Ebix, Inc. (EBIX) Touches $81.75 High on Jan, 14; Emcore (EMKR) Has 1.1 Sentiment

January 14, 2018 - By Migdalia James

The stock of Ebix, Inc. (NASDAQ:EBIX) reached all time high today, Jan, 14 and still has $89.11 target or 9.00% above today’s $81.75 share price. This indicates more upside for the $2.57 billion company. This technical setup was reported by Barchart.com. If the $89.11 PT is reached, the company will be worth $231.39 million more. The stock increased 0.68% or $0.55 during the last trading session, reaching $81.75. About 108,097 shares traded. Ebix, Inc. (NASDAQ:EBIX) has risen 21.95% since January 14, 2017 and is uptrending. It has outperformed by 5.25% the S&P500.

EMCORE Corporation, together with its subsidiaries, designs, makes, and sells indium phosphide optical chips, components, subsystems, and systems for the broadband and specialty fiber optics market worldwide. The company has market cap of $182.44 million. It offers DFB laser modules and diodes, laser and avalanche chips, optical receivers, and broadband photodiodes for use in telecommunication, cable television, fiber-to-the-premises, defense and homeland security, satellite communication and broadcast, and professional audio/video applications. It has a 22.34 P/E ratio. The firm sells its products through direct sales force, application engineers, third party sales representatives, and distributors.

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $426,072 activity.

The stock decreased 3.93% or $0.275 during the last trading session, reaching $6.725. About 189,553 shares traded. EMCORE Corporation (EMKR) has risen 148.03% since January 14, 2017 and is uptrending. It has outperformed by 131.33% the S&P500.

Analysts await EMCORE Corporation (NASDAQ:EMKR) to report earnings on February, 6. They expect $0.04 EPS, down 60.00% or $0.06 from last year’s $0.1 per share. EMKR’s profit will be $1.09M for 42.03 P/E if the $0.04 EPS becomes a reality. After $0.09 actual EPS reported by EMCORE Corporation for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

P.A.W. Capital Corp holds 2.75% of its portfolio in EMCORE Corporation for 320,000 shares. Rk Capital Management Llc owns 1.12 million shares or 2.13% of their US portfolio. Moreover, S Squared Technology Llc has 2.1% invested in the company for 303,044 shares. The Oregon-based Orca Investment Management Llc has invested 2.06% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 239,682 shares.

Ratings analysis reveals 100% of Emcore’s analysts are positive. Out of 2 Wall Street analysts rating Emcore, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $7.5 while the high is $12.0. The stock’s average target of $9.75 is 44.98% above today’s ($6.725) share price. EMKR was included in 2 notes of analysts from October 20, 2016. The rating was initiated by Dougherty & Company on Thursday, October 20 with “Buy”. The firm has “Buy” rating given on Wednesday, February 8 by Lake Street.

Among 2 analysts covering Ebix (NASDAQ:EBIX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ebix had 4 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Buy” rating by William Blair given on Thursday, September 28. Zacks upgraded the shares of EBIX in report on Tuesday, August 11 to “Hold” rating. Craig Hallum maintained Ebix, Inc. (NASDAQ:EBIX) rating on Thursday, November 9. Craig Hallum has “Buy” rating and $87.0 target.

Analysts await Ebix, Inc. (NASDAQ:EBIX) to report earnings on February, 27. They expect $0.75 earnings per share, down 1.32% or $0.01 from last year’s $0.76 per share. EBIX’s profit will be $23.59 million for 27.25 P/E if the $0.75 EPS becomes a reality. After $0.76 actual earnings per share reported by Ebix, Inc. for the previous quarter, Wall Street now forecasts -1.32% negative EPS growth.

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>