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The closing price of FormFactor Inc. (NASDAQ: FORM) was $56.65 for the day, up 0.91% from the previous closing price of $56.14. In other words, the price has increased by $0.91 from its previous closing price. On the day, 0.54 million shares were traded. FORM stock price reached its highest trading level at $57.235 during the session, while it also had its lowest trading level at $55.62.
Ratios:
Our analysis of FORM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 123.69. For the most recent quarter (mrq), Quick Ratio is recorded 3.67 and its Current Ratio is at 4.51. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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 this company, TD Cowen on May 02, 2024, Reiterated its Hold rating but revised its target price to $48 from $37 previously.
On April 16, 2024, Evercore ISI started tracking the stock assigning a In-line rating and target price of $50.
TD Cowen reiterated its Market Perform rating for the stock on February 08, 2024, while the target price for the stock was revised from $33 to $37.
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 May 07 ’24 when Rhodes Sheri sold 13,319 shares for $56.02 per share. The transaction valued at 746,144 led to the insider holds 7,634 shares of the business.
Shahar Shai sold 6,094 shares of FORM for $339,771 on May 07 ’24. The CFO, SVP Global Finance now owns 15,669 shares after completing the transaction at $55.76 per share. On May 06 ’24, another insider, Shahar Shai, who serves as the CFO, SVP Global Finance of the company, sold 5,828 shares for $54.40 each. As a result, the insider received 317,063 and left with 21,763 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, FORM now has a Market Capitalization of 4371680768 and an Enterprise Value of 4028968192. As of this moment, FormFactor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.20, and their Forward P/E ratio for the next fiscal year is 33.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.62 while its Price-to-Book (P/B) ratio in mrq is 4.74. Its current Enterprise Value per Revenue stands at 6.064 whereas that against EBITDA is 83.223.
Stock Price History:
Over the past 52 weeks, FORM has reached a high of $56.98, while it has fallen to a 52-week low of $27.46. The 50-Day Moving Average of the stock is 25.66%, while the 200-Day Moving Average is calculated to be 46.35%.
Shares Statistics:
FORM traded an average of 512.90K shares per day over the past three months and 752050 shares per day over the past ten days. A total of 77.38M shares are outstanding, with a floating share count of 76.80M. Insiders hold about 1.03% of the company’s shares, while institutions hold 99.79% stake in the company. Shares short for FORM as of 1713139200 were 2505927 with a Short Ratio of 4.89, compared to 1710460800 on 2195932. Therefore, it implies a Short% of Shares Outstanding of 2505927 and a Short% of Float of 4.5300003.
