FormFactor Inc. (NASDAQ: FORM)’s stock price has gone rise by 2.48 in comparison to its previous close of 60.93, however, the company has experienced a 4.89% increase in its stock price over the last five trading days. globenewswire.com reported 2024-06-20 that LIVERMORE, Calif., June 20, 2024 (GLOBE NEWSWIRE) — FormFactor, Inc. (NASDAQ: FORM), today announced management’s participation in the 16th Annual CEO Investor Summit 2024, being held Wednesday, July 10th at the St. Regis Hotel, San Francisco, CA.
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 47.62x. The 36-month beta value for FORM is also noteworthy at 1.11. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FORM is 76.45M, and at present, short sellers hold a 2.42% of that float. The average trading volume of FORM on July 04, 2024 was 582.29K shares.
FORM’s Market Performance
FORM stock saw an increase of 4.89% in the past week, with a monthly gain of 16.67% and a quarterly increase of 35.21%. The volatility ratio for the week is 3.99%, and the volatility levels for the last 30 days are 3.68% for FormFactor Inc. (FORM). The simple moving average for the past 20 days is 8.41% for FORM’s stock, with a 44.86% simple moving average for the past 200 days.
Analysts’ Opinion of FORM
Many brokerage firms have already submitted their reports for FORM stocks, with TD Cowen repeating the rating for FORM by listing it as a “Hold.” The predicted price for FORM in the upcoming period, according to TD Cowen is $48 based on the research report published on May 02, 2024 of the current year 2024.
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 14.26% 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 unable to rebound, for now settling with -0.38% of loss for the given period.
Volatility was left at 3.68%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares surge +17.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.58% upper at present.
During the last 5 trading sessions, FORM rose by +4.52%, which changed the moving average for the period of 200-days by +98.22% in comparison to the 20-day moving average, which settled at $58.05. In addition, FormFactor Inc. saw 49.70% 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 $59.00 back on Jul 01 ’24. After this action, SLESSOR MIKE now owns 487,581 shares of FormFactor Inc., valued at $236,001 using the latest closing price.
SLESSOR MIKE, the CEO of FormFactor Inc., sale 4,000 shares at $54.37 during a trade that took place back on Jun 03 ’24, which means that SLESSOR MIKE is holding 491,581 shares at $217,498 based on the most recent closing price.
Stock Fundamentals for FORM
Current profitability levels for the company are sitting at:
- 0.02 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 0.01. 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 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 3.81. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -6.33.
Currently, EBITDA for the company is 56.1 million with net debt to EBITDA at -3.61. When we switch over and look at the enterprise to sales, we see a ratio of 7.01. The receivables turnover for the company is 6.53for 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 summary, FormFactor Inc. (FORM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
