Fluidigm Corporation (NASDAQ: FLDM) is -8.42% lower on its value in year-to-date trading and has touched a low of $1.17 and a high of $12.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FLDM stock was last observed hovering at around $6.12 in the last trading session, with the day’s loss setting it -0.63% off its average median price target of $9.00 for the next 12 months. It is also 60.79% off the consensus price target high of $14.00 offered by 3 analysts, but current levels are 31.37% higher than the price target low of $8.00 for the same period.
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Currently trading at $5.49, the stock is -14.84% and -13.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.7 million and changing -10.21% at the moment leaves the stock -10.99% off its SMA200. FLDM registered 43.10% gain for a year compared to 6-month loss of -30.53%. The firm has a 50-day simple moving average (SMA 50) of $6.33 and a 200-day simple moving average (SMA200) of $6.80.
The stock witnessed a -10.80% gain in the last 1 month and extending the period to 3 months gives it a -8.42%, and is -0.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.19% over the week and 8.34% over the month.
Fluidigm Corporation (FLDM) has around 566 employees, a market worth around $427.24M and $138.10M in sales. Profit margin for the company is -39.50%. Distance from 52-week low is 369.66% and -55.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.90%).
Fluidigm Corporation (FLDM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fluidigm Corporation (FLDM) is a “Buy”. 3 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Fluidigm Corporation is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $31.97M over the same period.The EPS is expected to grow by 34.80% this year, but quarterly earnings will post 7.70% year-over-year.
Fluidigm Corporation (FLDM) Top Institutional Holders
179 institutions hold shares in Fluidigm Corporation (FLDM), with 926.98k shares held by insiders accounting for 1.25% while institutional investors hold 93.17% of the company’s shares. The shares outstanding are 72.49M, and float is at 64.04M with Short Float at 10.91%. Institutions hold 92.01% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 5.58 million shares valued at $33.47 million. The investor’s holdings represent 7.53% of the FLDM Shares outstanding. As of Dec 30, 2020, the second largest holder is Indaba Capital Management, L.P. with 5.53 million shares valued at $33.18 million to account for 7.46% of the shares outstanding. The other top investors are Primecap Management Company which holds 5.43 million shares representing 7.33% and valued at over $32.6 million, while Neuberger Berman Group, LLC holds 6.27% of the shares totaling 4.64 million with a market value of $27.87 million.
Fluidigm Corporation (FLDM) Insider Activity
A total of 16 insider transactions have happened at Fluidigm Corporation (FLDM) in the last six months, with sales accounting for 5 and purchases happening 11 times. The most recent transaction is an insider sale by Linthwaite Stephen Christopher, the company’s President & CEO. SEC filings show that Linthwaite Stephen Christopher sold 84,820 shares of the company’s common stock on Nov 23 at a price of $6.06 per share for a total of $0.51 million. Following the sale, the insider now owns 0.15 million shares.
Fluidigm Corporation disclosed in a document filed with the SEC on Mar 11 that COLELLA SAMUEL D (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 11 and was made at $2.65 per share for $26545.0. Following the transaction, the insider now directly holds 0.16 million shares of the FLDM stock.
Still, SEC filings show that on Mar 10, COLELLA SAMUEL D (Director) acquired 10,000 shares at an average price of $2.77 for $27738.0. The insider now directly holds 151,109 shares of Fluidigm Corporation (FLDM).
Fluidigm Corporation (FLDM): Who are the competitors?
The company’s main competitors (and peers) include Thermo Fisher Scientific Inc. (TMO) that is trading 38.32% up over the past 12 months. Illumina Inc. (ILMN) is 59.01% up on the 1-year trading charts. Short interest in the company’s stock has risen 3.3% from the last report on Dec 30, 2020 to stand at a total of 6.75 million short shares sold with a short interest ratio of 2.87.