During Monday trading, Axcelis Technologies (NASDAQ:$ACLS) saw a sharp increase in shares trading hands with a trading volume of 0.81 million shares, trading with 4.32% movement for a price of $28.55 per share. The company sits at 0.39 million average volume over the past 3 months. This means that if we divide 0.81 million, the current trade volume, by 0.39 million, the 3-month trade volume, we get a relative volume of 2.10.
The company currently has 29.97 million outstanding shares. These are worth an approximate value of $0,86 billion. The stock also performed well on a 52-week basis. It currently sits at 158.37% over a 52-week low and only 4.20% away from the 52-week high.
What Are the Technical Indicators Saying?
Moving Averages are useful tools for traders. They take an average stock price over any given period of time. This can be used to filter out daily noise and is useful in identifying peaks and valleys in the stock’s price. Shorter time frames, in particular, can be useful for identifying trade swings but are susceptible to erroneous signals through ‘whipsaws’ and fluctuations in price. The 20-day Moving Average is an example of this. The equally common 50-day Moving Average can be useful in showing trends over that time period.
Currently, Axcelis shares are 20.77% above the 20-day moving average and 29.10% above its 50 days moving average.
On a longer scale, the 200-day Moving Average can be useful as well. This average reduces the number of ‘whipsaws’, which is useful, but will take longer to generate signals. Axcelis currently sits an impressive 47.52% above its 200-day Moving Average.
What are Analysts Saying?
On a scale from 1-5, with 1.0 indicating a ‘Strong-Buy’, 3.0 indicating a ‘Hold’, and 5.0 indicating a ‘Strong-Sell’, the stock currently has a 2.20. This is considered a ‘Buy’ rating. Though that isn’t an outright recommendation to buy the stock, it is an indicator of how an analyst feels the stock will perform over the long run.
Another stat we can look at is the Return on Equity. Generally speaking, the higher the ROE, the better, as it represents how well a company generates profits. Axcelis has a ROE of 13.80%. Related, we can look at the Return on Investment. The ROI with positive results indicate that a company’s returns exceed its costs. The current ROI is 6.70%
Finally, we can look at the Return on Assets. The ROA is an important metric that is used to measure how well a company generates profits based on their assets. This can be an indicator of how well the company is managed and is an important stat for shareholders who want to know what sort of profits they will reap from their investments. Axcelis currently sits at a ROA of 9.30%.
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