QuickLogic Corporation (QUIK) Earns Daily Media Sentiment Rating of 0.27
Media headlines about QuickLogic Corporation (NASDAQ:QUIK) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. QuickLogic Corporation earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 44.7304439714465 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
QUIK has been the topic of several research reports. Roth Capital upgraded shares of QuickLogic Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $1.50 to $2.00 in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of QuickLogic Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine cut shares of QuickLogic Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. QuickLogic Corporation has an average rating of “Hold” and an average target price of $2.50.
Shares of QuickLogic Corporation (NASDAQ:QUIK) traded up 3.11% during trading on Friday, reaching $1.66. 60,363 shares of the company were exchanged. The company’s market capitalization is $132.98 million. The stock’s 50 day moving average is $1.57 and its 200 day moving average is $1.49. QuickLogic Corporation has a 1-year low of $0.76 and a 1-year high of $2.48.
QuickLogic Corporation (NASDAQ:QUIK) last released its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). QuickLogic Corporation had a negative net margin of 130.99% and a negative return on equity of 84.50%. The business had revenue of $3.03 million during the quarter, compared to analyst estimates of $3.20 million. During the same quarter last year, the business earned ($0.07) earnings per share. QuickLogic Corporation’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts anticipate that QuickLogic Corporation will post ($0.17) earnings per share for the current year.
QuickLogic Corporation Company Profile
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company’s solutions primarily target smartphones, wearable devices, tablets, and the Internet-of-Things (IoT). The Company is a fabless semiconductor provider of flexible sensor processing solutions, ultra-low power display bridges, and ultra-low power Field Programmable Gate Arrays (FPGAs).
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