FormFactor Inc. (FORM)’s latest performance is not what we had anticipated

A new trading day began on January 23, 2023, with FormFactor Inc. (NASDAQ: FORM) stock priced at $25.89, up 8.17% from the previous day of trading. During the day, the shares moved up to $27.98 and dropped to $25.66 before settling in for the closing price of $25.82. FORM’s price has ranged from $18.15 to $44.40 over the past 52 weeks.

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Annual sales at Technology sector company grew by 14.90% over the past five years. Meanwhile, its annual earnings per share averaged 6.70%. With a float of $76.31 million, this company’s outstanding shares have now reached $77.25 million.

Let’s look at the performance matrix of the company that is accounted for 2293 employees.

FormFactor Inc. (FORM) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of FormFactor Inc. is 0.70%, while institutional ownership is 97.10%. The most recent insider transaction that took place on May 17, was worth 64,368. In this transaction Director of this company sold 1,600 shares at a rate of $40.23, taking the stock ownership to the 61,392 shares. Before that another transaction happened on Feb 09, when Company’s Director sold 6,000 for $42.62, making the entire transaction worth $255,703. This insider now owns 15,998 shares in total.

FormFactor Inc. (FORM) Performance Highlights and Predictions

In its latest quarterly report, released on 9/29/2022, the company reported earnings of $0.24 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 6.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 65.70% growth over the previous five years of trading.

FormFactor Inc. (NASDAQ: FORM) Trading Performance Indicators

Here are FormFactor Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.64. Likewise, its price to free cash flow for the trailing twelve months is 21.66.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.14, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.84 in one year’s time.

Technical Analysis of FormFactor Inc. (FORM)

FormFactor Inc. (NASDAQ: FORM) saw its 5-day average volume 0.39 million, a negative change from its year-to-date volume of 0.39 million. As of the previous 9 days, the stock’s Stochastic %D was 87.67%. Additionally, its Average True Range was 1.02.

During the past 100 days, FormFactor Inc.’s (FORM) raw stochastic average was set at 71.00%, which indicates a significant decrease from 99.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.84% in the past 14 days, which was lower than the 65.41% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $23.27, while its 200-day Moving Average is $30.80. Nevertheless, the first resistance level for the watch stands at $28.72 in the near term. At $29.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $31.04. If the price goes on to break the first support level at $26.40, it is likely to go to the next support level at $24.87. Assuming the price breaks the second support level, the third support level stands at $24.08.

FormFactor Inc. (NASDAQ: FORM) Key Stats

With a market capitalization of 2.08 billion, the company has a total of 77,025K Shares Outstanding. Currently, annual sales are 769,670 K while annual income is 83,920 K. The company’s previous quarter sales were 180,870 K while its latest quarter income was 4,350 K.


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