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Tuesday, March 21, 2023

The Street Is Finally Waking Up To FormFactor Inc. (NASDAQ: FORM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for FormFactor Inc. (FORM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.28, or -0.97%, to $28.65. The FormFactor Inc. has recorded 27,982 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that FormFactor Announces Participation at Upcoming Conference.


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Stocks Info

FormFactor Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. At the end of the last regular session, the stock closed at $28.93 and fluctuated between $29.04 as its day high and $27.48 as its day low. The current market capitalization of FormFactor Inc. is $2.27B. A total of 0.6 million shares were traded on the day, compared to an average of 507.54K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FORM has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 13,000 shares. Over the last 12 months, there were 15 BUYs and 10 SELLs from insiders. Insiders purchased 282,158 shares during that period but sold 135,098.

In the most recent transaction, Shahar Shai sold 4,759 shares of FORM for 29.68 per share on Mar 06. After the transaction, the CFO, SVP Global Finance now owns 72,900 company shares. In a previous transaction on Feb 16, St Dennis Thomas sold 13,000 shares at 32.31 per share. FORM shares that Director owns now total 30,890.

Among the insiders who sold shares, SLESSOR MIKE disposed of 10,000 shares on Feb 13 at a per-share price of $31.97. This resulted in the CEO holding 477,438 shares of FORM after the transaction. In another insider transaction, LINK RAYMOND A sold 1,600 shares at $40.23 per share on May 17. Company shares held by the Director now total 61,392.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FORM in the last 3 months, the mean price target is $35.44 with high estimates of $40.00 and low estimates of $30.00. In terms of 52-week highs and lows, FORM has a high of $44.40 and a low of $18.15.

As of this writing, FORM has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.03. The company reported an EPS of $0.24 in the last quarter, which was 14.30% higher than expectations of $0.21.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FORM is Overweight with a score of 4.11. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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