Wall Street predicts FormFactor Inc (FORM) stock to surge by 21.43%

FormFactor Inc [FORM] stock is trading at $42.14, up 0.43%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FORM shares have gain 7.42% over the last week, with a monthly amount drifted -13.51%, and not 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 October 31, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $44 from $60. Previously, TD Cowen reaffirmed its Hold rating on August 01, 2024, and elevated its price target to $60. On May 02, 2024, TD Cowen reiterated its Hold rating and revised its price target to $48 on the stock. Evercore ISI started tracking the stock assigning a In-line rating and suggested a price target of $50 on April 16, 2024. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $37 on February 08, 2024. Northland Capital downgraded its rating to Market Perform for this stock on July 17, 2023, but kept the price target unchanged to $32. In a note dated April 03, 2023, Citigroup downgraded an Neutral rating on this stock and boosted its target price from $25 to $33.

FormFactor Inc [FORM] stock has fluctuated between $36.11 and $63.62 over the past year. Currently, Wall Street analysts expect the stock to reach $51.17 within the next 12 months. FormFactor Inc [NASDAQ: FORM] shares were valued at $42.14 at the most recent close of the market. An investor can expect a potential return of 21.43% based on the average FORM price forecast.

Analyzing the FORM fundamentals

FormFactor Inc [NASDAQ:FORM] reported sales of 742.28M for the trailing twelve months, which represents a growth of 21.18%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.15 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 0.02.

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 41.06 points at the first support level, and at 39.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.46, and for the 2nd resistance point, it is at 44.78.

Ratios To Look Out For

For context, FormFactor Inc’s Current Ratio is 4.76. In addition, the Quick Ratio stands at 3.94 and the Cash Ratio stands at 1.46. Considering the valuation of this stock, the price to sales ratio is 4.40, the price to book ratio is 3.42 and price to earnings (TTM) ratio is 24.36.

Transactions by insiders

Recent insider trading involved St Dennis Thomas, Director, that happened on Nov 05 ’24 when 3100.0 shares were sold. Director, St Dennis Thomas completed a deal on Nov 05 ’24 to buy 3100.0 shares. Meanwhile, CEO SLESSOR MIKE sold 4000.0 shares on Nov 01 ’24.

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