Earnings is just around the corner for QuickLogic Corporation (NASDAQ:QUIK) as the firm is slated to issue their report on 1/10/2017 4:30:00 PM. The firm has most recently posted quarter over quarter growth of 24.10% and sales growth of -33.30% quarter over quarter.
In terms of the trend lines, QuickLogic Corporation (NASDAQ:QUIK) shares are currently -26.51% off of their 52-week high and 62.67% off from the 52-week low point. The stock is 27.22% from the 200-day moving average and 22.17% from the 50-day average. The Relative Strength Index for the stock stands at 54.81.
Increased volatility should be expected heading into and immediately after the QuickLogic Corporation (NASDAQ:QUIK) earnings report. According to the most recent data, the average true range stands at 0.09 which is a measure of the most recent volatility. The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low). The average volatility for the week stands at 10.70% and 8.05% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 1.01.
So is there any potential upside for the stock if QuickLogic Corporation is able to meet or beat earnings? Analysts, on a consensus basis have a $2.25 on the stock, compared to a recent bid of $1.22. The average broker recommendation yields a score of 2.00, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.
Heading into the earnings report, 0.50% shares are held by company insiders. On the institutional front, 21.40% of QuickLogic Corporation (NASDAQ:QUIK) are owned by firms or funds. Over the past few months, insider transactions have trended 0.00% while institutions saw a change of -49.47% in company stock.
Year to date, QuickLogic Corporation (NASDAQ:QUIK) holders have seen returns of -10.07%. Over the past month the stock moved 31.58% and most recently shares over the past five trading days have moved -10.07%.