FormFactor Inc (NASDAQ: FORM) has a higher price-to-earnings ratio of 22.94x compared to its average ratio, The 36-month beta value for FORM is at 1.12. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for FORM is 76.68M, and currently, shorts hold a 2.97% of that float. The average trading volume for FORM on November 15, 2024 was 612.06K shares.
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FORM) stock’s latest price update
The stock price of FormFactor Inc (NASDAQ: FORM) has plunged by -0.78 when compared to previous closing price of 40.00, but the company has seen a -6.39% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-01 that FORM’s third-quarter 2024 results benefit from record DRAM probe-card revenues on strong demand. Its weak guidance hurts shares.
FORM’s Market Performance
FormFactor Inc (FORM) has experienced a -6.39% fall in stock performance for the past week, with a -9.20% drop in the past month, and a -20.48% drop in the past quarter. The volatility ratio for the week is 4.40%, and the volatility levels for the past 30 days are at 3.79% for FORM. The simple moving average for the last 20 days is -5.63% for FORM stock, with a simple moving average of -17.38% for the last 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 $44 based on the research report published on October 31, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see FORM reach a price target of $60, previously predicting the price at $48. The rating they have provided for FORM stocks is “Hold” according to the report published on August 01st, 2024.
TD Cowen gave a rating of “Hold” to FORM, setting the target price at $48 in the report published on May 02nd of the current year.
FORM Trading at -9.04% 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 -37.62% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 4.40%, as shares sank -10.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.63% lower at present.
During the last 5 trading sessions, FORM fell by -6.39%, which changed the moving average for the period of 200-days by +2.37% in comparison to the 20-day moving average, which settled at $42.06. In addition, FormFactor Inc saw -4.84% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FORM starting from St Dennis Thomas, who sale 3,100 shares at the price of $39.11 back on Nov 05 ’24. After this action, St Dennis Thomas now owns 37,429 shares of FormFactor Inc, valued at $121,233 using the latest closing price.
St Dennis Thomas, the Director of FormFactor Inc, proposed sale 3,100 shares at $39.11 during a trade that took place back on Nov 05 ’24, which means that St Dennis Thomas is holding shares at $121,233 based on the most recent closing price.
Stock Fundamentals for FORM
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.41 for the gross margin
The net margin for FormFactor Inc stands at 0.18. The total capital return value is set at 0.04. Equity return is now at value 15.12, with 12.42 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 4.11.
Currently, EBITDA for the company is 134.53 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 3.94. The receivables turnover for the company is 6.35for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.76.
Conclusion
In conclusion, FormFactor Inc (FORM) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
