QuickLogic Corporation (QUIK) received negative focus in Thursday trading session. The stock has performed -30.77% and it registered share value at $1.08 in recent trade transaction. At present, the stock price sited at -51.33% from the 52 week high and situated at -6.09% from 52 week low. 5505652 shares traded on hands while it’s an average volume stands with 260.57K shares.
QuickLogic Corporation (NASDAQ:QUIK), a developer of ultra-low power multi-core voice enabled SoCs, embedded FPGA IP, display bridge and programmable logic solutions, recently announced the pricing of its previously announced underwritten public offering of 13,513,510 shares of its common stock and corresponding warrants to purchase up to 5,405,404 shares of its common stock. The shares of common stock and corresponding warrants are being sold in combination, with one warrant to purchase 0.4 of a share of common stock for each share of common stock sold. The warrants will have an exercise price of $1.38 per share of common stock and a term of five years, exercisable upon the date of issuance. The aggregate public offering price for each share of common stock and corresponding warrant is $1.15. All securities to be sold in the offering were offered by the Company.
The Company expects to close the offering on or about May 29, 2018, subject to the satisfaction of customary closing conditions. The gross proceeds from this offering are expected to be approximately $15.5 million, assuming none of the corresponding warrants issued in this offering are exercised. The Company intends to use the net proceeds from the offering for working capital, the development of next generation new products and general corporate purposes. The Company may also use a portion of the net proceeds to acquire and/or license technologies and acquire and/or invest in businesses when the opportunity arises; however, the Company currently has no commitments or agreements and is not involved in any negotiations with respect to any such transactions.
There is no established public trading market for the warrants and the Company does not expect a market to develop. Additionally, the Company does not intend to apply for the listing of the warrants on any national securities exchange or other nationally recognized trading system.
Craig-Hallum Capital Group is acting as the sole book-running manager for the proposed offering. Roth Capital Partners and The Benchmark Company are acting as co-managers for the proposed offering.
VOLATILITY FACTOR: The stock remained 5.32% volatile in last week and indicated 5.31% volatility in previous month. The Company’s beta coefficient sits at 0.5. Beta factor measures the amount of market risk associated with market trade. Higher the beta discloses more riskiness and lower the beta lower the risk. ATR value of 0.12 measure stock volatility. The Average True Range is an exponential moving average (14-days) of the True Ranges.
PROFITABILITY RATIOS: Gross Margin is observed at 47.20% and Return on Assets (ROA) an indicator of how profitable a company is relative to its total assets, is -56.10%. Return on Equity (ROE) is -89.60% and Return on Investment (ROI) is -65.00%.
QuickLogic Corporation (QUIK) has year to date performance of -37.93% and weekly performance of -33.94%. The stock has been moved at -31.21% over the last six months and -12.90% throughout last twelve months. The stock has performed -21.74% around last thirty days, and changed -38.29% over the last three months.