Axcelis Technologies Inc (NASDAQ:ACLS) price on Friday, April 11, rose 4.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $47.05.
A look at the stock’s price movement, the close in the last trading session was $45.22, moving within a range at $44.115 and $47.24. The beta value (5-Year monthly) was 1.584 while the PE ratio in trailing twelve months stood at 7.66. Turning to its 52-week performance, $158.61 and $40.40 were the 52-week high and 52-week low respectively. Overall, ACLS moved -19.12% over the past month.
Axcelis Technologies Inc’s market cap currently stands at around $1.51 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-09.
Analysts have a consensus estimate of 184.86M for the company’s revenue for the quarter, with a low and high estimate of 184.26M and 185.24M respectively. The average forecast suggests down to a -26.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 785.94M, representing a -22.79% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACLS is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 6 recommend ACLS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ACLS’s current price about -8.20% and -17.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.13, while 7-day volatility ratio is 13.25% and 6.52% in the 30-day chart. Further, Axcelis Technologies Inc (ACLS) has a beta value of 1.52, and an average true range (ATR) of 3.78. Analysts have given the company’s stock an average 52-week price target of $137, forecast between a low of $100 and high of $174. Looking at the price targets, the low is -112.54% off current price level while to achieve the yearly target high, price needs to move -269.82%. Nonetheless, investors will most likely welcome a -191.18% jump to $137 which is the analysts’ median price.
If we refocus on Axcelis Technologies Inc (NASDAQ:ACLS), historical trading data shows that trading volumes averaged 1.0 over the past 10 days and 723.19K over the past 3 months. The company’s latest data on shares outstanding shows there are 32.37 million shares.
The 1.64% of Axcelis Technologies Inc’s shares are in the hands of company insiders while institutional holders own 96.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.7 million on 2025-03-14, giving us a short ratio of 6.92. The data shows that as of 2025-03-14 short interest in Axcelis Technologies Inc (ACLS) stood at 2166.0 of shares outstanding, with shares short falling to 4.75 million registered in 2025-02-14. Current price change has pushed the stock -32.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ACLS stock continues to rise going into the next quarter.
