While Axcelis Technologies Inc has underperformed by -0.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACLS fell by -11.12%, with highs and lows ranging from $201.00 to $105.28, whereas the simple moving average fell by -27.25% in the last 200 days.
On December 15, 2023, BofA Securities Downgraded Axcelis Technologies Inc (NASDAQ: ACLS) to Neutral. A report published by BofA Securities on September 15, 2023, Initiated its previous ‘Buy’ rating for ACLS. Craig Hallum also Downgraded ACLS shares as ‘Hold’, setting a target price of $175 on the company’s shares in a report dated August 04, 2023. William Blair initiated its ‘Outperform’ rating for ACLS, as published in its report on June 05, 2023. Loop Capital’s report from February 28, 2023 suggests a price prediction of $150 for ACLS shares, giving the stock a ‘Buy’ rating. Needham also rated the stock as ‘Buy’.
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Analysis of Axcelis Technologies Inc (ACLS)
Further, the quarter-over-quarter increase in sales is 16.63%, showing a positive trend in the upcoming months.
Axcelis Technologies Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 32.15% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.71, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ACLS has an average volume of 730.09K. On a monthly basis, the volatility of the stock is set at 4.16%, whereas on a weekly basis, it is put at 2.74%, with a loss of -1.94% over the past seven days. Furthermore, long-term investors anticipate a median target price of $159.72, showing growth from the present price of $109.74, which can serve as yet another indication of whether ACLS is worth investing in or should be passed over.
How Do You Analyze Axcelis Technologies Inc Shares?
Semiconductor Equipment & Materials giant Axcelis Technologies Inc (ACLS) is based in the USA and is one of the largest companies in the market. When comparing Axcelis Technologies Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.77, there is a growth in quarterly earnings of 25.80%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.73%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ACLS shares are owned by institutional investors to the tune of 91.31% at present.
