FormFactor Inc (NASDAQ: FORM) has a higher price-to-earnings ratio of 27.63x compared to its average ratio. FORM has 36-month beta value of 1.08. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for FORM is 76.69M, and currently, short sellers hold a 4.19% ratio of that float. The average trading volume of FORM on December 26, 2024 was 741.28K shares.
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FORM) stock’s latest price update
FormFactor Inc (NASDAQ: FORM)’s stock price has gone rise by 4.21 in comparison to its previous close of 45.87, however, the company has experienced a 9.73% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-12-20 that FormFactor’s diversified product portfolio and leadership in DRAM and HBM probe cards position it well for growth in semiconductor testing and advanced packaging markets. The Systems segment is expanding with solutions for quantum computing, silicon photonics, and co-packaged optics, anticipating significant demand by FY25 or early FY26. Q3 financials show strong revenue growth and improved free cash flow, despite a slight decrease in gross margin due to product mix and quality costs.
FORM’s Market Performance
FormFactor Inc (FORM) has experienced a 9.73% rise in stock performance for the past week, with a 16.48% rise in the past month, and a 9.36% rise in the past quarter. The volatility ratio for the week is 7.43%, and the volatility levels for the past 30 days are at 4.76% for FORM.. The simple moving average for the past 20 days is 11.78% for FORM’s stock, with a -0.53% 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 $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 13.52% 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 -24.87% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 7.43%, as shares surge +15.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.89% lower at present.
During the last 5 trading sessions, FORM rose by +8.96%, which changed the moving average for the period of 200-days by +8.37% in comparison to the 20-day moving average, which settled at $42.74. In addition, FormFactor Inc saw 15.42% 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 $40.59 back on Dec 02 ’24. After this action, SLESSOR MIKE now owns 526,531 shares of FormFactor Inc, valued at $162,341 using the latest closing price.
MIKE SLESSOR, the Officer of FormFactor Inc, proposed sale 4,000 shares at $40.58 during a trade that took place back on Dec 02 ’24, which means that MIKE SLESSOR is holding shares at $162,337 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 -0.8. When we switch over and look at the enterprise to sales, we see a ratio of 4.8. 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
To put it simply, FormFactor Inc (FORM) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
