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NASDAQ:ACLS, a strong growth stock, setting up for a breakout.

By Mill Chart

Last update: May 16, 2024

In this article we will dive into AXCELIS TECHNOLOGIES INC (NASDAQ:ACLS) as a possible candidate for growth investing. Investors should always do their own research, but we noticed AXCELIS TECHNOLOGIES INC showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.

Assessing Growth for 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.
  • Measured over the past years, ACLS shows a very strong growth in Earnings Per Share. The EPS has been growing by 40.65% on average per year.
  • 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.
  • ACLS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.27% yearly.

Looking at the Health

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

  • ACLS has an Altman-Z score of 7.96. This indicates that ACLS is financially healthy and has little risk of bankruptcy at the moment.
  • ACLS has a Altman-Z score of 7.96. This is in the better half of the industry: ACLS outperforms 75.47% 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.
  • Looking at the Debt to FCF ratio, with a value of 0.33, ACLS belongs to the top of the industry, outperforming 81.13% of the companies in the same industry.
  • ACLS has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.05, ACLS is in the better half of the industry, outperforming 63.21% 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.
  • The Current ratio of ACLS (3.79) is better than 64.15% of its industry peers.
  • A Quick Ratio of 2.71 indicates that ACLS has no problem at all paying its short term obligations.

Profitability Examination for NASDAQ:ACLS

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:ACLS was assigned a score of 8 for profitability:

  • ACLS's Return On Assets of 19.21% is amongst the best of the industry. ACLS outperforms 93.40% of its industry peers.
  • Looking at the Return On Equity, with a value of 28.47%, ACLS belongs to the top of the industry, outperforming 88.68% of the companies in the same industry.
  • ACLS has a better Return On Invested Capital (23.70%) than 96.23% 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 10.31%.
  • The 3 year average ROIC (22.37%) for ACLS is below the current ROIC(23.70%), indicating increased profibility in the last year.
  • The Profit Margin of ACLS (21.78%) is better than 78.30% of its industry peers.
  • In the last couple of years the Profit Margin of ACLS has grown nicely.
  • Looking at the Operating Margin, with a value of 23.51%, ACLS is in the better half of the industry, outperforming 78.30% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ACLS has grown nicely.

Looking at the Setup

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:ACLS currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

ACLS has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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

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

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

Disclaimer

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 (5/30/2024, 8:40:01 AM)

113.845

+0.95 (+0.85%)

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