Can Axcelis Technologies Inc’s (ACLS) drop of -11.07% in a week be considered a lucky break?

Axcelis Technologies Inc (NASDAQ: ACLS) on Friday, plunged -7.57% from the previous trading day, before settling in for the closing price of $53.78. Within the past 52 weeks, ACLS’s price has moved between $53.67 and $158.61.

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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 25.95%. The company achieved an average annual earnings per share of -62.22%. With a float of $31.63 million, this company’s outstanding shares have now reached $32.37 million.

The extent of productivity of a business whose workforce counts for 1524 workers is very important to gauge. In terms of profitability, gross margin is 44.67%, operating margin of 20.71%, and the pretax margin is 22.62%.

Axcelis Technologies Inc (ACLS) Insider and Institutional Ownership

Observing investor behavior towards Semiconductor Equipment & Materials industry stocks is more important than anything else. The insider ownership of Axcelis Technologies Inc is 1.64%, while institutional ownership is 96.77%. The most recent insider transaction that took place on Aug 29 ’24, was worth 812,928. Before that another transaction happened on Aug 06 ’24, when Company’s Director sold 6,086 for $109.98, making the entire transaction worth $669,338. This insider now owns 5,891 shares in total.

Axcelis Technologies Inc (ACLS) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around -62.22% per share during the next fiscal year.

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 4.05 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 1.57. Likewise, its price to free cash flow for the trailing twelve months is 12.43.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.14, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 3.76 in one year’s time.

Technical Analysis of Axcelis Technologies Inc (ACLS)

The latest stats from [Axcelis Technologies Inc, ACLS] show that its last 5-days average volume of 0.49 million was inferior to 0.66 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 6.72%. Additionally, its Average True Range was 2.51.

During the past 100 days, Axcelis Technologies Inc’s (ACLS) raw stochastic average was set at 0.05%, which indicates a significant decrease from 0.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.78% in the past 14 days, which was lower than the 45.18% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $62.02, while its 200-day Moving Average is $91.69. Now, the first resistance to watch is $52.42. This is followed by the second major resistance level at $55.14. The third major resistance level sits at $56.50. If the price goes on to break the first support level at $48.34, it is likely to go to the next support level at $46.98. The third support level lies at $44.26 if the price breaches the second support level.

Axcelis Technologies Inc (NASDAQ: ACLS) Key Stats

Market capitalization of the company is 1.60 billion based on 32,154K outstanding shares. Right now, sales total 1,018 M and income totals 200,990 K. The company made 252,420 K in profit during its latest quarter, and 49,960 K in sales during its previous quarter.