Fox Factory Holding Corp (FOXF) Stock Down -0.83%: Is It a Good Investment?

Fox Factory Holding Corp [FOXF] stock is trading at $43.01, down -0.83%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FOXF shares have gain 9.19% over the last week, with a monthly amount glided 6.30%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Fox Factory Holding Corp [NASDAQ: FOXF] stock has seen the most recent analyst activity on February 23, 2024, when BofA Securities downgraded its rating to a Neutral but kept the price target unchanged to $55 for it. Previously, Stifel downgraded its rating to Hold on November 03, 2023. On November 03, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $80 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $125 on June 29, 2023. ROTH MKM initiated its recommendation with a Neutral and recommended $126 as its price target on April 05, 2023. Stifel upgraded its rating to Buy for this stock on August 05, 2022, and upped its price target to $115. In a note dated February 25, 2022, CL King upgraded an Buy rating on this stock but restated the target price of $157.

Fox Factory Holding Corp [FOXF] stock has fluctuated between $34.56 and $104.15 over the past year. Currently, Wall Street analysts expect the stock to reach $93.33 within the next 12 months. Fox Factory Holding Corp [NASDAQ: FOXF] shares were valued at $43.01 at the most recent close of the market. An investor can expect a potential return of 117.0% based on the average FOXF price forecast.

Analyzing the FOXF fundamentals

Fox Factory Holding Corp [NASDAQ:FOXF] reported sales of 1.35B for the trailing twelve months, which represents a drop of -13.03%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.

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 42.34 points at the first support level, and at 41.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.84, and for the 2nd resistance point, it is at 44.67.

Ratios To Look Out For

For context, Fox Factory Holding Corp’s Current Ratio is 3.13. Further, the Quick Ratio stands at 1.63, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 44.26.

Transactions by insiders

Recent insider trading involved Tutton Christopher, Officer, that happened on Aug 15 ’24 when 2000.0 shares were purchased. (A), Tutton Christopher completed a deal on Aug 13 ’24 to sell 3000.0 shares. Meanwhile, (A) Tutton Christopher sold 2000.0 shares on Aug 15 ’24.

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