The stock of Acacia Research Corp (ACTG) has gone down by -3.69% for the week, with a -6.30% drop in the past month and a 10.89% rise in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are 2.32% for ACTG. The simple moving average for the past 20 days is -2.77% for ACTG’s stock, with a 19.37% simple moving average for the past 200 days.
Is It Worth Investing in Acacia Research Corp (NASDAQ: ACTG) Right Now?
Acacia Research Corp (NASDAQ: ACTG) has a price-to-earnings ratio of 16.47x that is above its average ratio. Additionally, the 36-month beta value for ACTG is 0.50. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 1 rating it as “sell.”
The public float for ACTG is 98.40M and currently, short sellers hold a 0.73% ratio of that float. The average trading volume of ACTG on May 10, 2024 was 231.39K shares.
ACTG) stock’s latest price update
Acacia Research Corp (NASDAQ: ACTG)’s stock price has plunge by -6.66relation to previous closing price of 5.18. Nevertheless, the company has seen a -3.69% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-18 that Penny stocks are those that trade under $5. We’ll call stocks that trade between $5 and $10 near-penny stocks.
Analysts’ Opinion of ACTG
Many brokerage firms have already submitted their reports for ACTG stocks, with Craig Hallum repeating the rating for ACTG by listing it as a “Buy.” The predicted price for ACTG in the upcoming period, according to Craig Hallum is $4 based on the research report published on May 22, 2020 of the previous year 2020.
Barclays, on the other hand, stated in their research note that they expect to see ACTG reach a price target of $6, previously predicting the price at $4. The rating they have provided for ACTG stocks is “Underweight” according to the report published on July 29th, 2016.
ACTG Trading at -0.04% from the 50-Day Moving Average
After a stumble in the market that brought ACTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.61% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -6.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.58% upper at present.
During the last 5 trading sessions, ACTG fell by -6.18%, which changed the moving average for the period of 200-days by +19.24% in comparison to the 20-day moving average, which settled at $4.96. In addition, Acacia Research Corp saw 23.34% 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 ACTG starting from Soncini Jason W., who purchase 12,500 shares at the price of $3.96 back on May 26 ’23. After this action, Soncini Jason W. now owns 156,043 shares of Acacia Research Corp, valued at $49,500 using the latest closing price.
McNulty Martin D. Jr., the Interim CEO of Acacia Research Corp, purchase 40,000 shares at $3.75 during a trade that took place back on May 24 ’23, which means that McNulty Martin D. Jr. is holding 100,000 shares at $150,000 based on the most recent closing price.
Stock Fundamentals for ACTG
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.71 for the gross margin
The net margin for Acacia Research Corp stands at -0.1. The total capital return value is set at -0.0. Equity return is now at value 11.45, with 9.01 for asset returns.
Based on Acacia Research Corp (ACTG), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 727.56.
Currently, EBITDA for the company is 35.91 million with net debt to EBITDA at 213.68. When we switch over and look at the enterprise to sales, we see a ratio of -17.88. The receivables turnover for the company is 1.59for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 21.40.
Conclusion
In conclusion, Acacia Research Corp (ACTG) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
