FormFactor Inc. (FORM) Price Targets: What Do They Mean?

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As of Wednesday close, FormFactor Inc.’s (NASDAQ:FORM) stock was up $0.25, moving up 1.11 percent to $22.80. The average number of shares traded per day over the past five days has been 388,820 shares. 2 times new highs have been achieved over the past 5 days, with a $0.61 gain in that time frame. In the last twenty days, the average volume was 859,125, while in the previous 50 days, it was 675,720.

Since last month, FORM stock retreated -14.83%. Shares of the company fell to $18.15 on 11/03/22, the lowest level in the past month. A 52-week high of $47.48 was reached on 01/03/22 after having rallying from a 52-week low of $18.15. Since the beginning of this year, FORM’s stock price has dropped by -50.13% or -$22.92, and marked a new high 1 time. However, the stock has declined by -51.98% since its 52-week high.


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FORM stock investors should be aware that FormFactor Inc. (FORM) stock had its last reported insider trading activity 191 days ago on May 17. LINK RAYMOND A, the Director of the company, disposed of 1,600 shares for $40.23 on May 17. It resulted in a $64,368 divestment by the insider. STEVEN-WAISS KELLEY sold 6,000 shares at an average price of $42.62 on Feb 09. The insider now owns 15,998 shares following the transaction. On Feb 08, Director Obregon-Jimenez Rebeca sold 2,400 shares at $41.61 apiece. The transaction was valued at $99,869.

Valuation Metrics

Right now, FormFactor Inc. (FORM) has a P/E ratio of about 19.96. The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 2.22, the price-to-book (PB) ratio of 2.18, and the price-to-cash flow ratio of 18.24 may also be considered.

Financial Health

In the three months ended September 29, FormFactor Inc.’s quick ratio stood at 2.30, while its current ratio was 3.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.02, and the total debt-to-equity ratio was 0.02. On the profitability front, the trailing twelve-month gross margin is 44.10% percent. In the year ended September 29, operating margins totaled 13.10%. Based on annual data, FORM earned $322.77 million in gross profit and brought in $769.67 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.90%. Return on equity (ROE) for the past 12 months was 11.00%.

In FormFactor Inc.’s quarter-end financial report for September 29, it reported total debt of $14.65 million against cash and short-term investments of $130.99 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FORM’s revenue fell -5.03% to $203.91 million during the quarter, while net income inched up to $180.87 million. While analysts expected FormFactor Inc. to report $0.21 quarterly earnings, the actual figure was $0.24 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated $13.42 million in EBITDA. The liabilities of FormFactor Inc. were 214.06 million at the end of its most recent quarter ended September 29, and its total debt was $52.94 million. The value of shareholders’ equity is $77.03 million.

Technical Picture

This quick technical analysis looks at FormFactor Inc.’s (FORM) price momentum. With a historical volatility rate of 42.86%, the RSI 9-day stood at 56.76% on 23 November.

With respect to its five-day moving average, the current FormFactor Inc. price is up by +2.75% percent or $0.61. At present, FORM shares trade -15.99% below its 20-day simple moving average and -33.70% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.87% below its SMA50 and -45.92% below its SMA200.

Stochastic coefficient K was 84.29% and Stochastic coefficient D was 83.67%, while ATR was 1.06. Given the Stochastic reading of 89.48% for the 14-day period, the RSI (14) reading has been calculated as 51.05%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 1.09.

Analyst Ratings

FormFactor Inc. downgraded its rating on FormFactor Inc. (NASDAQ: FORM) to a Hold in a note to investors on October 27, 2022. The analysts firm previously had a Buy rating on the stock.FormFactor Inc. (FORM) has been rated Overweight by analysts. According to 0 brokerage firms, FORM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate FormFactor Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $30.00, the current consensus forecast for the stock is $25.00 – $40.00. Based on these forecasts, analysts predict FormFactor Inc. (FORM) will achieve an average price target of $31.25.

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