QuickLogic Corp (NASDAQ: QUIK) has reported a loss for its third fiscal quarter (ending September 30) of $-0.11 versus a loss $-0.11 for the same period a year ago. This performance was $-0.00 short of the consensus estimate of $-0.11. E.P.S. were $-0.37 for the latest four quarters through September 30 versus $-0.71 for the same period a year ago.
Recent Price Action
QuickLogic Corp (NASDAQ: QUIK) stock closed at $7.29 on 11/15/22 after a very large increase of 5.9%. Moreover, trading volume in this advance was exceptionally high at 344% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, QUIK is expected to be a major Value Builder.
QuickLogic has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. QuickLogic has a very low Appreciation Score of 6 but a very high Power Rating of 91, with the Low Neutral Value Trend Rating the result.
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.