The stock of TTM Technologies Inc (TTMI) has seen a -6.05% decrease in the past week, with a 5.77% gain in the past month, and a -11.00% decrease in the past quarter. The volatility ratio for the week is 3.40%, and the volatility levels for the past 30 days are at 2.75% for TTMI. The simple moving average for the last 20 days is 1.73% for TTMI’s stock, with a simple moving average of 11.08% for the last 200 days.
Is It Worth Investing in TTM Technologies Inc (NASDAQ: TTMI) Right Now?
TTM Technologies Inc (NASDAQ: TTMI) has a price-to-earnings ratio that is above its average at 118.67x. The stock has a 36-month beta value of 1.25. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for TTMI is 98.87M, and at present, short sellers hold a 2.07% of that float. On October 25, 2024, the average trading volume of TTMI was 830.46K shares.
TTMI) stock’s latest price update
TTM Technologies Inc (NASDAQ: TTMI) has experienced a rise in its stock price by 3.72 compared to its previous closing price of 18.57. However, the company has seen a fall of -6.05% in its stock price over the last five trading days. globenewswire.com reported 2024-10-09 that SANTA ANA, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) — TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on Wednesday, October 30, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time to discuss its third quarter 2024 performance.
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 2.65% 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 -15.17% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares surge +2.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.65% upper at present.
During the last 5 trading sessions, TTMI fell by -6.05%, which changed the moving average for the period of 200-days by +30.31% in comparison to the 20-day moving average, which settled at $18.93. In addition, TTM Technologies Inc saw 21.82% 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 Powers Shawn A., who proposed sale 7,000 shares at the price of $20.50 back on Aug 23 ’24. After this action, Powers Shawn A. now owns shares of TTM Technologies Inc, valued at $143,500 using the latest closing price.
Powers Shawn A., the EVP, Human Resources of TTM Technologies Inc, sale 7,000 shares at $20.50 during a trade that took place back on Aug 23 ’24, which means that Powers Shawn A. is holding 101,741 shares at $143,500 based on the most recent closing price.
Stock Fundamentals for TTMI
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.18 for the gross margin
The net margin for TTM Technologies Inc stands at 0.01. The total capital return value is set at 0.03. Equity return is now at value 1.11, with 0.53 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 0.21. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 1.9.
Currently, EBITDA for the company is 272.1 million with net debt to EBITDA at 2.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 3.13for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
To sum up, TTM Technologies Inc (TTMI) 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.
