At the time of writing, TTM Technologies Inc [TTMI] stock is trading at $18.23, down -0.98%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TTMI shares have gain 5.68% over the last week, with a monthly amount drifted -18.65%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TTM Technologies Inc [NASDAQ: TTMI] stock has seen the most recent analyst activity on May 02, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $19 from $15. Previously, Truist upgraded its rating to Buy on November 02, 2023, and elevated its price target to $16.50. On January 26, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $17 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $14 on February 10, 2022. Craig Hallum initiated its recommendation with a Buy and recommended $15 as its price target on September 29, 2020. Needham upgraded its rating to Buy for this stock on July 02, 2020. In a note dated March 11, 2020, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $15.
For the past year, the stock price of TTM Technologies Inc fluctuated between $11.14 and $22.70. Currently, Wall Street analysts expect the stock to reach $18.33 within the next 12 months. TTM Technologies Inc [NASDAQ: TTMI] shares were valued at $18.23 at the most recent close of the market. An investor can expect a potential return of 0.55% based on the average TTMI price forecast.
Analyzing the TTMI fundamentals
According to TTM Technologies Inc [NASDAQ:TTMI], the company’s sales were 2.32B for trailing twelve months, which represents an 10.73% jump. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.6.
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 18.12 points at the first support level, and at 18.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.45, and for the 2nd resistance point, it is at 18.66.
Ratios To Look Out For
It is important to note that TTM Technologies Inc [NASDAQ:TTMI] has a current ratio of 2.04. As well, the Quick Ratio is 1.74, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 112.32.
Transactions by insiders
Recent insider trading involved Weber Daniel J, Officer, that happened on Aug 14 ’24 when 13000.0 shares were purchased. SVP Information Technology, Knecht Dale Martin completed a deal on Aug 05 ’24 to sell 20000.0 shares. Meanwhile, EVP, A&D BU President Gridley Catherine A sold 10000.0 shares on Aug 05 ’24.
