Emcore Corporation (EMKR - Free Report) was a big mover last session, as the company saw its shares rise over 8% on the day. The upside was driven by the company’s announcement of a special dividend of $1.50 for its shareholders. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $5.16 to $6.15 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Emcore Corporation has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the Elect-Manufact Machinery industry is Nikon Corporation (NINOY - Free Report) sporting a Zacks Rank #1 (Strong Buy).
Is EMKR going up? Or down? Predict to see what others think: Up or Down
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Emcore Corporation (EMKR - Free Report) was a big mover last session, as the company saw its shares rise over 8% on the day. The upside was driven by the company’s announcement of a special dividend of $1.50 for its shareholders. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $5.16 to $6.15 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Emcore Corporation has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the Elect-Manufact Machinery industry is Nikon Corporation (NINOY - Free Report) sporting a Zacks Rank #1 (Strong Buy).
Is EMKR going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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