Let’s start up with the current stock price of Acacia Communications Inc. (ACIA), which is $79.60 to be very precise. The Stock rose vividly during the last session to $86.00 after opening rate of $77.45 while the lowest price it went was recorded $77.45 before closing at $72.45.
Recently in News on January 8, 2021, Cisco Provides Update on Acacia Acquisition. Cisco (NASDAQ: CSCO) today announced that it is seeking confirmation from the Delaware Court of Chancery that it has met all conditions for closing of its acquisition of Acacia Communications (NASDAQ: ACIA), including approval of China’s State Administration for Market Regulation (SAMR). Cisco is also seeking a court mandate that the agreement may not be terminated until the court resolves these matters, and an order from the court requiring Acacia to close the transaction. On January 7, 2021, Cisco was notified by SAMR that the agency has determined that Cisco’s submission is “sufficient to address the relevant competition concerns.”. You can read further details here
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Acacia Communications Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $86.00 on 01/08/21, with the lowest value was $69.96 for the same time period, recorded on 01/06/21.
Acacia Communications Inc. (ACIA) full year performance was 16.09%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Acacia Communications Inc. shares are logging 8.30% during the 52-week period from high price, and 31.31% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $60.62 and $73.50.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 16034338 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Acacia Communications Inc. (ACIA) recorded performance in the market was 9.10%, having the revenues showcasing 17.80% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.05B, as it employees total of 429 workers.
Acacia Communications Inc. (ACIA) in the eye of market guru’s
During the last month, 0 analysts gave the Acacia Communications Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 68.99, with a change in the price was noted +11.62. In a similar fashion, Acacia Communications Inc. posted a movement of +17.09% for the period of last 100 days, recording 781,762 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ACIA is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Acacia Communications Inc. (ACIA): Stocks Technical analysis and Trends
Raw Stochastic average of Acacia Communications Inc. in the period of last 50 days is set at 65.98%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.10%. In the last 20 days, the company’s Stochastic %K was 56.00% and its Stochastic %D was recorded 62.04%.
If we look into the earlier routines of Acacia Communications Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 9.10%. Additionally, trading for the stock in the period of the last six months notably improved by 17.35%, alongside a boost of 16.09% for the period of the last 12 months. The shares increased approximately by 9.10% in the 7-day charts and went down by 13.33% in the period of the last 30 days. Common stock shares were driven by 17.80% during last recorded quarter.