QuickLogic Corp (NASDAQ: QUIK) has reported a loss for its second fiscal quarter (ending June 30) of $-0.11 versus a loss $-0.17 for the same period a year ago. E.P.S. were $0.14 for the latest four quarters through June 30 versus $-0.46 for the same period a year ago.
Recent Price Action
QuickLogic Corp (NASDAQ: QUIK) stock closed at $9.42 on 8/13/24 after a very large increase of 6.6%. NORMAL trading volume accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 4.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, QUIK is expected to continue to be a major Value Builder.
QuickLogic has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. QuickLogic has a neutral Power Rating of 42 but a poor Appreciation Score of 16, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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