QuickLogic (QUIK) Stock Dips While Market Gains: Key Facts

Group 1 - QuickLogic's stock closed at $8.07, reflecting a -1.1% change from the previous day, underperforming the S&P 500's daily gain of 0.74% [1] - Over the past month, QuickLogic shares have depreciated by 3.77%, while the Computer and Technology sector gained 3.99% and the S&P 500 gained 3.16% [1] Group 2 - QuickLogic is set to announce its earnings on November 11, 2024, with analysts expecting a loss of -$0.05 per share, representing a year-over-year decline of 138.46% [2] - The consensus estimate for revenue is $4.2 million, down 37.03% from the prior-year quarter [2] Group 3 - For the annual period, Zacks Consensus Estimates project earnings of $0.35 per share and revenue of $24.4 million, indicating increases of +105.88% and +15.11% respectively from the last year [3] Group 4 - Recent adjustments to analyst estimates for QuickLogic are important as they reflect changing near-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [4] Group 5 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have returned an average annual gain of +25% since 1988 [6] - QuickLogic currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [6] Group 6 - QuickLogic is trading at a Forward P/E ratio of 23.31, which is a discount compared to the industry's average Forward P/E of 32.06 [7] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 146, placing it in the bottom 43% of over 250 industries [7]