Is a Correction Looming Ahead for Fluidigm Corporation (FLDM)

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Fluidigm Corporation (NASDAQ:FLDM) went down by -2.95% from its latest closing price compared to the recent 1-year high of $12.45. The company’s stock price has collected 6.71% of gains in the last five trading sessions. Press Release reported on 03/01/21 that FDA Grants Emergency Use Authorization for Home Collection Kit for Advanta Dx SARS-CoV-2 RT-PCR Assay

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Is It Worth Investing in Fluidigm Corporation (NASDAQ :FLDM) Right Now?

Plus, the 36-month beta value for FLDM is at 1.56. Opinions of the stock are interesting as 3 analysts out of 3 who provided ratings for Fluidigm Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $10.33. FLDM currently public float of 73.19M and currently shorts hold a 14.47% ratio of that float. Today, the average trading volume of FLDM was 2.82M shares.

FLDM’s Market Performance

FLDM stocks went up by 6.71% for the week, with a monthly jump of 17.01% and a quarterly performance of -27.74%, while its annual performance rate touched 124.88%. The volatility ratio for the week stands at 6.39% while the volatility levels for the past 30 days are set at 6.49% for Fluidigm Corporation. The simple moving average for the period of the last 20 days is 2.74% for FLDM stocks with a simple moving average of -25.75% for the last 200 days.

Analysts’ Opinion of FLDM

UBS, on the other hand, stated in their research note that they expect to see FLDM reach a price target of $7, previously predicting the price at $14. The rating they have provided for FLDM stocks is “Buy” according to the report published on October 18th, 2019.

UBS gave a rating of “Neutral” to FLDM, setting the target price at $14 in the report published on March 15th of the previous year.

FLDM Trading at -12.22% from the 50-Day Moving Average

After a stumble in the market that brought FLDM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -62.97% of loss for the given period.

Volatility was left at 6.49%, however, over the last 30 days, the volatility rate increased by 6.39%, as shares surge +9.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.91% lower at present.

During the last 5 trading sessions, FLDM rose by +6.71%, which changed the moving average for the period of 200-days by +21.32% in comparison to the 20-day moving average, which settled at $4.51. In addition, Fluidigm Corporation saw -23.17% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FLDM starting from Linthwaite Stephen Christopher, who sale 84,820 shares at the price of $6.06 back on Nov 23. After this action, Linthwaite Stephen Christopher now owns 145,347 shares of Fluidigm Corporation, valued at $514,009 using the latest closing price.

Stock Fundamentals for FLDM

Current profitability levels for the company are sitting at:

  • -36.94 for the present operating margin
  • +60.32 for the gross margin

The net margin for Fluidigm Corporation stands at -38.38. The total capital return value is set at -22.78, while invested capital returns managed to touch -23.93. Equity return is now at value -37.50, with -17.40 for asset returns.

Based on Fluidigm Corporation (FLDM), the company’s capital structure generated 68.59 points at debt to equity in total, while total debt to capital is 40.68. Total debt to assets is 29.37, with long-term debt to equity ratio resting at 66.45. Finally, the long-term debt to capital ratio is 39.42.

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When we switch over and look at the enterprise to sales, we see a ratio of 3.32, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 6.22 and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.

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