QuickLogic (QUIK) Stock Declines While Market Improves: Some Information for Investors

Company Performance - QuickLogic's stock closed at $6.72, reflecting a -4.27% change from the previous day, underperforming compared to the S&P 500's daily gain of 1.23% [1] - Over the past month, QuickLogic's shares have increased by 14.71%, while the Computer and Technology sector gained 3.49% and the S&P 500 gained 2.45% [1] Earnings Estimates - QuickLogic's upcoming earnings per share (EPS) are projected to be -$0.21, indicating a 250% decrease from the same quarter last year [2] - The consensus estimate for revenue is $2.1 million, down 50.82% from the prior-year quarter [2] - For the entire year, the Zacks Consensus Estimates forecast an EPS of -$0.38 and revenue of $15.7 million, reflecting changes of -1050% and -21.94% compared to the previous year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for QuickLogic are crucial as they reflect short-term business trends [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks QuickLogic at 3 (Hold) [6] - The Zacks Rank has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988 [6] Industry Context - QuickLogic operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector [7] - The industry currently holds a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]