Fox Factory Holding Corp (NASDAQ: FOXF)’s stock price has increased by 4.51 compared to its previous closing price of 43.70. However, the company has seen a 17.43% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Investors interested in Automotive – Domestic stocks are likely familiar with General Motors (GM) and Fox Factory Holding (FOXF). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in Fox Factory Holding Corp (NASDAQ: FOXF) Right Now?
The price-to-earnings ratio for Fox Factory Holding Corp (NASDAQ: FOXF) is 25.69x, which is above its average ratio. Moreover, the 36-month beta value for FOXF is 1.69. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for FOXF is 41.44M and currently, short sellers hold a 6.27% of that float. On May 09, 2024, FOXF’s average trading volume was 753.63K shares.
FOXF’s Market Performance
The stock of Fox Factory Holding Corp (FOXF) has seen a 17.43% increase in the past week, with a -2.81% drop in the past month, and a -28.41% fall in the past quarter. The volatility ratio for the week is 5.36%, and the volatility levels for the past 30 days are at 3.83% for FOXF. The simple moving average for the last 20 days is 10.80% for FOXF stock, with a simple moving average of -37.22% for the last 200 days.
Analysts’ Opinion of FOXF
Many brokerage firms have already submitted their reports for FOXF stocks, with BofA Securities repeating the rating for FOXF by listing it as a “Neutral.” The predicted price for FOXF in the upcoming period, according to BofA Securities is $55 based on the research report published on February 23, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Neutral” to FOXF, setting the target price at $80 in the report published on November 03rd of the previous year.
FOXF Trading at -1.13% from the 50-Day Moving Average
After a stumble in the market that brought FOXF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.19% of loss for the given period.
Volatility was left at 3.83%, however, over the last 30 days, the volatility rate increased by 5.36%, as shares surge +6.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.78% lower at present.
During the last 5 trading sessions, FOXF rose by +17.43%, which changed the moving average for the period of 200-days by -58.85% in comparison to the 20-day moving average, which settled at $41.35. In addition, Fox Factory Holding Corp saw -32.32% 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 FOXF starting from DUNCAN THOMAS E., who sale 1,427 shares at the price of $111.91 back on Sep 01 ’23. After this action, DUNCAN THOMAS E. now owns 8,559 shares of Fox Factory Holding Corp, valued at $159,696 using the latest closing price.
Stecher Paul, the (A) of Fox Factory Holding Corp, sale 2,300 shares at $107.00 during a trade that took place back on Aug 25 ’23, which means that Stecher Paul is holding 16,360 shares at $246,100 based on the most recent closing price.
Stock Fundamentals for FOXF
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.3 for the gross margin
The net margin for Fox Factory Holding Corp stands at 0.05. The total capital return value is set at 0.06. Equity return is now at value 6.41, with 3.71 for asset returns.
Based on Fox Factory Holding Corp (FOXF), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is 4.13.
Currently, EBITDA for the company is 216.59 million with net debt to EBITDA at 4.02. When we switch over and look at the enterprise to sales, we see a ratio of 1.87. The receivables turnover for the company is 8.47for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.43.
Conclusion
To wrap up, the performance of Fox Factory Holding Corp (FOXF) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
