For its third fiscal quarter (ending September 30), QuickLogic Corp (NASDAQ: QUIK) has reported E.P.S. of $0.09 compared to $-0.11 a year ago. This result fell short of the consensus estimate of $0.14 by $-0.05. E.P.S. were $-0.26 for the latest four quarters through September 30 versus $-0.37 for the same period a year ago.
Recent Price Action
QuickLogic Corp (NASDAQ: QUIK) stock closed at $10.00 on 11/14/23 after a large increase of 3.3%. The stock has been exceptionally strong relative to the market over the last nine months and has risen 9.2% during the last week.
Current PriceTarget Research Rating
QUIK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.
QuickLogic has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. QuickLogic has a very low Appreciation Score of 11 but a very high Power Rating of 97, leading to the Neutral Value Trend Rating.
Rating Review
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.
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