In the past week, TTMI stock has gone down by -6.05%, with a monthly decline of -2.60% and a quarterly plunge of -2.80%. The volatility ratio for the week is 2.91%, and the volatility levels for the last 30 days are 2.76% for TTM Technologies Inc The simple moving average for the last 20 days is -1.14% for TTMI stock, with a simple moving average of 2.68% for the last 200 days.
Is It Worth Investing in TTM Technologies Inc (NASDAQ: TTMI) Right Now?
Additionally, the 36-month beta value for TTMI is 1.38. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TTMI is 98.89M and currently, short sellers hold a 1.61% ratio of that float. The average trading volume of TTMI on April 05, 2024 was 729.80K shares.
TTMI) stock’s latest price update
The stock of TTM Technologies Inc (NASDAQ: TTMI) has decreased by -1.55 when compared to last closing price of 14.82. Despite this, the company has experienced a -6.05% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-07 that TTM Technologies, Inc. (TTMI) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of TTMI
Many brokerage firms have already submitted their reports for TTMI stocks, with Truist repeating the rating for TTMI by listing it as a “Buy.” The predicted price for TTMI in the upcoming period, according to Truist is $16.50 based on the research report published on November 02, 2023 of the previous year 2023.
Stifel, on the other hand, stated in their research note that they expect to see TTMI reach a price target of $17. The rating they have provided for TTMI stocks is “Hold” according to the report published on January 26th, 2023.
Truist gave a rating of “Hold” to TTMI, setting the target price at $14 in the report published on February 10th of the previous year.
TTMI Trading at -1.87% from the 50-Day Moving Average
After a stumble in the market that brought TTMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.76% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares sank -1.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.82% lower at present.
During the last 5 trading sessions, TTMI fell by -6.05%, which changed the moving average for the period of 200-days by +6.81% in comparison to the 20-day moving average, which settled at $14.74. In addition, TTM Technologies Inc saw -7.72% 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 TTMI starting from Farrell Robert P., who sale 459 shares at the price of $15.63 back on Feb 16 ’24. After this action, Farrell Robert P. now owns 20,038 shares of TTM Technologies Inc, valued at $7,174 using the latest closing price.
Clapprood Tom, the President A&D Radar Systems of TTM Technologies Inc, sale 3,500 shares at $16.48 during a trade that took place back on Feb 12 ’24, which means that Clapprood Tom is holding 52,264 shares at $57,671 based on the most recent closing price.
Stock Fundamentals for TTMI
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.18 for the gross margin
The net margin for TTM Technologies Inc stands at -0.01. The total capital return value is set at 0.02. Equity return is now at value -1.23, with -0.56 for asset returns.
Based on TTM Technologies Inc (TTMI), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 1.11.
Currently, EBITDA for the company is 272.1 million with net debt to EBITDA at 2.95. When we switch over and look at the enterprise to sales, we see a ratio of 0.92. The receivables turnover for the company is 3.13for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.03.
Conclusion
In conclusion, TTM Technologies Inc (TTMI) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
