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Is NASDAQ:ACLS on the Verge of a Major Breakout as a Strong Growth Stock?

By Mill Chart

Last update: Apr 3, 2024

For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether AXCELIS TECHNOLOGIES INC (NASDAQ:ACLS) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but AXCELIS TECHNOLOGIES INC has caught our attention on our screen for growth with base formation. It may warrant additional investigation.

Growth Insights: NASDAQ:ACLS

ChartMill assigns a proprietary Growth Rating to each stock. The score is computed by evaluating various growth aspects, like EPS and revenue growth. We take into account the history as well as the estimated future numbers. NASDAQ:ACLS was assigned a score of 8 for growth:

  • The Earnings Per Share has grown by an impressive 36.08% over the past year.
  • The Earnings Per Share has been growing by 40.65% on average over the past years. This is a very strong growth
  • Looking at the last year, ACLS shows a very strong growth in Revenue. The Revenue has grown by 22.88%.
  • Measured over the past years, ACLS shows a very strong growth in Revenue. The Revenue has been growing by 20.63% on average per year.
  • Based on estimates for the next years, ACLS will show a quite strong growth in Revenue. The Revenue will grow by 10.27% on average per year.

Understanding NASDAQ:ACLS's Health Score

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NASDAQ:ACLS, the assigned 8 reflects its health status:

  • An Altman-Z score of 7.74 indicates that ACLS is not in any danger for bankruptcy at the moment.
  • ACLS has a better Altman-Z score (7.74) than 72.64% of its industry peers.
  • ACLS has a debt to FCF ratio of 0.33. This is a very positive value and a sign of high solvency as it would only need 0.33 years to pay back of all of its debts.
  • The Debt to FCF ratio of ACLS (0.33) is better than 82.08% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that ACLS is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.05, ACLS is in the better half of the industry, outperforming 62.26% of the companies in the same industry.
  • A Current Ratio of 3.79 indicates that ACLS has no problem at all paying its short term obligations.
  • ACLS's Current ratio of 3.79 is fine compared to the rest of the industry. ACLS outperforms 63.21% of its industry peers.
  • A Quick Ratio of 2.71 indicates that ACLS has no problem at all paying its short term obligations.

How do we evaluate the Profitability for NASDAQ:ACLS?

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:ACLS has earned a 8 out of 10:

  • Looking at the Return On Assets, with a value of 19.21%, ACLS belongs to the top of the industry, outperforming 92.45% of the companies in the same industry.
  • With an excellent Return On Equity value of 28.47%, ACLS belongs to the best of the industry, outperforming 86.79% of the companies in the same industry.
  • ACLS's Return On Invested Capital of 23.70% is amongst the best of the industry. ACLS outperforms 93.40% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ACLS is significantly above the industry average of 11.62%.
  • The 3 year average ROIC (22.37%) for ACLS is below the current ROIC(23.70%), indicating increased profibility in the last year.
  • With a decent Profit Margin value of 21.78%, ACLS is doing good in the industry, outperforming 78.30% of the companies in the same industry.
  • ACLS's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 23.51%, ACLS is doing good in the industry, outperforming 78.30% of the companies in the same industry.
  • ACLS's Operating Margin has improved in the last couple of years.

Looking at the Setup

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:ACLS currently has a 8 as setup rating:

Although the technical rating is bad, ACLS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 107.61, a Stop Loss order could be placed below this zone.

More Strong Growth stocks can be found in our Strong Growth screener.

Check the latest full fundamental report of ACLS for a complete fundamental analysis.

For an up to date full technical analysis you can check the technical report of ACLS

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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AXCELIS TECHNOLOGIES INC

NASDAQ:ACLS (5/24/2024, 7:12:19 PM)

After market: 111.34 -0.03 (-0.03%)

111.37

+2.11 (+1.93%)

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