No significant price trends shown for Nanometrics Inc.

Since the earnings announcement made on February 05, 2019, the stock price trends of Nanometrics Incorporated has not changed much as shown in the following one-year daily chart diagram:

Source: Yahoo! Finance (February 22, 2019)

At the last traded price of US$29.59, down 6 US cents, or negative 0.20 per cent intraday on February 22, 2019, the stock has not been able to push above the US$30.00 or even the US$35.00 price handle.

Based on the market capitalisation value of US$716.54 million, with the trailing and forward price-earnings (P/E) multiples at 12.65 and 14.36 times respectively, the 10-day average trading volume was about 169.09k, which is less than the 22.62 million shares on float.

Moreover, despite the disappointing earnings outlook for 1QFY2019, the percentage of shorts as a percentage of the overall float volume as of January 31, 2019 is 10.52 per cent which is not significant. Until we are able to get the February short volume percentages, especially when it had only reported earnings in early February 2019, it will be interesting to know how sizeable to short volume is.

Where or what to look out for next week?

While the overall earnings season for non-retail sector counters are largely winding down, it is expected that volatility might return and with higher expectations. We will continue to monitor the stock price of NANO on whether it has broken the US$30.00 decisively and moving upwards to hit US$35.00 and above.

However, it the stock price does turn south, we cannot rule out that it might go lower than US$20.00. Until then, we shall continue to monitor the counter’s stock price movements closely.

 


Nanotechnology and Quantum Physics are related fields. Schroedinger's Cat paradox is a synonym for Quantum Physics due to the superposition principle. Nanoties.org connects Nanotechnology with the financial market. Research in Nanotechnology has to make the transition into the markets. It will change the global economy if research is taken into the economy. There have been many advances in Nanotechnology but no breakthrough into the market. That is why research and economics and also the stock market have to be connected. Read about Stock market news and headlines in nanotechnology or discuss your ideas in the forum.

Nanotechnology Stocks and News (Editor's picks)

  • Nano Dimension News

    Nano Dimension Ltd., a leading additive electronics provider (Nasdaq, TASE: NNDM), announced today t [...]

    Conference call to be held today at 9:00 a.m. EDT Ness Ziona, Israel, March 14, 2019 -- Nano Dimensi [...]

    NESS ZIONA, Israel, Feb. 26, 2019 /PRNewswire/ -- Nano Dimension Ltd., a leading additive electronic [...]

    Ness Ziona, Israel, Feb. 13, 2019 -- Nano Dimension Ltd., a leading additive electronics provider (N [...]

    Want to participate in a short research study? Help shape the future of investing tools and you coul [...]

  • Nanoco News

    Want to participate in a short research study? Help shape the future of investing tools and you coul [...]

    Plessey Semiconductors and Nanoco Technologies today announced a partnership to shrink the pixel siz [...]

    If you are currently a shareholder in Nanoco Group plc (LON:NANO), or considering investing in the s [...]

  • NVE Corp. NEWS

    By buying an index fund, investors can approximate the average market return. But if you buy good bu [...]

    Want to participate in a short research study? Help shape the future of investing tools and receive [...]

    Want to participate in a short research study? Help shape the future of investing tools and you coul [...]

  • American Superconductor News

    Is (AMSC) Outperforming Other Computer and Technology Stocks This Year? [...]

    The big shareholder groups in American Superconductor Corporation (NASDAQ:AMSC) have power over the [...]

    The longest bull market in U.S. history turned 10 this past weekend. Here are the Massachusetts publ [...]

    After a disappointing 2018, in which all the three major stock indexes closed in the red owing to se [...]

    American companies for decades have complained about Chinese firms stealing intellectual property -- [...]