Axcelis Technologies Inc (NASDAQ: ACLS) Emerges As Guiding Light For Investors

Axcelis Technologies Inc (NASDAQ:ACLS) currently has a daily average trading volume of 661.89K but it saw 376793 shares traded in last market. With a market cap of 2.39B USD, the company’s current market price of $73.51 came falling about -1.26 while comparing to the previous closing price of $74.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $158.61 and as low as $69.35. In the recent trading on the day, stock has struck highest price mark of $72.5215 while lowest mark touched by it was $74.5713.

Taking a look at 20-day trading activity of Axcelis Technologies Inc (ACLS) gives us an average price of $79.46, while its current price level is -53.65% below from 52-week high level whereas it is 6.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $90.57 while that of 200 days or SMA-200 reads an average of $109.63. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.78% during that period while stretching the period over a month that increases to 4.07%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.46 which implies that the stock is in neutral territory.

Craig Hallum upgraded its recommendation for the stock as a “Buy” from “Hold” on May 03, 2024 while assigning a price target of $130.

Over the week, ACLS’s stock price is moving 3.54% up while it is -20.18% when we observe its performance for the past one month. Year-to-date it is -43.32% down and over the past year, the stock is showing a downside performance of -41.55%.

Currently, Axcelis Technologies Inc’s total number of outstanding shares is 32.69M. Company’s return on investment (ROI) stands at 21.28% and return on equity (ROE) at 25.00%. It has a price to earnings ratio (P/E ratio) of 10.88 while having a 14.92 of forward P/E ratio. Stock’s beta reads 1.53. Stock has a price to book (P/B) ratio of 2.45 while price to sale or P/S ratio amounts to 2.22. Its return on asset (ROA) is 17.49% on average.