Quicklogic Corp (NASDAQ:QUIK) shares traded 7.75% higher at $12.65 on Wall Street last session.
QUIK stock price is now -9.73% away from the 50-day moving average and 6.37% away from the 200-day moving average. The market capitalization of the company currently stands at $182.41M.
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With the price target enhanced from $7 to $8, ROTH Capital Upgraded its rating from Neutral to Buy for Quicklogic Corp (NASDAQ: QUIK). , while ‘ROTH Capital’ rates the stock as ‘Buy’
In other news, SAXE TIMOTHY, SR. VP AND CTO sold 10,000 shares of the company’s stock on May 20 ’24. The stock was sold for $117,640 at an average price of $11.76. Upon completion of the transaction, the SR. VP AND CTO now directly owns 114,934 shares in the company, valued at $1.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 02 ’24, PRESIDENT AND CEO Faith Brian C sold 2,810 shares of the business’s stock. A total of $43,664 was realized by selling the stock at an average price of $15.54. This leaves the insider owning 192,393 shares of the company worth $2.43 million. A total of 8.49% of the company’s stock is owned by insiders.
During the past 12 months, Quicklogic Corp has had a low of $5.60 and a high of $20.75. As of last week, the company has a debt-to-equity ratio of 1.00, a current ratio of 1.22, and a quick ratio of 1.15. According to the stock market information, the enterprise value for the company is $171892976, which is based on a 184.40 price-to-earnings ratio, a 9.22 price-to-earnings-growth ratio, and a beta of 1.55. The fifty day moving average price for QUIK is $13.918 and a two-hundred day moving average price translates $11.91675 for the stock.
The latest earnings results from Quicklogic Corp (NASDAQ: QUIK) was released for 2023-12-31. The net profit margin was 4.65% and return on equity was 5.97% for QUIK. The company reported revenue of $6.01 million for the quarter, compared to $4.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.34 percent.
