Axcelis Technologies Inc (NASDAQ: ACLS) has seen a rise in its stock price by 0.38 in relation to its previous close of 141.22. However, the company has experienced a 1.85% gain in its stock price over the last five trading sessions. fool.com reported 2024-07-03 that Axcelis makes equipment that helps produce chips for electric vehicles and industrial applications. The beaten-down electric vehicle market and related stocks got a jolt of good news in June.
Is It Worth Investing in Axcelis Technologies Inc (NASDAQ: ACLS) Right Now?
The price-to-earnings ratio for Axcelis Technologies Inc (NASDAQ: ACLS) is 18.75x, which is above its average ratio. Moreover, the 36-month beta value for ACLS is 1.60. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ACLS is 32.00M and currently, short sellers hold a 5.73% of that float. On July 04, 2024, ACLS’s average trading volume was 525.34K shares.
ACLS’s Market Performance
ACLS stock saw an increase of 1.85% in the past week, with a monthly gain of 27.08% and a quarterly increase of 32.40%. The volatility ratio for the week is 3.48%, and the volatility levels for the last 30 days are 4.52% for Axcelis Technologies Inc (ACLS). The simple moving average for the last 20 days is 5.22% for ACLS stock, with a simple moving average of 12.20% for the last 200 days.
Analysts’ Opinion of ACLS
Many brokerage firms have already submitted their reports for ACLS stocks, with Craig Hallum repeating the rating for ACLS by listing it as a “Buy.” The predicted price for ACLS in the upcoming period, according to Craig Hallum is $130 based on the research report published on May 03, 2024 of the current year 2024.
BofA Securities gave a rating of “Buy” to ACLS, setting the target price at $225 in the report published on September 15th of the previous year.
ACLS Trading at 18.66% 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 -29.48% of loss for the given period.
Volatility was left at 4.52%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares surge +27.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.19% upper at present.
During the last 5 trading sessions, ACLS rose by +1.85%, which changed the moving average for the period of 200-days by -15.26% in comparison to the 20-day moving average, which settled at $136.25. In addition, Axcelis Technologies Inc saw 9.30% 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 ACLS starting from KURTZWEIL JOHN T, who sale 1,200 shares at the price of $114.42 back on May 20 ’24. After this action, KURTZWEIL JOHN T now owns 33,146 shares of Axcelis Technologies Inc, valued at $137,304 using the latest closing price.
Low Russell, the PRESIDENT AND CEO of Axcelis Technologies Inc, purchase 440 shares at $112.39 during a trade that took place back on Mar 11 ’24, which means that Low Russell is holding 57,754 shares at $49,452 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
- 0.45 for the gross margin
The net margin for Axcelis Technologies Inc stands at 0.22. The total capital return value is set at 0.26. Equity return is now at value 31.20, with 20.97 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 3.33. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 50.74.
Currently, EBITDA for the company is 278.86 million with net debt to EBITDA at -0.21. When we switch over and look at the enterprise to sales, we see a ratio of 4.03. The receivables turnover for the company is 5.41for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.00.
Conclusion
To wrap up, the performance of Axcelis Technologies Inc (ACLS) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
