FormFactor Inc. (NASDAQ: FORM)’s stock price has plunge by 5.13relation to previous closing price of 41.72. Nevertheless, the company has seen a 4.21% surge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-10 that LIVERMORE, Calif., April 10, 2024 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq: FORM) will report financial results for its 2024 fiscal first quarter on Wednesday, May 1st, 2024, at 1:25 p.m. Pacific Time. The public is invited to listen to a live webcast of FormFactor’s conference call on the Investors section of the company’s web site at www.formfactor.com.
Is It Worth Investing in FormFactor Inc. (NASDAQ: FORM) Right Now?
FormFactor Inc. (NASDAQ: FORM) has a price-to-earnings ratio of 41.73x that is above its average ratio. Additionally, the 36-month beta value for FORM is 1.17. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for FORM is 76.80M and currently, short sellers hold a 3.26% ratio of that float. The average trading volume of FORM on April 26, 2024 was 463.72K shares.
FORM’s Market Performance
The stock of FormFactor Inc. (FORM) has seen a 4.21% increase in the past week, with a 1.08% rise in the past month, and a 1.76% gain in the past quarter. The volatility ratio for the week is 4.52%, and the volatility levels for the past 30 days are at 3.54% for FORM. The simple moving average for the past 20 days is -1.24% for FORM’s stock, with a 15.44% simple moving average for the past 200 days.
Analysts’ Opinion of FORM
Many brokerage firms have already submitted their reports for FORM stocks, with Evercore ISI repeating the rating for FORM by listing it as a “In-line.” The predicted price for FORM in the upcoming period, according to Evercore ISI is $50 based on the research report published on April 16, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see FORM reach a price target of $37, previously predicting the price at $33. The rating they have provided for FORM stocks is “Market Perform” according to the report published on February 08th, 2024.
Northland Capital gave a rating of “Market Perform” to FORM, setting the target price at $32 in the report published on July 17th of the previous year.
FORM Trading at 0.96% from the 50-Day Moving Average
After a stumble in the market that brought FORM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.50% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 4.52%, as shares sank -2.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.35% upper at present.
During the last 5 trading sessions, FORM rose by +4.21%, which changed the moving average for the period of 200-days by +33.96% in comparison to the 20-day moving average, which settled at $44.36. In addition, FormFactor Inc. saw 5.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FORM starting from SLESSOR MIKE, who sale 4,000 shares at the price of $45.94 back on Apr 01 ’24. After this action, SLESSOR MIKE now owns 495,781 shares of FormFactor Inc., valued at $183,755 using the latest closing price.
Shahar Shai, the CFO, SVP Global Finance of FormFactor Inc., sale 10,000 shares at $44.51 during a trade that took place back on Mar 04 ’24, which means that Shahar Shai is holding 27,591 shares at $445,122 based on the most recent closing price.
Stock Fundamentals for FORM
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.39 for the gross margin
The net margin for FormFactor Inc. stands at 0.12. The total capital return value is set at 0.01. Equity return is now at value 9.60, with 7.79 for asset returns.
Based on FormFactor Inc. (FORM), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 2.83. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 7.68.
Currently, EBITDA for the company is 56.1 million with net debt to EBITDA at -3.14. When we switch over and look at the enterprise to sales, we see a ratio of 4.94. The receivables turnover for the company is 6.21for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.38.
Conclusion
In conclusion, FormFactor Inc. (FORM) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
