If you’re on the hunt for stocks to watch today, FormFactor, Inc. (NASDAQ:FORM) is a stock to give close attention to. The company shares are trading 3.43% or 0.62 points up from last closing price of $18.07, reaching $18.69 at last check. The FORM share price has risen in 3 of the last 5 days and is up 16.06% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -28,914 shares, and in total 204286 shares valued at $3.818 million were seen changing hands compared with 233200 shares valued at $4.214 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in FORM stock for the next couple of days.
FormFactor, Inc. (FORM) shares have notched a 3-month gain of about 16.06%, but has still advanced 28.25% year to date. By comparison, the stock added 33.36% over the past 12 months, while it jumped 8.59% over the 1 month. The company’s market cap is around $1.37B, with its short interest ratio standing at 8.25%.
In the current trading session for FORM, the stock witnessed two major price actions, it rose to a high of $18.72 and was down as much as $18.14 at one point. The high recorded is very low when compared to their 52-week high which is $11.38. The 52-week high is now at -6.06 distance from current price. Their recent low of $19.9 represents a 64.24% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for FORM is $19.29, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of FormFactor, Inc. earned $1.37 per share in the trailing 12 months and has a P/E ratio of 13.64. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 25.68 and lower compared to the sector’s average of 29.02. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. FORM also has P/S multiple of 2.6. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.79x.
The company recorded an interesting insider sale transaction by the CEO on Sep 05, 2019. A Securities and Exchanges Commission filings show that Mike Slessor sold a total of 14,835 FORM shares that day for a sum of around $267,475. The filings show that the insider now retains 366,434 shares, currently worth $6,848,651. FormFactor, Inc. (FORM) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 111,348 shares. In total, individual insiders traded 111,348 shares in the business, which makes up 61.881% of 179,939 shares that were traded over a year. In the past 12 months, insiders have purchased zero shares while the seller parted with 179,939 shares.
FORM‘s last price was up 18.2% as compared to the average trading price of 50 days recorded at $15.81 while enlarging the period to 200 trading days, the average closing price was $16.57. At present, there are 75.95 million in the total number of common shares owned by the public and among those 74.21 million shares have been available to trade. The percentage of shares being held by the company management was 1% while institutions stake was 95.6%. The company has generated positive returns on equity over the last 12 months (18.6%). It managed to keep its gross profit margin at 39.8% over the past 12 months.
When assessing the full upside of the FORM stock, there is another set of technicals that should be looked into and considered. Its 9.1% gain from moving average of $17.13 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.68 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of FormFactor, Inc. — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 3 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $18.6667 on shares of FormFactor, Inc. (NASDAQ:FORM), which corresponds to 0.34% downside potential than its current market price of $18.69 and implies potential despite the recent advance in the price. However, their current target price has fallen from $18.6667 a month ago and is up handily from the consensus target of $18.1667 a quarter ago.
In the last five years, the EPS of the company has been roughly 27%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has risen at an average annualized rate of about 18 over the last five years. The company recently recorded an increase of 1.8%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards FORM stock. Mackenzie Financial Corp changed position in the company and now owns 10,650 shares worth $199,049, SEC documents show. Needham Investment Management LLC cut assets in the stock as 812652.1 shares have been sold, reducing its stake by -17.8% to 668,000 shares which are currently valued at $12,484,920. In addition, Primecap Management Co. CA recently reported that it now owns 4,537,818 shares making a total of $84,811,818 based on the recent price. This refelects a change of -1.3% in their ownership.