For its second fiscal quarter (ending June 30), Axcelis Technologies Inc. (NASDAQ: ACLS) has reported E.P.S. of $1.56 compared to $1.88 a year ago. E.P.S. were $7.32 for the latest four quarters through June 30 versus $6.30 for the same period a year ago.
Recent Price Action
On 7/31/24, Axcelis Technologies Inc. (NASDAQ: ACLS) stock enjoyed a very large increase of 7.7%, closing at $126.35. Moreover, trading volume in this advance was unusually high at 162% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.4% during the last week.
Current PriceTarget Research Rating
ACLS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Axcelis Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Axcelis Technologies has a neutral Appreciation Score of 51 and a neutral Power Rating of 46, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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