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The closing price of TTM Technologies Inc (NASDAQ: TTMI) was $21.18 for the day, down -1.94% from the previous closing price of $21.60. In other words, the price has decreased by -$1.94 from its previous closing price. On the day, 1.11 million shares were traded. TTMI stock price reached its highest trading level at $21.96 during the session, while it also had its lowest trading level at $21.18.
Ratios:
Our analysis of TTMI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 2.09. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.66.
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, Stifel on May 02, 2024, Upgraded its rating to Buy and sets its target price to $19 from $15 previously.
On November 02, 2023, Truist Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $16 to $16.50.
Stifel Downgraded its Buy to Hold on January 26, 2023, while the target price for the stock was maintained at $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 03 ’24 when Soder Douglas L sold 9,714 shares for $20.00 per share. The transaction valued at 194,280 led to the insider holds 204,493 shares of the business.
Soder Douglas L sold 15,286 shares of TTMI for $306,166 on Jun 26 ’24. The EVP, President now owns 214,207 shares after completing the transaction at $20.03 per share. On Jun 26 ’24, another insider, Jankowsky Jeff, who serves as the President, A&D C4Isr of the company, sold 10,000 shares for $20.04 each. As a result, the insider received 200,415 and left with 60,273 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 2197319168 and an Enterprise Value of 2725624832. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 1.207 whereas that against EBITDA is 9.81.
Stock Price History:
Over the past 52 weeks, TTMI has reached a high of $22.70, while it has fallen to a 52-week low of $11.14. The 50-Day Moving Average of the stock is 9.12%, while the 200-Day Moving Average is calculated to be 34.04%.
Shares Statistics:
TTMI traded an average of 823.72K shares per day over the past three months and 1229080 shares per day over the past ten days. A total of 102.11M shares are outstanding, with a floating share count of 98.63M. Insiders hold about 3.09% of the company’s shares, while institutions hold 97.75% stake in the company. Shares short for TTMI as of 1721001600 were 2678635 with a Short Ratio of 3.25, compared to 1718323200 on 1652882. Therefore, it implies a Short% of Shares Outstanding of 2678635 and a Short% of Float of 3.9100002000000003.
