Hopefully you got into Amtech Systems, Inc. (NASDAQ:ASYS) early, as today the stock is trading 4.98% or 0.29 points up from last closing price of $5.82, reaching $6.11 at last check. The ASYS share price has risen in 3 of the last 5 days and is up 18.67% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 51,321 shares, and in total 113621 shares valued at $694224 were seen changing hands compared with 62300 shares valued at $362586 recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the ASYS stock.
Amtech Systems, Inc. (ASYS) shares have notched a 3-month gain of about 18.67%, but has still advanced 28.37% year to date. By comparison, the stock sank -31.91% over the past 12 months, while it slipped -8.28% over the 1 month. The company’s market cap is around $82.98M, with its short interest ratio standing at 6.3%.
In the current trading session for ASYS, the stock witnessed two major price actions, it rose to a high of $6.27 and was down as much as $5.66 at one point. The high recorded is very low when compared to their 52-week high which is $4.03. The 52-week high is now at -25.79 distance from current price. Their recent low of $8.22 represents a 51.36% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ASYS is $6.75, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Amtech Systems, Inc. earned $-0.19 per share in the trailing 12 months and has a P/E ratio of -32.16. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 21.06 and lower compared to the sector’s average of 23.15. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ASYS also has P/S multiple of 0.77. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 3.24x.
The company recorded an interesting insider sale transaction by the CFO on Dec 06, 2018. A Securities and Exchanges Commission filings show that Robert T Hass sold a total of 3,884 ASYS shares that day for a sum of around $19,808. The filings show that the insider now retains 5,466 shares, currently worth $33,397. Amtech Systems, Inc. (ASYS) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 3,884 shares that were traded over a year. In the past 12 months, insiders have purchased zero shares while the seller parted with 3,884 shares.
ASYS‘s last price was up 15.47% as compared to the average trading price of 50 days recorded at $5.29 while enlarging the period to 200 trading days, the average closing price was $6.18. At present, there are 14.27 million in the total number of common shares owned by the public and among those 13.99 million shares have been available to trade. The percentage of shares being held by the company management was 1.76% while institutions stake was 59.9%. The company has generated negative returns on equity over the last 12 months (-12.8%). It managed to keep its gross profit margin at 35.2% over the past 12 months.
When assessing the full upside of the ASYS stock, there is another set of technicals that should be looked into and considered. Its 5.36% gain from moving average of $5.8 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 2.32 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Amtech Systems, Inc. — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 2 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $9.5 on shares of Amtech Systems, Inc. (NASDAQ:ASYS), which corresponds to 55.48% upside potential than its current market price of $6.11 and implies potential despite the recent advance in the price. However, their current target price has fallen from $9.5 a month ago and is down handily from the consensus target of $9.5 a quarter ago.
In the last five years, the EPS of the company has been roughly 16.7%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has risen at an average annualized rate of about 38.4 over the last five years. The company recently recorded a drop of -2.4%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards ASYS stock. Oxford Asset Management LLP added position in the company after it grew 20% or 12,812 shares of its common stock. The hedge fund now owns 15,374 shares worth $93,935, SEC documents show. Commonwealth Equity Services LLC shored up assets in the stock as 24699.33 shares have been purchased, increasing its stake by 50% to 37,049 shares which are currently valued at $226,369. In addition, Pacific Ridge Capital Partners LLC recently reported that it now owns 715,148 shares making a total of $4,369,554 based on the recent price. This refelects a change of 13.5% in their ownership.