SiTime Corp (NASDAQ: SITM) has experienced a rise in its stock price by 28.29 compared to its previous closing price of 96.92. However, the company has seen a gain of 37.74% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-08 that SiTime Corporation (NASDAQ:SITM ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Brett Perry – Shelton Group IR Rajesh Vashist – CEO Beth Howe – CFO Conference Call Participants Tore Svanberg – Stifel Quinn Bolton – Needham & Company Suji Desilva – Roth MKM Chris Caso – Wolfe Research Operator Good day and thank you standing by. Welcome to SiTime’s First Quarter Earnings Call and Webcast.
Is It Worth Investing in SiTime Corp (NASDAQ: SITM) Right Now?
Company’s 36-month beta value is 1.77.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SITM is 17.87M, and currently, short sellers hold a 7.24% ratio of that floaft. The average trading volume of SITM on May 10, 2024 was 225.86K shares.
SITM’s Market Performance
SITM’s stock has seen a 37.74% increase for the week, with a 51.45% rise in the past month and a 6.85% gain in the past quarter. The volatility ratio for the week is 6.82%, and the volatility levels for the past 30 days are at 5.40% for SiTime Corp The simple moving average for the past 20 days is 47.33% for SITM’s stock, with a 13.84% simple moving average for the past 200 days.
Analysts’ Opinion of SITM
Wolfe Research, on the other hand, stated in their research note that they expect to see SITM reach a price target of $160. The rating they have provided for SITM stocks is “Outperform” according to the report published on July 20th, 2023.
Barclays gave a rating of “Equal Weight” to SITM, setting the target price at $88 in the report published on May 05th of the previous year.
SITM Trading at 41.21% 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 -12.43% of loss for the given period.
Volatility was left at 5.40%, however, over the last 30 days, the volatility rate increased by 6.82%, as shares surge +41.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.48% upper at present.
During the last 5 trading sessions, SITM rose by +37.74%, which changed the moving average for the period of 200-days by -0.38% in comparison to the 20-day moving average, which settled at $86.22. In addition, SiTime Corp saw 1.85% 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 SITM starting from Assaderaghi Fariborz, who sale 1,288 shares at the price of $84.25 back on Apr 26 ’24. After this action, Assaderaghi Fariborz now owns 110,203 shares of SiTime Corp, valued at $108,514 using the latest closing price.
Assaderaghi Fariborz, the of SiTime Corp, sale 1,288 shares at $90.57 during a trade that took place back on Mar 27 ’24, which means that Assaderaghi Fariborz is holding 111,491 shares at $116,661 based on the most recent closing price.
Stock Fundamentals for SITM
Current profitability levels for the company are sitting at:
- -0.79 for the present operating margin
- 0.55 for the gross margin
The net margin for SiTime Corp stands at -0.67. The total capital return value is set at -0.13. Equity return is now at value -13.16, with -10.98 for asset returns.
Currently, EBITDA for the company is -83.34 million with net debt to EBITDA at 0.86. When we switch over and look at the enterprise to sales, we see a ratio of 19.81. The receivables turnover for the company is 8.27for 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 5.18.
Conclusion
In a nutshell, SiTime Corp (SITM) 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.
