SiTime Corp [SITM] stock prices are up 18.99% to $225.51 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SITM shares have gain 33.43% over the last week, with a monthly amount glided 24.21%, and 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 August 27, 2024, when Barclays downgraded its rating to a Underweight but kept the price target unchanged to $90 for it. Previously, Needham upgraded its rating to Buy on May 09, 2024, and kept the price target unchanged to $130. On July 20, 2023, Wolfe Research initiated with a Outperform rating and assigned a price target of $160 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $88 on May 05, 2023. Needham downgraded its rating to a Hold. Credit Suisse started tracking with a Outperform rating for this stock on November 16, 2022, and assigned it a price target of $135. In a note dated October 11, 2022, Needham reiterated an Buy rating on this stock and revised its target price from $210 to $125.
The stock price of SiTime Corp [SITM] has been fluctuating between $72.39 and $189.64 over the past year. Currently, Wall Street analysts expect the stock to reach $155 within the next 12 months. SiTime Corp [NASDAQ: SITM] shares were valued at $225.51 at the most recent close of the market. An investor can expect a potential drop of -31.27% based on the average SITM price forecast.
Analyzing the SITM fundamentals
The SiTime Corp [NASDAQ:SITM] reported sales of 176.99M for trailing twelve months, representing a surge of 62.44%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -0.68%, Pretax Profit Margin comes in at -0.6%, and Net Profit Margin reading is -0.6%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.13 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 201.29 points at the first support level, and at 177.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 238.68, and for the 2nd resistance point, it is at 251.84.
Ratios To Look Out For
It’s worth pointing out that SiTime Corp [NASDAQ:SITM]’s Current Ratio is 5.75. As well, the Quick Ratio is 4.99, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 29.47, the price to book ratio is 7.53.
Transactions by insiders
Recent insider trading involved Ahamad Samsheer, that happened on Nov 01 ’24 when 4000.0 shares were sold., Assaderaghi Fariborz completed a deal on Nov 01 ’24 to sell 1004.0 shares. Meanwhile, Officer Assaderaghi Fariborz bought 1004.0 shares on Nov 01 ’24.
