Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $15.800 on Axcelis Technologies, Inc. (NASDAQ:ACLS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.370 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Axcelis Technologies, Inc. (NASDAQ:ACLS) stands at 30.566.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Axcelis Technologies, Inc., the PEG ratio for coming 3-5 years is 1.590.
The technical analysis highlights that Axcelis Technologies, Inc. current is trading $0.717 points away or +6.576% from its 50-day moving average of $10.898. Further it is trading $0.972 or +9.134% away its 200-day moving average of $10.643.
The 52-week high of Axcelis Technologies, Inc. (NASDAQ:ACLS) was $14.000 while lowest point recorded in 52-week was $7.160. It implies if stock price makes a movement of over $-2.385, it will record a new 52-week high. In the case of +62.221% drop, it will touch a new 52-week low.
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