In the past week, FORM stock has gone up by 14.20%, with a monthly gain of 8.47% and a quarterly surge of 27.72%. The volatility ratio for the week is 4.02%, and the volatility levels for the last 30 days are 3.58% for FormFactor Inc. The simple moving average for the past 20 days is 13.50% for FORM’s stock, with a 31.03% simple moving average for the past 200 days.
Is It Worth Investing in FormFactor Inc. (NASDAQ: FORM) Right Now?
The price-to-earnings ratio for FormFactor Inc. (NASDAQ: FORM) is above average at 38.13x, Company’s 36-month beta value is 1.07.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for FORM is 76.80M, and currently, short sellers hold a 3.26% ratio of that floaft. The average trading volume of FORM on May 02, 2024 was 481.07K shares.
FORM) stock’s latest price update
FormFactor Inc. (NASDAQ: FORM)’s stock price has soared by 13.87 in relation to previous closing price of 43.99. Nevertheless, the company has seen a gain of 14.20% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that FormFactor (FORM) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.16 per share a year ago.
Analysts’ Opinion of FORM
Evercore ISI, on the other hand, stated in their research note that they expect to see FORM reach a price target of $50. The rating they have provided for FORM stocks is “In-line” according to the report published on April 16th, 2024.
TD Cowen gave a rating of “Market Perform” to FORM, setting the target price at $37 in the report published on February 08th of the current year.
FORM Trading at 14.46% 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 able to rebound, for now settling with 4.49% of gains for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +10.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.52% upper at present.
During the last 5 trading sessions, FORM rose by +14.16%, which changed the moving average for the period of 200-days by +37.07% in comparison to the 20-day moving average, which settled at $44.37. In addition, FormFactor Inc. saw 20.09% 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:
- 0.05 for the present operating margin
- 0.39 for the gross margin
The net margin for FormFactor Inc. stands at 0.15. The total capital return value is set at 0.03. Equity return is now at value 11.76, with 9.61 for asset returns.
Based on FormFactor Inc. (FORM), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 1.91. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -18.28.
Currently, EBITDA for the company is 56.1 million with net debt to EBITDA at -2.9. When we switch over and look at the enterprise to sales, we see a ratio of 5.65. The receivables turnover for the company is 6.89for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.51.
Conclusion
In a nutshell, FormFactor Inc. (FORM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
