eMagin Co. (NYSE:EMAN) has been given a $4.00 price objective by investment analysts at HC Wainwright in a research report issued on Friday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. HC Wainwright’s price target would indicate a potential upside of 77.78% from the company’s previous close.
Several other brokerages have also recently issued reports on EMAN. Zacks Investment Research cut shares of eMagin from a “buy” rating to a “sell” rating in a research note on Tuesday, May 16th. Rodman & Renshaw reissued a “buy” rating and set a $4.00 price objective on shares of eMagin in a research note on Friday, June 23rd.
eMagin (NYSE EMAN) opened at 2.25 on Friday. eMagin has a 12 month low of $1.85 and a 12 month high of $3.00. The stock’s market capitalization is $71.22 million. The company has a 50-day moving average price of $2.48 and a 200 day moving average price of $2.41.
eMagin (NYSE:EMAN) last released its earnings results on Thursday, August 10th. The semiconductor company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. eMagin had a negative return on equity of 40.94% and a negative net margin of 32.94%. Equities analysts predict that eMagin will post ($0.21) earnings per share for the current year.
In other eMagin news, major shareholder Stillwater Holdings Llc purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $2.00 per share, with a total value of $100,000.00. Following the transaction, the insider now owns 1,283,501 shares in the company, valued at $2,567,002. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.
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