SemiLEDs Corporation (NASDAQ:LEDS) shares, rose in value on Thursday, 05/25/23, with the stock price up by 44.33% to the previous day’s close as strong demand from buyers drove the stock to $2.93.
Actively observing the price movement in the last trading, the stock closed the session at $2.03, falling within a range of $2.06 and $3.47. The value of beta (5-year monthly) was 1.12. Referring to stock’s 52-week performance, its high was $4.28, and the low was $1.49. On the whole, LEDS has fluctuated by 62.78% over the past month.
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With the market capitalization of SemiLEDs Corporation currently standing at about $14.80 million, investors are eagerly awaiting this quarter’s results, scheduled for Jul 10, 2023 – Jul 14, 2023.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LEDS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LEDS currently trading nearly 47.82% and 43.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.96, while the 7-day volatility ratio is showing 16.79% which for the 30-day chart, stands at 9.73%. Furthermore, SemiLEDs Corporation (LEDS)’s beta value is 1.10, and its average true range (ATR) is 0.22.
A comparison of SemiLEDs Corporation (LEDS) with its peers suggests the former has fared considerably weaker in the market. LEDS showed an intraday change of 44.33% in last session, and over the past year, it grew by 28.51%%. In comparison, Koninklijke Philips N.V. (PHG) has moved lower at -1.85% on the day and was down -20.82% over the past 12 months. On the other hand, the price of Taiwan Semiconductor Manufacturing Company Limited (TSM) has risen 12.00% on the day. The stock, however, is off 13.78% from where it was a year ago. Additionally, there is a loss of -2.44% for Wolfspeed Inc. (WOLF) in last trading while the stock has seen an overall depriciation of -26.70%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.88%. Meanwhile, the Dow Jones Industrial Slipped by -0.11%.
Data on historical trading for SemiLEDs Corporation (NASDAQ:LEDS) indicates that the trading volumes over the past 10 days have averaged 0.86 million and over the past 3 months, they’ve averaged 14.92K. According to company’s latest data on outstanding shares, there are 4.87 million shares outstanding.
Nearly 1.70% of SemiLEDs Corporation’s shares belong to company insiders and institutional investors own 1.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21640.0 shares as on May 14, 2023, resulting in a short ratio of 0.83. According to the data, the short interest in SemiLEDs Corporation (LEDS) stood at 0.44% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 5930.0. The stock has risen by 83.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LEDS stock heading into the next quarter.