TTM Technologies Inc (NASDAQ: TTMI)’s stock price has decreased by -1.07 compared to its previous closing price of 14.93. However, the company has seen a 1.03% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that TTM Technologies (TTMI) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.18 per share a year ago.
Is It Worth Investing in TTM Technologies Inc (NASDAQ: TTMI) Right Now?
The 36-month beta value for TTMI is also noteworthy at 1.37. 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 98.76M, and at present, short sellers hold a 1.17% of that float. The average trading volume of TTMI on May 02, 2024 was 682.97K shares.
TTMI’s Market Performance
The stock of TTM Technologies Inc (TTMI) has seen a 1.03% increase in the past week, with a -0.61% drop in the past month, and a 6.18% gain in the past quarter. The volatility ratio for the week is 4.28%, and the volatility levels for the past 30 days are at 2.63% for TTMI. The simple moving average for the last 20 days is 1.70% for TTMI stock, with a simple moving average of 3.37% for the last 200 days.
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 0.09% 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 -10.67% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares sank -0.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.38% lower at present.
During the last 5 trading sessions, TTMI rose by +1.03%, which changed the moving average for the period of 200-days by +5.42% in comparison to the 20-day moving average, which settled at $14.52. In addition, TTM Technologies Inc saw -6.58% 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 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 71.35. The debt to equity ratio resting at 0.0. 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 -2.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 6.07for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.03.
Conclusion
In summary, TTM Technologies Inc (TTMI) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
