While Quicklogic Corp has overperformed by 2.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QUIK rose by 175.43%, with highs and lows ranging from $20.75 to $5.09, whereas the simple moving average jumped by 46.61% in the last 200 days.
On May 19, 2021, ROTH Capital Upgraded Quicklogic Corp (NASDAQ: QUIK) to Buy. A report published by Oppenheimer on August 15, 2019, Initiated its previous ‘Outperform’ rating for QUIK. ROTH Capital also reiterated QUIK shares as ‘Buy’, quoting a target price of $2.50 on the company’s shares in a report dated January 19, 2018. ROTH Capital May 11, 2017d its ‘Buy’ rating to ‘Neutral’ for QUIK, as published in its report on May 11, 2017. The Benchmark Company also rated the stock as ‘Speculative Buy’.
Analysis of Quicklogic Corp (QUIK)
Further, the quarter-over-quarter increase in sales is 83.13%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Quicklogic Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -1.83% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.09, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and QUIK is recording an average volume of 249.65K. On a monthly basis, the volatility of the stock is set at 7.34%, whereas on a weekly basis, it is put at 4.39%, with a loss of -1.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.00, showing decline from the present price of $16.03, which can serve as yet another indication of whether QUIK is worth investing in or should be passed over.
How Do You Analyze Quicklogic Corp Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 8.65%. 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 25.65% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
QUIK shares are owned by institutional investors to the tune of 25.65% at present.
