Fluidigm Corporation (NASDAQ: FLDM) is -16.17% lower on its value in year-to-date trading and has touched a low of $2.05 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 $4.94 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $9.00 for the next 12 months. It is also 64.07% off the consensus price target high of $14.00 offered by 3 analysts, but current levels are 37.13% higher than the price target low of $8.00 for the same period.
Currently trading at $5.03, the stock is 7.71% and 7.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 1.82% at the moment leaves the stock -19.27% off its SMA200. FLDM registered 107.00% gain for a year compared to 6-month loss of -20.03%. The firm has a 50-day simple moving average (SMA 50) of $4.59 and a 200-day simple moving average (SMA200) of $5.74.
The stock witnessed a 16.44% gain in the last 1 month and extending the period to 3 months gives it a -22.85%, and is 9.35% up 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 4.83% over the week and 5.15% over the month.
Fluidigm Corporation (FLDM) has around 627 employees, a market worth around $369.81M and $138.10M in sales. Profit margin for the company is -38.40%. Distance from 52-week low is 145.97% and -59.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.80%).
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 08/05/2021 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 24.10% this year, but quarterly earnings will post 7.70% year-over-year.
Fluidigm Corporation (FLDM) Top Institutional Holders
200 institutions hold shares in Fluidigm Corporation (FLDM), with 720.12k shares held by insiders accounting for 0.97% while institutional investors hold 93.96% of the company’s shares. The shares outstanding are 74.29M, and float is at 73.61M with Short Float at 10.92%. Institutions hold 93.05% 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 7.44% 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 7.38% of the shares outstanding. The other top investors are Primecap Management Company which holds 5.43 million shares representing 7.25% and valued at over $32.6 million, while Neuberger Berman Group, LLC holds 6.20% of the shares totaling 4.64 million with a market value of $27.87 million.
Fluidigm Corporation (FLDM) Insider Activity
A total of 39 insider transactions have happened at Fluidigm Corporation (FLDM) in the last six months, with sales accounting for 9 and purchases happening 30 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 (FLDM): Who are the competitors?
The company’s main competitors (and peers) include Thermo Fisher Scientific Inc. (TMO) that is trading 38.37% up over the past 12 months. Illumina Inc. (ILMN) is 25.98% up on the 1-year trading charts. Short interest in the company’s stock has risen 24.08% from the last report on Apr 14, 2021 to stand at a total of 8.04 million short shares sold with a short interest ratio of 7.43.