Axcelis Technologies Inc [ACLS] stock prices are up 11.83% to $114.83 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ACLS shares have gain 1.78% over the last week, with a monthly amount drifted -25.93%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Axcelis Technologies Inc [NASDAQ: ACLS] stock has seen the most recent analyst activity on May 03, 2024, when Craig Hallum upgraded its rating to a Buy but kept the price target unchanged to $130 for it. Previously, BofA Securities downgraded its rating to Neutral on December 15, 2023. On September 15, 2023, BofA Securities initiated with a Buy rating and assigned a price target of $225 on the stock. Craig Hallum downgraded its rating to a Hold and increased its price target to $175 on August 04, 2023. Needham downgraded its rating to a Hold. In a note dated February 28, 2023, Loop Capital initiated an Buy rating and provided a target price of $150 on this stock.
The stock price of Axcelis Technologies Inc [ACLS] has been fluctuating between $93.77 and $196.03 over the past year. Currently, Wall Street analysts expect the stock to reach $137 within the next 12 months. Axcelis Technologies Inc [NASDAQ: ACLS] shares were valued at $114.83 at the most recent close of the market. An investor can expect a potential return of 19.31% based on the average ACLS price forecast.
Analyzing the ACLS fundamentals
The Axcelis Technologies Inc [NASDAQ:ACLS] reported sales of 1.11B for trailing twelve months, representing a drop of -6.37%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.27 and Total Capital is 0.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 108.64 points at the first support level, and at 102.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 118.12, and for the 2nd resistance point, it is at 121.42.
Ratios To Look Out For
It’s worth pointing out that Axcelis Technologies Inc [NASDAQ:ACLS]’s Current Ratio is 4.42. On the other hand, the Quick Ratio is 3.26, and the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 3.37, the price to book ratio is 4.01 and price to earnings (TTM) ratio is 15.82.
Transactions by insiders
Recent insider trading involved JORGE TITINGER, Director, that happened on Aug 06 ’24 when 6086.0 shares were purchased. Director, Titinger Jorge completed a deal on Aug 06 ’24 to sell 6086.0 shares. Meanwhile, Director KURTZWEIL JOHN T sold 1200.0 shares on May 20 ’24.
