How have the shares performed?
SemiLEDs Corporation (LEDS) saw an uptrend of 9.53% in the recent trading with $20.00 being its most recent. The current price level -36.39% lower than the highest price of $31.44 marked by the stock while trading over the past 52-weeks, whereas it is 723.05% higher than the lowest price of $2.43 the company dropped to over past 52-weeks. The latest news story on LEDS appeared in Insider Monkey under the title “10 Best Tech Stocks to Buy Right Now Under $10” on May-07-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -36.39% below one month high and is +253.36% above of the lowest during that time. Looking into the simple moving average, SemiLEDs Corporation (LEDS)’s stock stands at a SMA-50 of $8.33 while that of 5-day is reading $21.70.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and LEDS’s SMA-200 as of now is $4.83.
SemiLEDs Corporation Earnings – What Happened With LEDS
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $1.21 billion.
LEDS – SemiLEDs Corporation Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 4.03 million. LEDS does have institutional investors; and they hold 7.70% of the stock.
SemiLEDs Corporation – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, LEDS declared 11,500 shares have been sold in 1 insider transactions over the past three months.
As on Mar 30, 2021, Renaissance Technologies, LLC was the top most holder in SemiLEDs Corporation (NASDAQ:LEDS) with an ownership of 0.25 million shares of the company or 6.24% of the stake worth $1.15 million. The filing also reveals Squarepoint Ops LLC as the second largest holder in the company with a control over 0.49% of the outstanding shares. Its stake is worth $90274.0 for having 19797.0 shares in hand.
Citadel Advisors LLC also came holding a key position in the company during the recent quarter and it now holds 0.48% of the outstanding shares. With this there are now 6 institutions which have possession in LEDS’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by SemiLEDs Corporation was 0.83 while posting a debt to equity ratio of 4.88. The count was 119.55 for long-term debt to equity ratio.
SemiLEDs Corporation’s return on equity, or ROE, is -71.90%, compared to the industry average of 7.66% for Technology – Semiconductors. Although this indicates that LEDS fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of SemiLEDs Corporation (NASDAQ:LEDS) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for SemiLEDs Corporation (LEDS), we notice that the stock’s 20-day average volume is at 11,130,365 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 9,827,765 shares. And to end, LEDS’s 100-day average volume is 5,233,749 shares with 100% of the long-term indicators pointing towards Buy for the stock.