In the past week, TTMI stock has gone up by 3.61%, with a monthly gain of 22.48% and a quarterly surge of 22.91%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 3.53% for TTM Technologies Inc The simple moving average for the past 20 days is 1.22% for TTMI’s stock, with a 31.48% simple moving average for the past 200 days.
Is It Worth Investing in TTM Technologies Inc (NASDAQ: TTMI) Right Now?
The price-to-earnings ratio for TTM Technologies Inc (NASDAQ: TTMI) is above average at 36.67x. The 36-month beta value for TTMI is also noteworthy at 1.21. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TTMI is 98.91M, and at present, short sellers hold a 1.97% of that float. The average trading volume of TTMI on November 28, 2024 was 742.03K shares.
TTMI) stock’s latest price update
TTM Technologies Inc (NASDAQ: TTMI) has seen a decline in its stock price by -0.37 in relation to its previous close of 24.23. However, the company has experienced a 3.61% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 15.55% 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 -5.30% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +22.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.47% upper at present.
During the last 5 trading sessions, TTMI rose by +3.61%, which changed the moving average for the period of 200-days by +61.90% in comparison to the 20-day moving average, which settled at $23.85. In addition, TTM Technologies Inc saw 52.69% 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 Jankowsky Jeff, who sale 5,000 shares at the price of $24.23 back on Nov 27 ’24. After this action, Jankowsky Jeff now owns 55,273 shares of TTM Technologies Inc, valued at $121,150 using the latest closing price.
Jankowsky Jeff, the Officer of TTM Technologies Inc, proposed sale 5,000 shares at $24.23 during a trade that took place back on Nov 27 ’24, which means that Jankowsky Jeff is holding shares at $121,150 based on the most recent closing price.
Stock Fundamentals for TTMI
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.18 for the gross margin
The net margin for TTM Technologies Inc stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 4.49, with 2.05 for asset returns.
Based on TTM Technologies Inc (TTMI), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 3.1.
Currently, EBITDA for the company is 210.41 million with net debt to EBITDA at 1.99. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 3.01for 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 2.00.
Conclusion
In summary, TTM Technologies Inc (TTMI) 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.
