Acacia Communications Inc. (ACIA): Is it worth Buying?

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Acacia Communications Inc. (NASDAQ:ACIA) changes shares on Wednesday trading session, with a change of 0.09% or $0.06 shares. The trading starts at $68.21 and closed at $68.35 throughout the day. The trading session low price was $68.16 and day high was $68.50 on Wednesday, June 24. After the session, the Technology sector daily volume shifted to 0.57 million while its average volume is 693.49K. In other hand, the ACIA market cap reached to $2.86B. While, its current target price is $68.41 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.50% and up 1.24% for month. Its quarterly performance was 3.04% above, while its half year performance is up 1.12%. ACIA yearly performance stood at positive 52.19% and rise 0.88% for year-to-date. Current recommendation for Acacia Communications Inc. is 2.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ACIA EPS (TTM) for 12-month is 0.97. EPS for this year is 559.20%, while for the next year its value is 2.45. Its EPS Q/Q reached 118.60%. It has an EPS of 73.90% up for past five years and for the next five years will be down -12.00%.

Let’s take a look on the analyst recommendations on ACIA for the current month and previous month. For the current month, 0 of 4 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 4 analysts participate in stock recommendation. Out of 4, 0 rated it sell, 0 rated it as Buy and 4 as Hold Ratings. On the other hand, target price ranges from $70.00-$70.00. Average target price for ACIA was reached at $70.00.

Vanguard Group, Inc. (The), Blackrock Inc. and Magnetar Financial LLC are the top three holders in Acacia Communications Inc. (ACIA) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 3.67 million shares which valued 246.49 million. On Mar 30, 2020, Blackrock Inc. owned 2.72 million shares which valued at 183.06 million. On Mar 30, 2020, Magnetar Financial LLC has a total of 1.79 million shares which valued at 120.02 million. In the end, Magnetar Financial LLC have 4.28% shares outstanding of Acacia Communications Inc. (ACIA) on Mar 30, 2020. The insider ownership moved to 6.10% and institutional holding shifted to 83.20%.

The company posted an EPS (TTM) of 0.97. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 0.51, while 0.42 EPS posted a year ago period. Analyst Estimated EPS for ACIA published in the report was 0.43-0.57 during the same period. Comparing with last year, the average estimated EPS was 0.42 which is lower than 0.54 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ACIA rise 2.15% for period of 200 days. SMA for 50 days was 0.78% which is showing green signal, while SMA-20 was 1.02%. The moving average value for Acacia Communications Inc. (ACIA) is 67.67 and 67.81 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ACIA stock. On Jun 18, Murphy Francis J, VP, Finance and PAO, sold 82 trading shares at the cost of $68.00, which valued at 5576.0. On Jun 02, Murphy Francis J, VP, Finance and PAO, sold 599 shares at the cost of $67.50, with total shares of 29,970. On May 13, Givehchi Mehrdad, VP of Hardware and Software, sold 5,575 shares at the cost of 68.25. After this transaction, Givehchi Mehrdad total shares reached to 315,744 which valued at 0.38 million.