With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. The 52-week range on FORM shows that it touched its highest point at $63.62 and its lowest point at $22.58 during that stretch. It currently has a 1-year price target of $39.00. Beta for the stock currently stands at 1.12.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FORM was up-trending over the past week, with a rise of 3.45%, but this was up by 29.29% over a month. Three-month performance dropped to -21.81% while six-month performance fell -22.70%. The stock lost -45.78% in the past year, while it has lost -31.89% so far this year. A look at the trailing 12-month EPS for FORM yields 0.69 with Next year EPS estimates of 1.56. For the next quarter, that number is 0.30. This implies an EPS growth rate of 7.59% for this year and 26.11% for next year. EPS is expected to grow by 13.24% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.76%.
Float and Shares Shorts:
At present, 77.08 million FORM shares are outstanding with a float of 76.39 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FORM since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.17776 being high and $1.1578 being low. For FORM, this leads to a yearly average estimate of $1.16778.
