The stock of TTM Technologies Inc (TTMI) has gone up by 7.09% for the week, with a 26.10% rise in the past month and a 17.15% rise in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are 3.11% for TTMI. The simple moving average for the last 20 days is 17.12% for TTMI stock, with a simple moving average of 24.05% for the last 200 days.
Is It Worth Investing in TTM Technologies Inc (NASDAQ: TTMI) Right Now?
The 36-month beta value for TTMI is at 1.27. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TTMI is 98.76M, and currently, shorts hold a 1.17% of that float. The average trading volume for TTMI on May 10, 2024 was 682.12K shares.
TTMI) stock’s latest price update
TTM Technologies Inc (NASDAQ: TTMI) has seen a rise in its stock price by 0.91 in relation to its previous close of 17.67. However, the company has experienced a 7.09% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that TTM (TTMI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company’s fundamentals for clues.
Analysts’ Opinion of TTMI
Many brokerage firms have already submitted their reports for TTMI stocks, with Stifel repeating the rating for TTMI by listing it as a “Buy.” The predicted price for TTMI in the upcoming period, according to Stifel is $19 based on the research report published on May 02, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see TTMI reach a price target of $16.50, previously predicting the price at $16. The rating they have provided for TTMI stocks is “Buy” according to the report published on November 02nd, 2023.
Stifel gave a rating of “Hold” to TTMI, setting the target price at $17 in the report published on January 26th of the previous year.
TTMI Trading at 19.33% 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 -0.72% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares surge +22.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.80% upper at present.
During the last 5 trading sessions, TTMI rose by +7.09%, which changed the moving average for the period of 200-days by +25.21% in comparison to the 20-day moving average, which settled at $15.39. In addition, TTM Technologies Inc saw 12.78% 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 TTMI starting from Clapprood Tom, who sale 5,000 shares at the price of $17.78 back on May 07 ’24. After this action, Clapprood Tom now owns 47,264 shares of TTM Technologies Inc, valued at $88,910 using the latest closing price.
Sandeen Anthony Joseph, the President, AMI&I Business Unit of TTM Technologies Inc, sale 23,683 shares at $17.53 during a trade that took place back on May 06 ’24, which means that Sandeen Anthony Joseph is holding 28,056 shares at $415,163 based on the most recent closing price.
Stock Fundamentals for TTMI
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.18 for the gross margin
The net margin for TTM Technologies Inc stands at -0.0. The total capital return value is set at 0.03. Equity return is now at value -0.16, with -0.08 for asset returns.
Based on TTM Technologies Inc (TTMI), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 3.23.
Currently, EBITDA for the company is 272.1 million with net debt to EBITDA at 2.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.01. The receivables turnover for the company is 3.28for 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 2.09.
Conclusion
In conclusion, TTM Technologies Inc (TTMI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
