As of Friday close, TTM Technologies Inc.’s (NASDAQ:TTMI) stock was up $0.09, moving up 0.62 percent to $14.57. The average number of shares traded per day over the past five days has been 589,140 shares. 1 time new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 662,485, while in the previous 50 days, it was 568,856.
Since last month, TTMI stock rose 4.29%. Shares of the company fell to $13.75 on 07/21/23, the lowest level in the past month. A 52-week high of $17.49 was reached on 01/18/23 after having rallying from a 52-week low of $11.13. Since the beginning of this year, TTMI’s stock price has dropped by -3.38% or -$0.51, and marked a new high 9 times. However, the stock has declined by -16.67% since its 52-week high.
TTMI stock investors should be aware that TTM Technologies Inc. (TTMI) stock had its last reported insider trading activity 11 days ago on Aug 08. Knecht Dale Martin, the SVP Information Technology of the company, disposed of 20,000 shares for $15.09 on Aug 08. It resulted in a $301,724 divestment by the insider. Weber Daniel J sold 16,000 shares at an average price of $14.91 on Aug 07. The insider now owns 92,598 shares following the transaction. On Aug 07, EVP, A&D BU President Gridley Catherine A sold 10,000 shares at $14.91 apiece. The transaction was valued at $149,094.
Valuation Metrics
Right now, TTM Technologies Inc. (TTMI) has a P/E ratio of about 29.98. The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 0.62, the price-to-book (PB) ratio of 0.98, and the price-to-cash flow ratio of 8.74 may also be considered.
Financial Health
In the three months ended June 29, TTM Technologies Inc.’s quick ratio stood at 1.90, while its current ratio was 2.20, 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 June 29 was 0.58, and the total debt-to-equity ratio was 0.58. On the profitability front, the trailing twelve-month gross margin is 18.30% percent. In the year ended June 29, EBITDA margin amounted to 12.35%, whereas operating margins totaled 8.90%. Based on annual data, TTMI earned $457.96 million in gross profit and brought in $2.5 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 4.90%. Return on equity (ROE) for the past 12 months was 6.20%.
In TTM Technologies Inc.’s quarter-end financial report for June 29, it reported total debt of $867.91 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 fell -14.46% to $544.44 million during the quarter, while net income inched up to $546.51 million. While analysts expected TTM Technologies Inc. to report $0.2 quarterly earnings, the actual figure was $0.32 per share. During the quarter, the company generated $53.12 million in EBITDA. The liabilities of TTM Technologies Inc. were 1.6 billion at the end of its most recent quarter ended June 29, and its total debt was $897.4 million. The value of shareholders’ equity is $103.87 million.
Technical Picture
This quick technical analysis looks at TTM Technologies Inc.’s (TTMI) price momentum. With a historical volatility rate of 20.46%, the RSI 9-day stood at 54.89% on 18 August.
With respect to its five-day moving average, the current TTM Technologies Inc. price is up by +0.55% percent or $0.08. At present, TTMI shares trade +5.27% above its 20-day simple moving average and +14.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.46% above its SMA50 and -4.83% below its SMA200.
Stochastic coefficient K was 34.65% and Stochastic coefficient D was 32.21%, while ATR was 0.39. Given the Stochastic reading of 45.67% for the 14-day period, the RSI (14) reading has been calculated as 55.65%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.18.
Analyst Ratings
TTM Technologies Inc. downgraded its rating on TTM Technologies Inc. (NASDAQ: TTMI) to a Hold in a note to investors on January 26, 2023. The analysts firm previously had a Buy rating on the stock.TTM Technologies Inc. (TTMI) has been rated Overweight by analysts. According to 0 brokerage firms, TTMI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate TTM Technologies Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $16.50, the current consensus forecast for the stock is $15.00 – $20.75. Based on these forecasts, analysts predict TTM Technologies Inc. (TTMI) will achieve an average price target of $17.19.
