SemiLEDs Corporation (NASDAQ: LEDS) stock observed trading -51.89% off 52-week high price. On the other end, the stock has been noted 8.94% away from low price over the last 52-weeks. The stock disclosed a move of -10.26% away from 50 day moving average and -21.35% away from 200 day moving average. Moving closer, we can see that shares have been trading -12.79% off 20-day moving average. It has market cap of $9.59M .
SemiLEDs Corporation (NASDAQ: LEDS), “SemiLEDs” or the “Company,” a developer and manufacturer of LED chips and LED components, reported its financial results for the third quarter of fiscal year 2019, ended May 31, 2019.
Revenue for the third quarter of fiscal 2019 was $1.7 million, a 7% increase compared to $1.6 million in the second quarter of fiscal 2019. GAAP net loss attributable to SemiLEDs stockholders for the third quarter of fiscal 2019 was $859 thousand, compared to a loss of $847 thousand in the second quarter of fiscal 2019, or a net loss of $0.24 per diluted share for the third quarter and for the second quarter of fiscal 2019.
GAAP gross margin for the third quarter of fiscal 2019 was19%, compared with breakeven for the second quarter of fiscal 2019. Operating margin for the third quarter of fiscal 2019 was negative 40%, compared with negative 56% in the second quarter of fiscal 2019. The Company’s cash and cash equivalents was $1.1 million at May 31, 2019, compared to $1.6 million at the end of the second quarter of fiscal 2019. On July 5, 2019, we entered into two new loan agreements totaling an aggregate amount of $3.2 million (NT$100 million) to refinance an existing real estate loan of $2.0 million (NT$62 million) and provide for operating capital of $1.2 million (NT$38 million).
We expect revenue for the fourth quarter ending August 31, 2019 to be about $1.6 million +/- 10%.
The Taiwan based company SemiLEDs Corporation moved with change of 1.13% to $2.68 with the total traded volume of 42618 shares in recent session versus to an average volume of 70.69K. The stock was observed in the 5 days activity at -14.10%. The one month performance of stock was -7.90%. LEDS’s shares are at -24.08% for the quarter and driving a -43.93% return over the course of the past year and is now at -0.74% since this point in 2018. Right now the stock beta is 2.66. The average volatility for the week and month was at 14.09% and 6.00% respectively. There are 3.58M shares outstanding and 2.16M shares are floated in market.