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Saturday, December 9, 2023

It’s Not Over Yet For TTM Technologies Inc (NASDAQ: TTMI)

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 TTM Technologies Inc (TTMI) shows that investor sentiment remained same, with the stock’s consolidated last price to $14.02. The TTM Technologies Inc has recorded 115,911 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that TTM Technologies, Inc. announces the State of New York as the Selected Location for a Proposed New Facility in Syracuse to Produce Ultra-HDI PCBs in Support of National Security Requirements.

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Stocks Info

TTM Technologies Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Electronic Components industry. At the end of the last regular session, the stock closed at $14.02 and fluctuated between $14.16 as its day high and $13.47 as its day low. The current market capitalization of TTM Technologies Inc is $1.46B. A total of 1.65 million shares were traded on the day, compared to an average of 798.58K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TTMI has seen 1 BUY and 6 SELL insider trades, representing the acquisition of 32,105 and the disposition of 68,032 shares. Over the last 12 months, there were 26 BUYs and 31 SELLs from insiders. Insiders purchased 648,064 shares during that period but sold 353,070.

In the most recent transaction, Powers Shawn A. sold 10,000 shares of TTMI for 14.95 per share on Aug 22. After the transaction, the EVP, Human Resources now owns 85,807 company shares. In a previous transaction on Aug 08, Knecht Dale Martin sold 20,000 shares at 15.09 per share. TTMI shares that SVP Information Technology owns now total 90,684.

Among the insiders who sold shares, Weber Daniel J disposed of 16,000 shares on Aug 07 at a per-share price of $14.91. This resulted in the EVP, General Counsel holding 92,598 shares of TTMI after the transaction. In another insider transaction, Gridley Catherine A sold 10,000 shares at $14.91 per share on Aug 07. Company shares held by the EVP, A&D BU President now total 106,072.

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 TTMI in the last 3 months, the mean price target is $17.81 with high estimates of $20.75 and low estimates of $15.00. In terms of 52-week highs and lows, TTMI has a high of $17.46 and a low of $11.13.

As of this writing, TTMI has an earnings estimate of $0.27 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.28 per share and a lower estimate of $0.27. The company reported an EPS of $0.18 in the last quarter, which was -5.30% lower than expectations of $0.19.

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. TTMI’s latest balance sheet shows that the firm has $537.68M in Cash & Short Term Investments as of fiscal 2021. There were $964.45M in debt and $558.15M in liabilities at the time. Its Book Value Per Share was $14.87, while its Total Shareholder’s Equity was $1.46B.

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, 0 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 TTMI is Buy with a score of 3.75.

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