With 0.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.86 million shares. The 52-week range on ACRS shows that it touched its highest point at $5.17 and its lowest point at $0.95 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 0.49.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACRS was down-trending over the past week, with a drop of -9.09%, but this was down by -14.29% over a month. Three-month performance dropped to -51.39% while six-month performance rose 73.55%. The stock gained 76.47% in the past year, while it has lost -15.32% so far this year. A look at the trailing 12-month EPS for ACRS yields -0.52 with Next year EPS estimates of -0.62. For the next quarter, that number is -0.29. This implies an EPS growth rate of 35.43% for this year and 24.39% for next year. EPS is expected to grow by 18.64% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.67%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACRS since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.57 being high and -$1.13 being low. For ACRS, this leads to a yearly average estimate of -$0.82. Based on analyst estimates, the high estimate for the next quarter is -$0.21 and the low estimate is -$0.21. The average estimate for the next quarter is thus -$0.21.
