QuickLogic Corp. Stock Hits $11.82 High as Director Sells 4,800 Shares
QuickLogic shares near 52-week high of $11.82, valuing the company at $208.9M, as director Michael Farese sold 4,800 shares at $11.71, marking $200K in insider stock sales over three months. The stock is up 21% over the past month, while analysts flag it as 86.4% over its GF fair value.
1. Market Valuation and Performance
QuickLogic’s shares recently traded at $11.79, just below a 52-week high of $11.82, giving the company a market capitalization of approximately $208.9 million. The stock has outperformed broader markets with a 21% gain over the past month.
2. Insider Transactions
On April 14, director Michael J. Farese sold 4,800 shares at $11.71 each, reducing his holding to 30,540 shares. This follows an April 6 sale of 4,000 shares at $10.31, bringing total insider sales to around $200,000 over the last three months.
3. Analyst Outlook and Valuation
The current share price sits 86.4% above its estimated GF fair value of $5.96, with a GF Score of 59 out of 100. Analysts project revenue of $5.5 million for the coming period, a 27% year-on-year increase, and forecast earnings per share of -$0.06, reflecting improved profitability trends.