The price-to-earnings ratio for Axcelis Technologies Inc (NASDAQ: ACLS) is above average at 13.23x. The 36-month beta value for ACLS is also noteworthy at 1.65. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for ACLS is 32.12M, and at present, short sellers hold a 6.15% of that float. The average trading volume of ACLS on April 19, 2024 was 673.39K shares.
ACLS) stock’s latest price update
The stock price of Axcelis Technologies Inc (NASDAQ: ACLS) has plunged by -3.41 when compared to previous closing price of 101.72, but the company has seen a -9.13% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-11 that AMN, ACLS and GME have been added to the Zacks Rank #5 (Strong Sell) List on April 11, 2024.
ACLS’s Market Performance
Axcelis Technologies Inc (ACLS) has experienced a -9.13% fall in stock performance for the past week, with a -11.61% drop in the past month, and a -21.82% drop in the past quarter. The volatility ratio for the week is 3.09%, and the volatility levels for the past 30 days are at 3.16% for ACLS. The simple moving average for the past 20 days is -9.07% for ACLS’s stock, with a -30.84% simple moving average for the past 200 days.
Analysts’ Opinion of ACLS
BofA Securities, on the other hand, stated in their research note that they expect to see ACLS reach a price target of $225. The rating they have provided for ACLS stocks is “Buy” according to the report published on September 15th, 2023.
Craig Hallum gave a rating of “Hold” to ACLS, setting the target price at $175 in the report published on August 04th of the previous year.
ACLS Trading at -12.43% from the 50-Day Moving Average
After a stumble in the market that brought ACLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.12% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares sank -13.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.32% lower at present.
During the last 5 trading sessions, ACLS fell by -9.13%, which changed the moving average for the period of 200-days by -45.94% in comparison to the 20-day moving average, which settled at $107.31. In addition, Axcelis Technologies Inc saw -24.24% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACLS starting from Low Russell, who purchase 440 shares at the price of $112.39 back on Mar 11 ’24. After this action, Low Russell now owns 57,754 shares of Axcelis Technologies Inc, valued at $49,452 using the latest closing price.
COOGAN JAMES GORDON, the EVP AND CFO of Axcelis Technologies Inc, purchase 100 shares at $112.23 during a trade that took place back on Feb 29 ’24, which means that COOGAN JAMES GORDON is holding 5,991 shares at $11,223 based on the most recent closing price.
Stock Fundamentals for ACLS
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.43 for the gross margin
The net margin for Axcelis Technologies Inc stands at 0.22. The total capital return value is set at 0.27. Equity return is now at value 32.15, with 21.38 for asset returns.
Based on Axcelis Technologies Inc (ACLS), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 3.13. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 49.71.
Currently, EBITDA for the company is 278.86 million with net debt to EBITDA at -0.33. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The receivables turnover for the company is 5.19for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.79.
Conclusion
In summary, Axcelis Technologies Inc (ACLS) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
