In the past week, QUIK stock has gone up by 11.01%, with a monthly decline of -8.55% and a quarterly surge of 24.10%. The volatility ratio for the week is 9.81%, and the volatility levels for the last 30 days are 5.62% for Quicklogic Corp The simple moving average for the past 20 days is 4.64% for QUIK’s stock, with a 22.29% simple moving average for the past 200 days.
Is It Worth Investing in Quicklogic Corp (NASDAQ: QUIK) Right Now?
The stock has a 36-month beta value of 1.61. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for QUIK is 13.16M, and at present, short sellers hold a 10.54% of that float. On May 02, 2024, the average trading volume of QUIK was 303.51K shares.
QUIK) stock’s latest price update
The stock of Quicklogic Corp (NASDAQ: QUIK) has decreased by -8.73 when compared to last closing price of 15.46.Despite this, the company has seen a gain of 11.01% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that In the most recent trading session, QuickLogic (QUIK) closed at $15.46, indicating a +0.62% shift from the previous trading day.
Analysts’ Opinion of QUIK
Many brokerage firms have already submitted their reports for QUIK stocks, with ROTH Capital repeating the rating for QUIK by listing it as a “Buy.” The predicted price for QUIK in the upcoming period, according to ROTH Capital is $8 based on the research report published on May 19, 2021 of the previous year 2021.
ROTH Capital gave a rating of “Buy” to QUIK, setting the target price at $2.50 in the report published on January 19th of the previous year.
QUIK Trading at -5.17% from the 50-Day Moving Average
After a stumble in the market that brought QUIK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.00% of loss for the given period.
Volatility was left at 5.62%, however, over the last 30 days, the volatility rate increased by 9.81%, as shares sank -6.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.72% upper at present.
During the last 5 trading sessions, QUIK rose by +11.01%, which changed the moving average for the period of 200-days by +53.87% in comparison to the 20-day moving average, which settled at $13.43. In addition, Quicklogic Corp saw 1.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QUIK starting from Faith Brian C, who sale 2,810 shares at the price of $15.54 back on Apr 02 ’24. After this action, Faith Brian C now owns 192,393 shares of Quicklogic Corp, valued at $43,664 using the latest closing price.
Nader Elias, the CFO, SVP FINANCE of Quicklogic Corp, sale 2,474 shares at $15.54 during a trade that took place back on Apr 02 ’24, which means that Nader Elias is holding 44,207 shares at $38,449 based on the most recent closing price.
Stock Fundamentals for QUIK
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.68 for the gross margin
The net margin for Quicklogic Corp stands at -0.01. The total capital return value is set at 0.0. Equity return is now at value -1.83, with -0.65 for asset returns.
Based on Quicklogic Corp (QUIK), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.28. The interest coverage ratio of the stock is 0.21.
Currently, EBITDA for the company is 2.23 million with net debt to EBITDA at -2.89. When we switch over and look at the enterprise to sales, we see a ratio of 9.47. The receivables turnover for the company is 3.29for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
To sum up, Quicklogic Corp (QUIK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
