TTM Technologies Inc. (TTMI) Reached A New High 2 times During The Past Five Days


As of Wednesday close, TTM Technologies Inc.’s (NASDAQ:TTMI) stock was up $0.16, moving up 1.03 percent to $15.67. The average number of shares traded per day over the past five days has been 327,060 shares. 2 times new highs have been achieved over the past 5 days, with a $0.54 gain in that time frame. In the last twenty days, the average volume was 516,005, while in the previous 50 days, it was 522,308.

Since last month, TTMI stock rose 2.55%. Shares of the company fell to $12.67 on 11/03/22, the lowest level in the past month. A 52-week high of $17.49 was reached on 08/25/22 after having rallying from a 52-week low of $9.76. Since the beginning of this year, TTMI’s stock price has risen by 5.17% or $0.77, and marked a new high 7 times. However, the stock has declined by -10.38% since its 52-week high.

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TTMI stock investors should be aware that TTM Technologies Inc. (TTMI) stock had its last reported insider trading activity 108 days ago on Aug 08. Weber Daniel J, the EVP, General Counsel of the company, disposed of 10,000 shares for $16.36 on Aug 08. It resulted in a $163,594 divestment by the insider. Hardwick William Kent sold 5,000 shares at an average price of $16.29 on Aug 08. The insider now owns 82,889 shares following the transaction. On Jun 23, VP, Corporate Controller SANCHEZ TONY sold 4,832 shares at $12.13 apiece. The transaction was valued at $58,608.

Valuation Metrics

Right now, TTM Technologies Inc. (TTMI) has a P/E ratio of about 16.80. The stock’s beta is 1.47. Besides these, the trailing price-to-sales (P/S) ratio of 0.64, the price-to-book (PB) ratio of 1.05, and the price-to-cash flow ratio of 9.76 may also be considered.

Financial Health

In the three months ended September 29, TTM Technologies Inc.’s quick ratio stood at 1.70, while its current ratio was 1.90, 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 0.62, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 17.50% percent. In the year ended September 29, operating margins totaled 5.90%. Based on annual data, TTMI earned $372.01 million in gross profit and brought in $2.25 billion 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 4.00%. Return on equity (ROE) for the past 12 months was 6.60%.

In TTM Technologies Inc.’s quarter-end financial report for September 29, it reported total debt of $929.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TTMI’s revenue rose 17.03% to $625.55 million during the quarter, while net income inched up to $671.08 million. While analysts expected TTM Technologies Inc. to report $0.43 quarterly earnings, the actual figure was $0.56 per share, beating the consensus estimate by 30.20%. During the quarter, the company generated $85.99 million in EBITDA. The liabilities of TTM Technologies Inc. were 1.77 billion at the end of its most recent quarter ended September 29, and its total debt was $964.61 million. The value of shareholders’ equity is $102.21 million.

Technical Picture

This quick technical analysis looks at TTM Technologies Inc.’s (TTMI) price momentum. With a historical volatility rate of 40.30%, the RSI 9-day stood at 63.24% on 23 November.

With respect to its five-day moving average, the current TTM Technologies Inc. price is up by +3.57% percent or $0.54. At present, TTMI shares trade +3.09% above its 20-day simple moving average and +31.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.02% above its SMA50 and +10.98% above its SMA200.

Stochastic coefficient K was 91.22% and Stochastic coefficient D was 88.45%, while ATR was 0.52. Given the Stochastic reading of 97.84% for the 14-day period, the RSI (14) reading has been calculated as 59.56%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at 0.60.

Analyst Ratings

TTM Technologies Inc. downgraded its rating on TTM Technologies Inc. (NASDAQ: TTMI) to a Hold in a note to investors on February 10, 2022. The analysts firm previously had a Buy rating on the stock.

With a median target price of $17.50, the current consensus forecast for the stock is $16.00 – $20.75. Based on these forecasts, analysts predict TTM Technologies Inc. (TTMI) will achieve an average price target of $17.94.


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