.13% in the last 200 days.
On May 03, 2024, Craig Hallum Upgraded Axcelis Technologies Inc (NASDAQ: ACLS) to Buy. A report published by BofA Securities on December 15, 2023, Downgraded its rating to ‘Neutral’ for ACLS. BofA Securities also rated ACLS shares as ‘Buy’, setting a target price of $225 on the company’s shares in an initiating report dated September 15, 2023. Craig Hallum August 04, 2023d the rating to Hold on August 04, 2023, and set its price target from $140 to $175. Needham June 14, 2023d its ‘Buy’ rating to ‘Hold’ for ACLS, as published in its report on June 14, 2023. Loop Capital also rated the stock as ‘Buy’.
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Analysis of Axcelis Technologies Inc (ACLS)
Further, the quarter-over-quarter decrease in sales is -12.23%, showing a negative trend in the upcoming months.
One of the most important indicators of Axcelis Technologies Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 25.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.29, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ACLS is recording 584.48K average volume. On a monthly basis, the volatility of the stock is set at 3.88%, whereas on a weekly basis, it is put at 4.73%, with a gain of 2.10% over the past seven days. Furthermore, long-term investors anticipate a median target price of $138.00, showing growth from the present price of $87.10, which can serve as yet another indication of whether ACLS is worth investing in or should be passed over.
How Do You Analyze Axcelis Technologies Inc Shares?
The Semiconductor Equipment & Materials market is dominated by Axcelis Technologies Inc (ACLS) based in the USA. When comparing Axcelis Technologies Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.88, there is a growth in quarterly earnings of -25.06%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.62%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.15% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ACLS shares are owned by institutional investors to the tune of 97.15% at present.
