eMagin (EMAN) Earning Somewhat Positive News Coverage, Accern Reports
Media stories about eMagin (NYSE:EMAN) have been trending somewhat positive on Monday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. eMagin earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 47.4249480118077 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- HC Wainwright Analysts Give eMagin Co. (EMAN) a $4.00 Price Target (americanbankingnews.com)
- Zacks: Brokerages Anticipate eMagin Co. (EMAN) Will Announce Quarterly Sales of $6.00 Million (americanbankingnews.com)
- Edited Transcript of EMAN earnings conference call or presentation 10-Aug-17 1:00pm GMT (finance.yahoo.com)
- eMagin Corporation Announces Second Quarter 2017 Financial Results (finance.yahoo.com)
- Zacks: Brokerages Expect eMagin Co. (NYSE:EMAN) to Post -$0.05 EPS (americanbankingnews.com)
EMAN has been the subject of several research reports. HC Wainwright set a $4.00 price target on eMagin and gave the stock a “buy” rating in a report on Friday. Rodman & Renshaw reissued a “buy” rating and set a $4.00 price target on shares of eMagin in a report on Friday, June 23rd. Finally, Zacks Investment Research raised eMagin from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Tuesday, May 9th.
Shares of eMagin (EMAN) traded down 3.261% during trading on Monday, reaching $2.225. The company’s stock had a trading volume of 18,512 shares. The stock has a 50-day moving average of $2.48 and a 200-day moving average of $2.41. eMagin has a 52-week low of $1.85 and a 52-week high of $3.00. The stock’s market cap is $77.77 million.
eMagin (NYSE:EMAN) last announced its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.02. eMagin had a negative net margin of 32.94% and a negative return on equity of 40.94%. The firm had revenue of $5.26 million for the quarter, compared to the consensus estimate of $6 million. Analysts predict that eMagin will post ($0.21) earnings per share for the current fiscal year.
In other news, major shareholder Stillwater Holdings Llc acquired 50,000 shares of eMagin stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $2.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the insider now owns 1,283,501 shares in the company, valued at $2,567,002. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.
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