Positive context积极背景
Stocks股票 / Industrials / ACTG
Acacia Research Corp · Industrials
ACTG US listed · USD美股 · 美元
Industrials
Russell 2000罗素2000
Broken growth成长受损
$4.27
-$0.04 · -0.93%
52w low52周低 $3.14high高 $5.22
Avoid — downtrend回避 — 下行趋势
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
As of 2026-09-27截至 2026-09-27
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-27
Momentum (RSI 14)动量（RSI 14）
31
Depressed偏低
vs 50-day average相对50日均线
-6.0% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-4.2% below下方
Long trend down长期向下
Volatility波动率
13th percentile第13百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Financials财务数据
fiscal years财年Revenue营业收入
$285.2M2025
20202025
5-yr growth5年复合增速 57.1%
Earnings per share每股收益
$0.222025
20202025
5-yr growth5年复合增速 -32.2%
Free cash flow自由现金流
-$98.5M2024
20202025
Gross margin毛利率
29.6%
Operating margin营业利润率
2.2%
Net margin净利率
8.6%
FCF margin自由现金流利润率
26.4%
Balance-sheet quality财务体质 7/8
Return on equity股本回报率 4%
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA-4.32
Current ratio流动比率9.18
Capital allocation资本配置
Stock-based comp股权薪酬$5.7M
Share count change (1y)股数变化（1年）+0.4%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $0 due — about 0% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $0，约占其披露本金的 0%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$0
Year 2第2年
$0
Year 3第3年
$0
Year 4第4年
$91.9M
Year 5第5年
not reported未披露
After year 55年以后
not reported未披露
A cash-flow scenario is unavailable until the filing inputs are verified.报告数据核实前，现金流情景暂不可用。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0000934549-26-000010, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-20T09:35:46.620857+00:00.
4/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive— absentLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive— absent
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Positioning持仓
Quiet — no confirmed driver平静 — 无明确驱动
Technical技术面
ACTG lost its 200-day averageACTG 跌破200日均线
Ownership & smart money持仓与聪明钱
13FConcentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Starboard Value | B | Holding持有 | 6.3% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
NEARING A LOW → DOWNTREND接近低点 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases)回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）
Sep 21, 2026
ACTG lost its 200-day averageACTG 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $4.36.收盘跌破200日均线 — 经典的空头分界线。$4.36。
Sep 21, 2026
ACTG broke down vs the marketACTG 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $4.36.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$4.36。
Sep 21, 2026
ACTG daily MACD crossed downACTG 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $4.36.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$4.36。
Sep 16, 2026
UNCONFIRMED TURN → NEARING A LOW未确认转向 → 接近低点
GET READY准备
Sep 4, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 4, 2026
ACTG daily MACD crossed upACTG 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $4.54.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$4.54。
Sep 3, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 3, 2026
ACTG broke down vs the marketACTG 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $4.51.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$4.51。
Sep 2, 2026
ACTG StochRSI turned up from oversoldACTG StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $4.63.StochRSI重回20上方 — 下行动量趋缓的最早预警。$4.63。
Aug 31, 2026
UNCONFIRMED TURN → BOTTOMING未确认转向 → 筑底中
BUY SETUP买入预备
Aug 31, 2026
ACTG printed a daily-cycle lowACTG 打出日线周期低点
A confirmed local low — in this cycle framework the highest-odds long-entry window. $4.44.一个已确认的局部低点 — 在本周期框架中做多胜率最高的入场窗口。$4.44。
Aug 24, 2026
BOTTOMING → UNCONFIRMED TURN筑底中 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Showing the last 15 of显示最近15条，共 165 signals条信号
Company profile公司档案
Watch items — what could change the story关注项 — 可能改变故事的因素
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -5.3% | +1.3% |
| 1 Month近1月 | -4.9% | +0.9% |
| 3 Months近3月 | -9.0% | +6.1% |
| 6 Months近6月 | -11.8% | +22.3% |
| Year to date年初至今 | +14.2% | +13.8% |
| 1 Year近1年 | +31.4% | +18.5% |
Trading information交易信息
Volatility rank波动率分位
13th pctile
EPS (trailing)每股收益
$0.25
Off 52-week high距52周高点
-17.2%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $30M | $12M | $59M | $125M | $122M | $285M |
| EPS每股收益 | $1.54 | $1.91 | $-3.13 | $0.58 | $-0.36 | $0.22 |
| Free cash flow自由现金流 | $-20M | $13M | $-38M | $-23M | $-99M | — |
| Gross margin毛利率 | 16.6% | — | 36.9% | 57.8% | 24.2% | 29.6% |
| Net margin净利率 | 380.9% | 1242.9% | -211.2% | 53.6% | -29.5% | 7.6% |
| FCF margin自由现金流利润率 | -66.5% | 110.3% | -64.3% | -18.1% | -80.6% | — |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$285M
Gross profit毛利润
$84M
Net income净利润
$24M
Operating cash flow经营现金流
$75M
Total assets总资产
$771M
Shareholder equity股东权益
$543M
Buybacks股票回购
$0
Shares outstanding总股本
0.10B
Returns & growth回报与增长
Return on equity股本回报率
4.5%
Return on assets资产回报率
3.2%
Asset growth资产增速
+1.9%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: receivables +5071% vs sales +858% — receivables outpacing sales, revenue-quality risk营运资本：应收 +5071% 对销售 +858%——应收快于销售，营收质量风险
- Pricing power: gross margin +13.0pts over 5 years定价能力：毛利率 5 年上升 13.0 个百分点
- Capital discipline: share count +95.8% over 6 years (dilution)资本纪律：股本 6 年增加 95.8%（稀释）
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
31
RSI (2-day)RSI（2日）
1
vs 20-day average相对20日均线
-4.7%
vs 50-day average相对50日均线
-6.0%
vs 200-day average相对200日均线
-4.2%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down动能向下
Weekly周线
momentum down动能向下
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
Fired_DownFIRED_DOWN
Days compressed已压缩天数
11
Range width percentile波幅宽度分位
54/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Starboard Value | B | Holding持有 | 6.3% | $285M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
1
Buying vs selling买入vs卖出
0 : 0
Quarterly trend季度趋势
{'direction': 'accumulating', 'n_quarters': 12, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 27.7, 'from_period': '2023-09-30', 'to_period': '2026-06-30', 'available_on': '2026-08-15', 'available_on_first': '2023-11-15', 'holders_series': [1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1]}{'direction': 'accumulating', 'n_quarters': 12, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 27.7, 'from_period': '2023-09-30', 'to_period': '2026-06-30', 'available_on': '2026-08-15', 'available_on_first': '2023-11-15', 'holders_series': [1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1]}
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。