TTM Technologies Inc [TTMI] stock prices are down -1.59% to $19.16 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TTMI shares have gain 4.07% over the last week, with a monthly amount drifted -11.99%, 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.
The stock price of TTM Technologies Inc [TTMI] has been fluctuating between $11.14 and $22.70 over the past year. 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 $19.16 at the most recent close of the market. An investor can expect a potential drop of -4.33% based on the average TTMI price forecast.
Analyzing the TTMI fundamentals
The TTM Technologies Inc [NASDAQ:TTMI] reported sales of 2.32B for trailing twelve months, representing a surge of 10.73%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 19.05 points at the first support level, and at 18.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.35, and for the 2nd resistance point, it is at 19.55.
Ratios To Look Out For
It’s worth pointing out that TTM Technologies Inc [NASDAQ:TTMI]’s Current Ratio is 2.04. Also, the Quick Ratio is 1.74, while the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 118.05.
Transactions by insiders
Recent insider trading involved Weber Daniel J, EVP, General Counsel, that happened on Aug 19 ’24 when 13000.0 shares were sold. Officer, Weber Daniel J completed a deal on Aug 19 ’24 to buy 13000.0 shares. Meanwhile, EVP, General Counsel Weber Daniel J sold 13000.0 shares on Aug 14 ’24.
