FormFactor Inc. (NASDAQ: FORM) has a price-to-earnings ratio that is above its average at 36.60x. The stock has a 36-month beta value of 1.11. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for FORM is 76.40M, and at present, short sellers hold a 2.29% of that float. On August 01, 2024, the average trading volume of FORM was 652.23K shares.
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FORM) stock’s latest price update
The stock price of FormFactor Inc. (NASDAQ: FORM) has plunged by -10.41 when compared to previous closing price of 53.56, but the company has seen a -7.19% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-31 that FormFactor, Inc. (NASDAQ:FORM ) Q2 2024 Earnings Conference Call July 31, 2024 4:25 PM ET Company Participants Stan Finkelstein – Investor Relations Michael Slessor – President, CEO & Director Shai Shahar – CFO Conference Call Participants Craig Ellis – B. Riley Securities Charles Shi – Needham & Company Tom Diffely – D.A.
FORM’s Market Performance
FormFactor Inc. (FORM) has experienced a -7.19% fall in stock performance for the past week, with a -21.25% drop in the past month, and a 9.08% rise in the past quarter. The volatility ratio for the week is 6.23%, and the volatility levels for the past 30 days are at 4.48% for FORM. The simple moving average for the last 20 days is -17.04% for FORM stock, with a simple moving average of 5.44% for the last 200 days.
Analysts’ Opinion of FORM
TD Cowen, on the other hand, stated in their research note that they expect to see FORM reach a price target of $48, previously predicting the price at $37. The rating they have provided for FORM stocks is “Hold” according to the report published on May 02nd, 2024.
Evercore ISI gave a rating of “In-line” to FORM, setting the target price at $50 in the report published on April 16th of the current year.
FORM Trading at -16.74% 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 -24.58% of loss for the given period.
Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 6.23%, as shares sank -23.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.56% lower at present.
During the last 5 trading sessions, FORM fell by -8.23%, which changed the moving average for the period of 200-days by +40.08% in comparison to the 20-day moving average, which settled at $57.10. In addition, FormFactor Inc. saw 15.04% 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:
- 0.04 for the present operating margin
- 0.41 for the gross margin
The net margin for FormFactor Inc. stands at 0.17. The total capital return value is set at 0.03. 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 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 2.75. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -17.58.
Currently, EBITDA for the company is 56.1 million with net debt to EBITDA at -3.32. When we switch over and look at the enterprise to sales, we see a ratio of 4.95. The receivables turnover for the company is 6.23for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.51.
Conclusion
To sum up, FormFactor Inc. (FORM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
