At the time of writing, Faro Technologies Inc [FARO] stock is trading at $30.84, down -3.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The FARO shares have gain 21.99% over the last week, with a monthly amount glided 9.40%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Faro Technologies Inc [NASDAQ: FARO] stock has seen the most recent analyst activity on August 03, 2023, when Craig Hallum upgraded its rating to a Buy but kept the price target unchanged to $26 for it. Previously, Craig Hallum downgraded its rating to Hold on April 28, 2022, and dropped its price target to $40. On October 07, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $77 on the stock. Craig Hallum upgraded its rating to a Buy but stick to its price target of $76 on February 21, 2020. Gabelli & Co downgraded its rating to a Hold. Needham downgraded its rating to Hold for this stock on May 03, 2019. In a note dated October 30, 2017, Stifel reiterated an Hold rating on this stock and boosted its target price from $33 to $46.
For the past year, the stock price of Faro Technologies Inc fluctuated between $13.52 and $32.07. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Faro Technologies Inc [NASDAQ: FARO] shares were valued at $30.84 at the most recent close of the market. An investor can expect a potential drop of -15.69% based on the average FARO price forecast.
Analyzing the FARO fundamentals
According to Faro Technologies Inc [NASDAQ:FARO], the company’s sales were 347.73M for trailing twelve months, which represents an -4.90% plunge. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
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 29.67 points at the first support level, and at 28.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.26, and for the 2nd resistance point, it is at 33.67.
Ratios To Look Out For
It is important to note that Faro Technologies Inc [NASDAQ:FARO] has a current ratio of 2.15. On the other hand, the Quick Ratio is 1.80, and the Cash Ratio is 0.79. Considering the valuation of this stock, the price to sales ratio is 1.68, the price to book ratio is 2.28.
Transactions by insiders
Recent insider trading involved Horwath Matthew, SVP & Chief Financial Officer, that happened on Dec 03 ’24 when 645.0 shares were sold. Officer, Horwath Matthew completed a deal on Dec 03 ’24 to buy 645.0 shares. Meanwhile, Director WASSERMAN YUVAL sold 5750.0 shares on Nov 06 ’24.
