SemiLEDs Corporation (NASDAQ:LEDS) stock is moving up non-stop since this morning and is the biggest percentage winner right now.
Although there is no news for such a big jump, the volume is very significant with more than 123 million shares have already been traded by later afternoon trading – much higher than its 30-day average volume of 912K shares.
Earlier this week, LEDS stock went up over 57% on Tuesday on the volume of 16.72 million shares.
For the second quarter, the company had $1.2 million in revenues, compared to $719 thousand in the first quarter of fiscal 2021.
On an adjusted basis, the company had 6 cents share, compared to a net loss of $0.17 a share in the same quarter of the last year.
The gross margin improved to 20%, from negative 3%.
After opening a bit lower, LEDS stock is witnessing a nice uptrend and now soared a huge 131% to a new 8-year high of $12.74.
Keep an eye on LEDS stock as it is showing solid momentum. But it’s very volatile, so trade carefully.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.