QuickLogic (QUIK) Surpasses Market Returns: Some Facts Worth Knowing

Core Viewpoint - QuickLogic's stock performance has been underwhelming compared to broader market indices, with a significant decline over the past month and a projected drop in earnings and revenue for the upcoming quarter [1][2]. Group 1: Stock Performance - QuickLogic closed at $7.94, reflecting a gain of 1.15% from the previous trading session, outperforming the S&P 500's gain of 0.72% [1] - Over the last month, QuickLogic's shares have decreased by 34.03%, contrasting with the Computer and Technology sector's loss of 1.35% and the S&P 500's gain of 1.02% [1] Group 2: Earnings Projections - The upcoming EPS for QuickLogic is projected at $0.03, indicating an 83.33% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is expected to be $6.1 million, down 18.45% from the previous year [2] Group 3: Analyst Projections - Recent shifts in analyst projections for QuickLogic are important for investors, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation [3] Group 4: Valuation Metrics - QuickLogic's Forward P/E ratio stands at 37.38, which is a premium compared to the industry's average Forward P/E of 24.24 [6] - The Electronics - Semiconductors industry, which includes QuickLogic, has a Zacks Industry Rank of 85, placing it in the top 34% of over 250 industries [6] Group 5: Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks producing an average annual return of +25% since 1988 [5] - QuickLogic currently holds a Zacks Rank of 3 (Hold), with no changes in the consensus EPS estimate over the last 30 days [5]