After finishing at $14.76 in the prior trading day, TTM Technologies Inc (NASDAQ: TTMI) closed at $14.85, up 0.61%. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 829582 shares were traded. TTMI stock price reached its highest trading level at $15.09 during the session, while it also had its lowest trading level at $14.77.
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Ratios:
Our goal is to gain a better understanding of TTMI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.73 and its Current Ratio is at 2.03. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on November 02, 2023, Upgraded its rating to Buy and sets its target price to $16.50 from $16 previously.
On January 26, 2023, Stifel Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $17.
Truist Downgraded its Buy to Hold on February 10, 2022, whereas the target price for the stock was revised from $16 to $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 16 when Farrell Robert P. sold 459 shares for $15.63 per share. The transaction valued at 7,174 led to the insider holds 20,038 shares of the business.
Clapprood Tom sold 3,500 shares of TTMI for $57,671 on Feb 12. The President A&D Radar Systems now owns 52,264 shares after completing the transaction at $16.48 per share. On Feb 02, another insider, SANCHEZ TONY, who serves as the VP, Corporate Controller of the company, sold 191 shares for $14.15 each. As a result, the insider received 2,703 and left with 22,928 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TTMI now has a Market Capitalization of 1.51B and an Enterprise Value of 2.07B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 0.91 whereas that against EBITDA is 7.66.
Stock Price History:
Over the past 52 weeks, TTMI has reached a high of $16.53, while it has fallen to a 52-week low of $11.13. The 50-Day Moving Average of the stock is 15.06, while the 200-Day Moving Average is calculated to be 14.05.
Shares Statistics:
The stock has traded on average 712.28K shares per day over the past 3-months and 674.81k shares per day over the last 10 days, according to various share statistics. A total of 102.11M shares are outstanding, with a floating share count of 99.41M. Insiders hold about 2.77% of the company’s shares, while institutions hold 96.15% stake in the company. Shares short for TTMI as of Feb 15, 2024 were 1.38M with a Short Ratio of 1.94, compared to 937.25k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.35% and a Short% of Float of 1.90%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0.27 for the current quarter, with a high estimate of $0.28 and a low estimate of $0.27, while EPS last year was $0.18. The consensus estimate for the next quarter is $0.35, with high estimates of $0.41 and low estimates of $0.31.
Analysts are recommending an EPS of between $1.65 and $1.3 for the fiscal current year, implying an average EPS of $1.46. EPS for the following year is $1.72, with 4 analysts recommending between $1.95 and $1.62.
Revenue Estimates
4 analysts predict $551.76M in revenue for the current quarter. It ranges from a high estimate of $559.04M to a low estimate of $548M. As of the current estimate, TTM Technologies Inc’s year-ago sales were $544.44M, an estimated increase of 1.30% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $576.43M, an increase of 5.50% over than the figure of $1.30% in the same quarter last year. There is a high estimate of $591.97M for the next quarter, whereas the lowest estimate is $566.7M.
A total of 4 analysts have provided revenue estimates for TTMI’s current fiscal year. The highest revenue estimate was $2.38B, while the lowest revenue estimate was $2.3B, resulting in an average revenue estimate of $2.33B. In the same quarter a year ago, actual revenue was $2.23B, up 4.50% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $2.47B in the next fiscal year. The high estimate is $2.53B and the low estimate is $2.41B. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
