QuickLogic (QUIK) Stock

QuickLogic (QUIK) closed the most recent trading day at $11.83, moving -1.25% from the previous trading session.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

QuickLogic (QUIK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Award represents the fourth tranche of the multi-year program initiated in August 2022 SAN JOSE, Calif. , Dec. 23, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, announced today it has been awarded a $6.575 million contract.

QuickLogic (QUIK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Shares of QuickLogic Corp QUIK have lost almost 40% year to date.

QuickLogic Corporation's revenue decline in Q3 was bad from an optical perspective, but management had already flagged this in advance; what was not expected was yet another quarter of tepid guidance. QUIK points to a change in scope of the contract that has caused a delay in closure, but even the forward-looking two-year sales pipeline has come off quite significantly. Gross margin expectations to continue to be dialed down, while sustained cash generation appears to be an issue, with the long-standing net cash position now turning to net debt.

QuickLogic (QUIK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

QuickLogic (QUIK) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to earnings of $0.13 per share a year ago.