FormFactor Inc. (FORM) Shares on the Rise: Short-term Analysis

FormFactor Inc. [FORM] stock is trading at $48.26, up 4.01%. 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 FORM shares have gain 4.14% over the last week, with a monthly amount glided 12.73%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

FormFactor Inc. [NASDAQ: FORM] stock has seen the most recent analyst activity on August 01, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $60 from $48. Previously, TD Cowen reaffirmed its Hold rating on May 02, 2024, and elevated its price target to $48. On April 16, 2024, Evercore ISI initiated with a In-line rating and assigned a price target of $50 on the stock. TD Cowen reiterated its Market Perform rating and increased its price target to $37 on February 08, 2024. Northland Capital downgraded its rating to a Market Perform but $32 remained the price target by the analyst firm on July 17, 2023. Citigroup downgraded its rating to Neutral for this stock on April 03, 2023, and upped its price target to $33. In a note dated January 13, 2023, Jefferies initiated an Hold rating.

FormFactor Inc. [FORM] stock has fluctuated between $31.51 and $63.62 over the past year. Currently, Wall Street analysts expect the stock to reach $51.5 within the next 12 months. FormFactor Inc. [NASDAQ: FORM] shares were valued at $48.26 at the most recent close of the market. An investor can expect a potential return of 6.71% based on the average FORM price forecast.

Analyzing the FORM fundamentals

FormFactor Inc. [NASDAQ:FORM] reported sales of 705.94M for the trailing twelve months, which represents a growth of 26.65%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.13 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.

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 46.63 points at the first support level, and at 45.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.18, and for the 2nd resistance point, it is at 50.10.

Ratios To Look Out For

For context, FormFactor Inc.’s Current Ratio is 4.46. Further, the Quick Ratio stands at 3.64, while the Cash Ratio is 1.45. Considering the valuation of this stock, the price to sales ratio is 5.29, the price to book ratio is 3.93 and price to earnings (TTM) ratio is 31.20.

Transactions by insiders

Recent insider trading involved SLESSOR MIKE, CEO, that happened on Oct 01 ’24 when 4000.0 shares were sold. Officer, MIKE SLESSOR completed a deal on Oct 01 ’24 to buy 4000.0 shares. Meanwhile, CEO SLESSOR MIKE sold 4000.0 shares on Sep 03 ’24.

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