As of close of business last night, FormFactor Inc.’s stock clocked out at $43.60, up 1.32% from its previous closing price of $43.03. In other words, the price has increased by $+0.57 from its previous closing price. On the day, 547351 shares were traded.
Ratios:
To gain a deeper understanding of FORM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 394.79. For the most recent quarter (mrq), Quick Ratio is recorded 3.52 and its Current Ratio is at 4.38. 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 February 08, 2024, Reiterated its Market Perform rating but revised its target price to $37 from $33 previously.
On July 17, 2023, Northland Capital Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $32.
Citigroup Downgraded its Buy to Neutral on April 03, 2023, whereas the target price for the stock was revised from $25 to $33.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 12 when Shahar Shai sold 10,000 shares for $42.12 per share. The transaction valued at 421,246 led to the insider holds 67,141 shares of the business.
Obregon-Jimenez Rebeca sold 8,490 shares of FORM for $318,461 on Dec 01. The Director now owns 11,603 shares after completing the transaction at $37.51 per share. On Nov 20, another insider, Shahar Shai, who serves as the CFO, SVP Global Finance of the company, sold 16,618 shares for $39.49 each. As a result, the insider received 656,190 and left with 77,941 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 3.38B and an Enterprise Value of 3.10B. As of this moment, FormFactor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.48, and their Forward P/E ratio for the next fiscal year is 27.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.10 while its Price-to-Book (P/B) ratio in mrq is 3.71. Its current Enterprise Value per Revenue stands at 4.68 whereas that against EBITDA is 24.41.
Stock Price History:
Over the past 52 weeks, FORM has reached a high of $45.15, while it has fallen to a 52-week low of $24.88. The 50-Day Moving Average of the stock is 40.75, while the 200-Day Moving Average is calculated to be 35.63.
Shares Statistics:
It appears that FORM traded 489.07K shares on average per day over the past three months and 489.46k shares per day over the past ten days. A total of 77.38M shares are outstanding, with a floating share count of 76.71M. Insiders hold about 1.15% of the company’s shares, while institutions hold 99.23% stake in the company. Shares short for FORM as of Feb 15, 2024 were 2.85M with a Short Ratio of 5.82, compared to 2.7M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.68% and a Short% of Float of 5.15%.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.19 for the current quarter, with a high estimate of $0.2 and a low estimate of $0.18, while EPS last year was $0.16. The consensus estimate for the next quarter is $0.22, with high estimates of $0.26 and low estimates of $0.19.
Analysts are recommending an EPS of between $1.27 and $0.9 for the fiscal current year, implying an average EPS of $1.05. EPS for the following year is $1.61, with 8 analysts recommending between $1.87 and $1.28.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $165.27M. It ranges from a high estimate of $167M to a low estimate of $165M. As of the current estimate, FormFactor Inc.’s year-ago sales were $161.42M, an estimated increase of 2.40% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $170.31M, an increase of 9.20% over than the figure of $2.40% in the same quarter last year. There is a high estimate of $175M for the next quarter, whereas the lowest estimate is $165M.
A total of 9 analysts have provided revenue estimates for FORM’s current fiscal year. The highest revenue estimate was $727.72M, while the lowest revenue estimate was $696.29M, resulting in an average revenue estimate of $708.82M. In the same quarter a year ago, actual revenue was $663.1M, up 6.90% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $795.79M in the next fiscal year. The high estimate is $830M and the low estimate is $749.96M. The average revenue growth estimate for next year is up 12.30% from the average revenue estimate for this year.
