At the time of writing, SiTime Corp [SITM] stock is trading at $124.58, up 10.58%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SITM shares have lost -1.67% over the last week, with a monthly amount drifted -18.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SiTime Corp [NASDAQ: SITM] stock has seen the most recent analyst activity on May 09, 2024, when Needham upgraded its rating to a Buy but kept the price target unchanged to $130 for it. Previously, Wolfe Research started tracking the stock with Outperform rating on July 20, 2023, and set its price target to $160. On May 05, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $88 on the stock. Needham downgraded its rating to a Hold. Credit Suisse initiated its recommendation with a Outperform and recommended $135 as its price target on November 16, 2022. Needham reiterated a Buy rating for this stock on October 11, 2022, and downed its price target to $125. In a note dated August 30, 2021, Credit Suisse initiated an Outperform rating and provided a target price of $225 on this stock.
For the past year, the stock price of SiTime Corp fluctuated between $72.39 and $165.11. Currently, Wall Street analysts expect the stock to reach $127 within the next 12 months. SiTime Corp [NASDAQ: SITM] shares were valued at $124.58 at the most recent close of the market. An investor can expect a potential return of 1.94% based on the average SITM price forecast.
Analyzing the SITM fundamentals
According to SiTime Corp [NASDAQ:SITM], the company’s sales were 154.81M for trailing twelve months, which represents an 58.20% jump. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.79%, Pretax Profit Margin comes in at -0.67%, and Net Profit Margin reading is -0.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.13 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 114.85 points at the first support level, and at 105.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.73, and for the 2nd resistance point, it is at 134.89.
Ratios To Look Out For
It is important to note that SiTime Corp [NASDAQ:SITM] has a current ratio of 6.89. In addition, the Quick Ratio stands at 6.01 and the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 18.40, the price to book ratio is 4.09.
Transactions by insiders
Recent insider trading involved Ahamad Samsheer, Officer, that happened on Aug 01 ’24 when 4000.0 shares were purchased., Ahamad Samsheer completed a deal on Aug 01 ’24 to sell 4000.0 shares. Meanwhile, Officer Assaderaghi Fariborz bought 1083.0 shares on Jul 29 ’24.
