What’s QuickLogic Corporation (QUIK) Downside After Touching 52-Week Low?

QuickLogic Corporation (NASDAQ:QUIK) Logo

Investors sentiment increased to 1.06 in Q2 2019. Its up 0.46, from 0.6 in 2019Q1. It increased, as 4 investors sold QuickLogic Corporation shares while 12 reduced holdings. 8 funds opened positions while 9 raised stakes. 16.70 million shares or 4.40% more from 16.00 million shares in 2019Q1 were reported.
Hrt Fincl Llc has invested 0% in QuickLogic Corporation (NASDAQ:QUIK). California Pub Employees Retirement Systems owns 119,100 shares for 0% of their portfolio. Captrust Financial Advsr invested 0% of its portfolio in QuickLogic Corporation (NASDAQ:QUIK). Malaga Cove Ltd Liability Co reported 0.01% in QuickLogic Corporation (NASDAQ:QUIK). Goldman Sachs Gru, New York-based fund reported 16,630 shares. Susquehanna Grp Ltd Liability Partnership has 0% invested in QuickLogic Corporation (NASDAQ:QUIK). Morgan Stanley accumulated 4,412 shares. Awm Invest Inc has invested 0.6% of its portfolio in QuickLogic Corporation (NASDAQ:QUIK). Moors & Cabot invested in 12,000 shares or 0% of the stock. Geode Cap Lc holds 0% of its portfolio in QuickLogic Corporation (NASDAQ:QUIK) for 569,061 shares. Mariner Lc holds 18,750 shares. Comml Bank Of Mellon, New York-based fund reported 70,198 shares. Nj State Employees Deferred Compensation Plan has 0.03% invested in QuickLogic Corporation (NASDAQ:QUIK). Royal Bancorporation Of Canada reported 14,700 shares. Tru Of Vermont invested 0% of its portfolio in QuickLogic Corporation (NASDAQ:QUIK).

The stock of QuickLogic Corporation (NASDAQ:QUIK) hit a new 52-week low and has $0.32 target or 3.00 % below today’s $0.33 share price. The 7 months bearish chart indicates high risk for the $38.39M company. The 1-year low was reported on Sep, 13 by Barchart.com. If the $0.32 price target is reached, the company will be worth $1.15 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 8.71% or $0.0315 during the last trading session, reaching $0.33. About 1.90 million shares traded or 324.86% up from the average. QuickLogic Corporation (NASDAQ:QUIK) has declined 50.64% since September 13, 2018 and is downtrending. It has underperformed by 50.64% the S&P500.

Analysts await QuickLogic Corporation (NASDAQ:QUIK) to report earnings on November, 6. They expect $-0.04 EPS, down 33.33 % or $0.01 from last year’s $-0.03 per share. After $-0.05 actual EPS reported by QuickLogic Corporation for the previous quarter, Wall Street now forecasts -20.00 % EPS growth.

QuickLogic Corporation (NASDAQ:QUIK) Ratings Coverage

Among 2 analysts covering QuickLogic (NASDAQ:QUIK), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. QuickLogic has $100 highest and $0.5 lowest target. $0.75’s average target is 127.27% above currents $0.33 stock price. QuickLogic had 5 analyst reports since April 14, 2019 according to SRatingsIntel. The firm has “Hold” rating by Roth Capital given on Wednesday, June 19.

More notable recent QuickLogic Corporation (NASDAQ:QUIK) news were published by: Prnewswire.com which released: “QuickLogic Acquires SensiML SaaS AI Company – PRNewswire” on January 04, 2019, also Seekingalpha.com with their article: “Why Lattice Semiconductor Can Maintain The Crazy Run – Seeking Alpha” published on August 17, 2019, Finance.Yahoo.com published: “QuickLogic (QUIK) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance” on August 07, 2019. More interesting news about QuickLogic Corporation (NASDAQ:QUIK) were released by: Finance.Yahoo.com and their article: “Could The QuickLogic Corporation (NASDAQ:QUIK) Ownership Structure Tell Us Something Useful? – Yahoo Finance” published on April 26, 2019 as well as Prnewswire.com‘s news article titled: “Nations Technologies Selects QuickLogic’s ArcticPro eFPGA to Power its Next Generation Low Power IoT SoC – PRNewswire” with publication date: September 04, 2019.

QuickLogic Corporation, a fabless semiconductor company, designs, markets, and supports silicon solutions for smartphones, wearable devices, tablets, and the Internet-of-Things . The company has market cap of $38.39 million. It delivers these solutions through ultra-low power customer programmable System on Chip (SoC) semiconductor solutions, embedded software, and algorithm solutions for always-on voice and sensor processing, and enhanced visual experiences. It currently has negative earnings. The companyÂ’s solutions incorporating its EOS S3, ArcticLink III S2, ArcticLink III VX and BX, PolarPro 3, PolarPro II, PolarPro, and Eclipse II solution platforms, packaging, IPs, custom logic, software drivers, and architecture consulting.

QuickLogic Corporation (NASDAQ:QUIK) Institutional Positions Chart

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