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Acacia Research Corporation (ACTG): The long term indicators on the stock call for a Buy today

How have the shares performed?

Acacia Research Corporation (ACTG) saw downtrend of -5.44% in the recent trading with $6.08 being its most recent. The current price level -33.11% lower than the highest price of $9.09 marked by the stock while trading over the past 52-weeks, whereas it is 98.69% higher than the lowest price of $3.06 the company dropped to over past 52-weeks. The latest news story on ACTG appeared in Simply Wall St. under the title “Here’s Why Acacia Research (NASDAQ:ACTG) Can Manage Its Debt Despite Losing Money” on May-19-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -12.89% below one month high and is +19.45% above of the lowest during that time. Looking into the simple moving average, Acacia Research Corporation (ACTG)’s stock stands at a SMA-50 of $5.86 while that of 5-day is reading $6.37.

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 ACTG’s SMA-200 as of now is $5.01.

Acacia Research Corporation Earnings – What Happened With ACTG

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. Acacia Research Corporation (ACTG) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of -5,460.00% for net revenue. During the reported three-month period, company’s sales were $5.8 billion while analysts on average were estimating the same to be $3.75 million.

ACTG – Acacia Research Corporation Stock Earnings Estimates

The perspective of Acacia Research Corporation (NASDAQ:ACTG)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.05 for stock’s EPS in the current quarter. 1 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -2.68.

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 48.51 million. ACTG does have institutional investors; and they hold 77.40% of the stock.

Acacia Research Corporation – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 109,983 shares. On the other hand, ACTG declared 119,738 shares have been sold in 5 insider transactions over the past three months.

As on Mar 30, 2021, Blackrock Inc. was the top most holder in Acacia Research Corporation (NASDAQ:ACTG) with an ownership of 3.04 million shares of the company or 6.16% of the stake worth $20.2 million. The filing also reveals Invesco Ltd. as the second largest holder in the company with a control over 5.26% of the outstanding shares. Its stake is worth $17.24 million for having 2.59 million shares in hand.

Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 5.02% of the outstanding shares. With this there are now 147 institutions which have possession in ACTG’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 Acacia Research Corporation was 3.67 while posting a debt to equity ratio of 0.41. The count was 0.34 for long-term debt to equity ratio.

Acacia Research Corporation’s return on equity, or ROE, is 44.50%, compared to the industry average of 5.06% for Industrials – Specialty Business Services. Although this indicates that ACTG uses its equity well, the metric will vary significantly depending on the industry.

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Technical Analysis of Acacia Research Corporation (NASDAQ:ACTG) 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 Acacia Research Corporation (ACTG), we notice that the stock’s 20-day average volume is at 521,740 shares. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 511,456 shares. And to end, ACTG’s 100-day average volume is 958,952 shares with 50% of the long-term indicators pointing towards Buy for the stock.

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