Is this a gain, a loss, or a throwaway? TTM Technologies Inc (TTMI) Stock

Stifel raised the price target for the TTM Technologies Inc (NASDAQ:TTMI) stock from “a Hold” to “a Buy”. The rating was released on May 02, 2024, according to finviz. We previously noted in another research note published on November 02, 2023 by Truist that upgraded the stock from a Hold to a Buy with a price target of $16.50 for TTMI stock. The research report from Stifel has downgraded the stock from Buy to Hold, with a price target set at $17. The stock was downgraded by Truist, who disclosed in a research note on February 10, 2022, from Buy to Hold and set the price objective to $14. In their research brief published September 29, 2020, Craig Hallum analysts initiated the TTM Technologies Inc stock to Buy with a price target of $15.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 1.69% within the last five trades and 28.17% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 29.86% in the last 6 months and 20.10% was added to its value over the previous 3 months. TTMI stock is trading at a margin of 9.71%, 20.25% and 28.52% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, TTMI deals in the Technology domain. The stock is trading -0.37 percent below its 52-week high and 67.86 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 36.68. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does TTM Technologies Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 5.78 percent and the profit margin is -0.11 percent, and the company has reported a gross margin of 17.36 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $1.90 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 10.67. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.84 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.25, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.00 percent of TTM Technologies Inc shares are owned by insiders, and 98.67 percent are held by financial institutions. Soder Douglas L, the at TTM Technologies Inc (TTMI) has sold 25,000 shares of firm on May 10 ’24 at a price of $18.01 against the total amount of $0.45 million. In another inside trade, Knecht Dale Martin, SVP Information Technology of TTM Technologies Inc (NASDAQ:TTMI) sold 7,029 shares of the firm on May 10 ’24 for a total worth of $0.13 million at a price of $18.14. An inside trade which took place on May 07 ’24, President A&D Radar Systems of TTM Technologies Inc Clapprood Tom sold 5,000 shares of firm against total price of $88910.0 at the cost of $17.78 per share.

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