A look at Axcelis Technologies Inc’s (ACLS) recent performance gives investors their first glimpse of hope.

Axcelis Technologies Inc (NASDAQ: ACLS) on Friday, plunged -5.75% from the previous trading day, before settling in for the closing price of $112.82. Within the past 52 weeks, ACLS’s price has moved between $93.77 and $196.03.

During the last 5-year period, the sales growth of Technology Sector giant was 23.45%. The company achieved an average annual earnings per share of -18.41%. With a float of $32.08 million, this company’s outstanding shares have now reached $32.69 million.

Let’s determine the extent of company efficiency that accounts for 1620 employees.

Axcelis Technologies Inc (ACLS) Insider Activity

Observing investor behavior towards Semiconductor Equipment & Materials industry stocks is more important than anything else. The insider ownership of Axcelis Technologies Inc is 1.65%, while institutional ownership is 93.79%. The most recent insider transaction that took place on May 20 ’24, was worth 137,304. In this transaction Director of this company sold 1,200 shares at a rate of $114.42, taking the stock ownership to the 33,146 shares. Before that another transaction happened on Mar 11 ’24, when Company’s PRESIDENT AND CEO bought 440 for $112.39, making the entire transaction worth $49,452. This insider now owns 57,754 shares in total.

Axcelis Technologies Inc (ACLS) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -18.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.50% during the next five years compared to 40.64% growth over the previous five years of trading.

Axcelis Technologies Inc (NASDAQ: ACLS) Trading Performance Indicators

Axcelis Technologies Inc (ACLS) is currently performing well based on its current performance indicators. A quick ratio of 3.26 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.12. Likewise, its price to free cash flow for the trailing twelve months is 22.70.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.26, a number that is poised to hit 1.43 in the next quarter and is forecasted to reach 7.40 in one year’s time.

Technical Analysis of Axcelis Technologies Inc (ACLS)

Looking closely at Axcelis Technologies Inc (NASDAQ: ACLS), its last 5-days average volume was 1.14 million, which is a jump from its year-to-date volume of 0.64 million. As of the previous 9 days, the stock’s Stochastic %D was 20.96%. Additionally, its Average True Range was 8.04.

During the past 100 days, Axcelis Technologies Inc’s (ACLS) raw stochastic average was set at 19.37%, which indicates a significant increase from 7.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.03% in the past 14 days, which was higher than the 53.43% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $130.84, while its 200-day Moving Average is $123.30. However, in the short run, Axcelis Technologies Inc’s stock first resistance to watch stands at $108.87. Second resistance stands at $111.41. The third major resistance level sits at $114.41. If the price goes on to break the first support level at $103.33, it is likely to go to the next support level at $100.33. Should the price break the second support level, the third support level stands at $97.79.

Axcelis Technologies Inc (NASDAQ: ACLS) Key Stats

Market capitalization of the company is 3.47 billion based on 32,532K outstanding shares. Right now, sales total 1,131 M and income totals 246,260 K. The company made 252,370 K in profit during its latest quarter, and 51,600 K in sales during its previous quarter.