TTM Technologies Inc. (NASDAQ:TTMI) saw an upside of 1.51% to close Monday at $13.41 after adding $0.2 on the day. The 5-day average trading volume is 1,523,080 shares of the company’s common stock. It has gained $13.52 in the past week. An average of 1,436,680 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,104,628.
TTMI’s 1-month performance is -1.11% or -$0.15 on its low of $12.31 reached on 09/23/21. The company’s shares have touched a 52-week low of $11.55 and high of $15.36, with the stock’s rally to the 52-week high happening on 05/28/21. YTD, TTMI has lost -2.79% or -$0.39. However, the current price is down -12.70%% from the 52-week high price.
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On Aug 02, 71 days have gone by since the last insider trading activity for TTM Technologies Inc. (TTMI). Chung Tai Keung (See Remarks) most recently sold 17,862 shares at $14.09 per share on Aug 02. This transaction cost the insider $251,760. EVP & COO, Titterton Philip, sold 6,809 shares at a price of $14.37 on Jun 23. Then, on Jun 23, VP, Corporate Controller SANCHEZ TONY sold 2,654 shares at a price of $14.36 per share. This transaction amounted to $38,122.
The company’s PE ratio for the last five years has touched a high of 79.83 and a low of 5.230. TTMI stock has a beta of 1.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.67 while the price-to-book (PB) in the most recent quarter is 0.98, with the price to cash flow ratio at 9.89.
TTM Technologies Inc.’s quick ratio for the period ended June 29 was 2.30, with the current ratio over the same period at 2.50 meaning that TTMI stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.63, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 16.80%. The trailing 12-month EBITDA margin is 12.57% while for the period ending June 29; TTM Technologies Inc.’s operating margin was 1.60%. The firm’s gross profit as reported stood at $359.02 million against revenue of $2.11 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -0.51% to $567.38 million, while revenue of $526.43 million was 7.22% off the previous quarter. Analysts expected TTMI to announce $0.3 per share in earnings in its latest quarter, but it posted $0.36, representing a 20.00% surprise. EBITDA for the quarter stood at more than $73.09 million. TTMI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.56 billion, with total debt at $957.55 million. Shareholders hold equity totaling $107.79 million
Let’s look briefly at TTM Technologies Inc. (TTMI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 69.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.50%.
The stock’s 5-day moving average is $13.11, reflecting a +5.76% or $0.73 change from its current price. TTMI is currently trading -1.47% above its 20-day SMA, -10.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.15% and -1.40% respectively.
Stochastic %K and %D was 90.95% and 77.87% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 59.28%, while the 14-day stochastic is at 90.91% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at 0.35 and 0.46 on the 14-day charts.
In the most recent analyst report for TTM Technologies Inc. (NASDAQ: TTMI), Craig Hallum launched coverage with a Buy rating. Analysts offering their rating for TTMI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TTMI as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is TTMI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $22.00, with their median price target at $18.00. Looking at these predictions, the average price target given by analysts is for TTM Technologies Inc. (TTMI) stock is $18.63.