It’s still a bull thesis, just subverted: FormFactor Inc. (FORM)

A share price of FormFactor Inc. [FORM] is currently trading at $24.45, up 3.65%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FORM shares have gain 11.49% over the last week, with a monthly amount glided 34.41%, and seem to be holding up well over a long-time horizon.

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On 21, November 2022, FormFactor Announces Participation In 11th Annual NYC Summit. In a post published today on Yahoo Finance, FormFactor, Inc. (Nasdaq: FORM) is pleased to announce its participation in the following investor conference:.

From an analyst’s perspective:

FormFactor Inc. [NASDAQ: FORM] stock has seen the most recent analyst activity on October 27, 2022, when Stifel downgraded its rating to a Hold but kept the price target unchanged to $30 for it. Previously, Needham reaffirmed its Buy rating on October 17, 2022, and dropped its price target to $35. On January 06, 2022, Needham reiterated its Buy rating and revised its price target to $54 on the stock. DA Davidson downgraded its rating to a Neutral but stick to its price target of $50 on July 29, 2021. CL King initiated its recommendation with a Buy and recommended $42 as its price target on June 25, 2021. DA Davidson upgraded its rating to Buy for this stock on June 04, 2021. In a note dated February 04, 2021, Cowen reiterated an Market Perform rating on this stock and boosted its target price from $45 to $50.

FormFactor Inc. experienced fluctuations in its stock price throughout the past year between $18.15 and $47.48. FormFactor Inc. [NASDAQ: FORM] shares were valued at $24.45 at the most recent close of the market.

Analyzing the FORM fundamentals

During the last quarter, FormFactor Inc. [NASDAQ:FORM] saw sales of 180.87 billion, an decline of -4.80%. Gross Margin for this corporation currently stands at +41.49% with Operating Margin at +13.24%, Pretax Margin comes in at +12.80%, and Net Margin reading is +10.90%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.70 points at the first support level, and at 22.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.83, and for the 2nd resistance point, it is at 25.22.

FormFactor Inc. [FORM] reported earnings per share of $0.24 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.03 and a surprise factor of 14.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.46 per share as compared to estimates of $0.43 per share, a difference of $0.03 representing a surprise of 7.00%.

Ratios To Look Out For

A current ratio of 3.20 is a noteworthy aspect of FormFactor Inc. [NASDAQ:FORM]. As well, the Quick Ratio is 2.77, while the Cash Ratio is 1.87. Considering the valuation of this stock, the price to sales ratio is 4.58, the price to book ratio is 4.27 and the P/E (TTM) ratio is 21.41.

Transactions by insiders

Recent insider trading involved LINK RAYMOND A, Director, that happened on May 17 when 1600.0 shares were sold. Director, STEVEN-WAISS KELLEY completed a deal on Feb 09 to sell 6000.0 shares. Meanwhile, Director Obregon-Jimenez Rebeca sold 2400.0 shares on Feb 08.