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QuickLogic (QUIK) Stock Slides as Market Rises: Facts to Know Before You Trade
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QuickLogic (QUIK - Free Report) closed at $11.65 in the latest trading session, marking a -1.85% move from the prior day. This change lagged the S&P 500's 0.66% gain on the day. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Prior to today's trading, shares of the maker of chips for mobile and portable electronics manufacturers had gained 10.32% outpaced the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance of QuickLogic in its upcoming release. The company is forecasted to report an EPS of -$0.05, showcasing a 73.68% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $5.5 million, indicating a 170.94% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.06 per share and a revenue of $24 million, demonstrating changes of +88.68% and +74.24%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for QuickLogic. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, QuickLogic holds a Zacks Rank of #4 (Sell).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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QuickLogic (QUIK) Stock Slides as Market Rises: Facts to Know Before You Trade
QuickLogic (QUIK - Free Report) closed at $11.65 in the latest trading session, marking a -1.85% move from the prior day. This change lagged the S&P 500's 0.66% gain on the day. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Prior to today's trading, shares of the maker of chips for mobile and portable electronics manufacturers had gained 10.32% outpaced the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance of QuickLogic in its upcoming release. The company is forecasted to report an EPS of -$0.05, showcasing a 73.68% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $5.5 million, indicating a 170.94% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.06 per share and a revenue of $24 million, demonstrating changes of +88.68% and +74.24%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for QuickLogic. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, QuickLogic holds a Zacks Rank of #4 (Sell).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 72, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.