Quicklogic Corp (NASDAQ: QUIK)’s stock price has gone decline by -13.59 in comparison to its previous close of 9.42, however, the company has experienced a -5.90% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-08-13 that QuickLogic Corporation (NASDAQ:QUIK ) Q2 2024 Earnings Call Transcript August 13, 2024 5:30 PM ET Company Participants Alison Ziegler – IR, Darrow Associates Brian Faith – President and CEO Elias Nader – SVP and CFO Conference Call Participants Rick Neaton – Rivershore Investment Research Richard Shannon – Craig-Hallum Martin Yang – Oppenheimer Operator Ladies and gentlemen, good afternoon. At this time, I would like to welcome everyone to QuickLogic Corporation’s Second Quarter Fiscal 2024 Earnings Results Conference Call.
Is It Worth Investing in Quicklogic Corp (NASDAQ: QUIK) Right Now?
Quicklogic Corp (NASDAQ: QUIK) has a higher price-to-earnings ratio of 64.25x compared to its average ratio. QUIK has 36-month beta value of 1.60. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for QUIK is 13.21M, and currently, short sellers hold a 13.01% ratio of that float. The average trading volume of QUIK on August 14, 2024 was 239.24K shares.
QUIK’s Market Performance
The stock of Quicklogic Corp (QUIK) has seen a -5.90% decrease in the past week, with a -36.36% drop in the past month, and a -32.78% fall in the past quarter. The volatility ratio for the week is 7.06%, and the volatility levels for the past 30 days are at 6.26% for QUIK. The simple moving average for the past 20 days is -21.10% for QUIK’s stock, with a -35.23% simple moving average for the past 200 days.
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 -24.73% 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 -60.77% of loss for the given period.
Volatility was left at 6.26%, however, over the last 30 days, the volatility rate increased by 7.06%, as shares sank -32.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.60% lower at present.
During the last 5 trading sessions, QUIK fell by -6.73%, which changed the moving average for the period of 200-days by -13.81% in comparison to the 20-day moving average, which settled at $10.12. In addition, Quicklogic Corp saw -41.27% 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 QUIK starting from TAUSS GARY H, who sale 938 shares at the price of $13.06 back on Jun 03 ’24. After this action, TAUSS GARY H now owns 17,021 shares of Quicklogic Corp, valued at $12,250 using the latest closing price.
SAXE TIMOTHY, the SR. VP AND CTO of Quicklogic Corp, sale 10,000 shares at $11.76 during a trade that took place back on May 20 ’24, which means that SAXE TIMOTHY is holding 114,934 shares at $117,640 based on the most recent closing price.
Stock Fundamentals for QUIK
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.7 for the gross margin
The net margin for Quicklogic Corp stands at 0.05. The total capital return value is set at 0.06. Equity return is now at value 10.55, with 4.38 for asset returns.
Based on Quicklogic Corp (QUIK), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 4.81.
Currently, EBITDA for the company is 2.23 million with net debt to EBITDA at -1.76. When we switch over and look at the enterprise to sales, we see a ratio of 4.94. The receivables turnover for the company is 5.98for 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 1.21.
Conclusion
To put it simply, Quicklogic Corp (QUIK) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
