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Sunday, December 3, 2023

There’s No Need To Panic Or Freeze When It Comes 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 -$0.39, or -1.06%, to $36.55. The FormFactor Inc. has recorded 131,632 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that FormFactor, Inc. Reports 2023 Third Quarter Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $36.94 and fluctuated between $37.50 as its day high and $36.49 as its day low. The current market capitalization of FormFactor Inc. is $2.88B. A total of 0.51 million shares were traded on the day, compared to an average of 452.30K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, FORM has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 23,867 and the disposition of 11,114 shares. Over the last 12 months, there were 17 BUYs and 10 SELLs from insiders. Insiders purchased 220,348 shares during that period but sold 55,473.

In the most recent transaction, Shahar Shai sold 13,374 shares of FORM for 37.53 per share on Nov 10. After the transaction, the CFO, SVP Global Finance now owns 94,559 company shares. In a previous transaction on Nov 09, Shahar Shai sold 10,986 shares at 35.02 per share. FORM shares that CFO, SVP Global Finance owns now total 107,933.

Among the insiders who sold shares, Shahar Shai disposed of 4,759 shares on Mar 06 at a per-share price of $29.68. This resulted in the CFO, SVP Global Finance holding 72,900 shares of FORM after the transaction. In another insider transaction, St Dennis Thomas sold 13,000 shares at $32.31 per share on Feb 16. Company shares held by the Director now total 30,890.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FORM in the last 3 months, the mean price target is $40.00 with high estimates of $50.00 and low estimates of $33.00. In terms of 52-week highs and lows, FORM has a high of $38.04 and a low of $20.94.

As of this writing, FORM has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.19.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FORM’s latest balance sheet shows that the firm has $276.06M in Cash & Short Term Investments as of fiscal 2021. There were $63.27M in debt and $148.75M in liabilities at the time. Its Book Value Per Share was $10.80, while its Total Shareholder’s Equity was $815.78M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 FORM is Buy with a score of 3.80.

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