The stock of SiTime Corp (NASDAQ: SITM) has increased by 8.99 when compared to last closing price of 76.22.Despite this, the company has seen a gain of 11.55% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-10 that SANTA CLARA, Calif., April 10, 2024 (GLOBE NEWSWIRE) — SiTime Corporation (Nasdaq: SITM), the inventor of precision timing, will announce its first quarter 2024 financial results on Wednesday, May 8, 2024, after market close.
Is It Worth Investing in SiTime Corp (NASDAQ: SITM) Right Now?
Additionally, the 36-month beta value for SITM is 1.82. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SITM is 17.36M and currently, short sellers hold a 7.45% ratio of that float. The average trading volume of SITM on April 26, 2024 was 219.42K shares.
SITM’s Market Performance
SITM stock saw a decrease of 11.55% in the past week, with a monthly decline of -7.50% and a quarterly a decrease of -31.42%. The volatility ratio for the week is 4.60%, and the volatility levels for the last 30 days are 4.52% for SiTime Corp (SITM). The simple moving average for the past 20 days is 0.20% for SITM’s stock, with a -25.16% simple moving average for the past 200 days.
Analysts’ Opinion of SITM
Many brokerage firms have already submitted their reports for SITM stocks, with Wolfe Research repeating the rating for SITM by listing it as a “Outperform.” The predicted price for SITM in the upcoming period, according to Wolfe Research is $160 based on the research report published on July 20, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see SITM reach a price target of $88, previously predicting the price at $135. The rating they have provided for SITM stocks is “Equal Weight” according to the report published on May 05th, 2023.
SITM Trading at -8.28% from the 50-Day Moving Average
After a stumble in the market that brought SITM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.50% of loss for the given period.
Volatility was left at 4.52%, however, over the last 30 days, the volatility rate increased by 4.60%, as shares sank -8.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.13% lower at present.
During the last 5 trading sessions, SITM rose by +11.55%, which changed the moving average for the period of 200-days by -31.07% in comparison to the 20-day moving average, which settled at $82.50. In addition, SiTime Corp saw -31.95% 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 SITM starting from Assaderaghi Fariborz, who sale 1,288 shares at the price of $90.57 back on Mar 27 ’24. After this action, Assaderaghi Fariborz now owns 111,491 shares of SiTime Corp, valued at $116,661 using the latest closing price.
Assaderaghi Fariborz, the of SiTime Corp, sale 1,026 shares at $92.33 during a trade that took place back on Feb 29 ’24, which means that Assaderaghi Fariborz is holding 90,887 shares at $94,725 based on the most recent closing price.
Stock Fundamentals for SITM
Current profitability levels for the company are sitting at:
- -0.69 for the present operating margin
- 0.57 for the gross margin
The net margin for SiTime Corp stands at -0.56. The total capital return value is set at -0.12. Equity return is now at value -11.37, with -9.46 for asset returns.
Based on SiTime Corp (SITM), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 1.0.
Currently, EBITDA for the company is -83.34 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 13.18. The receivables turnover for the company is 6.59for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.13.
Conclusion
In conclusion, SiTime Corp (SITM) has seen bad performance in recent times. Analysts have a mixed 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.
