Fabrinet (NYSE: FN) is -25.22% lower on its value in year-to-date trading and has touched a low of $74.57 and a high of $126.28 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 FN stock was last observed hovering at around $90.26 in the last trading session, with the day’s loss setting it -1.67% off its average median price target of $120.00 for the next 12 months. It is also 31.85% off the consensus price target high of $130.00 offered by 5 analysts, but current levels are -0.67% lower than the price target low of $88.00 for the same period.
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Currently trading at $88.59, the stock is 7.02% and 5.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing -1.85% at the moment leaves the stock -12.18% off its SMA200. FN registered -3.12% loss for a year compared to 6-month loss of -20.89%.
The stock witnessed a 13.29% gain in the last 1 month and extending the period to 3 months gives it a -12.17%, and is 6.21% 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 3.17% over the week and 3.08% over the month.
Fabrinet (FN) has around 12189 employees, a market worth around $3.19B and $2.18B in sales. Current P/E ratio is 17.81 and Fwd P/E is 13.59. Profit margin for the company is 8.50%. Distance from 52-week low is 18.80% and -29.85% from its 52-week high. The company has generated returns on investments over the last 12 months (12.90%).
Fabrinet (FN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fabrinet (FN) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.40, where 2 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.
Fabrinet is expected to release its quarterly report on 11/07/2022.The EPS is expected to grow by 31.10% this year.
Fabrinet (FN) Top Institutional Holders
The shares outstanding are 36.94M, and float is at 36.38M with Short Float at 1.28%.
Fabrinet (FN) Insider Activity
A total of 4 insider transactions have happened at Fabrinet (FN) in the last six months, with sales accounting for 4 and purchases happening 0 times. The most recent transaction is an insider sale by Archer Edward T.,the company’sEVP, Sales & Marketing. SEC filings show that Archer Edward T. sold 2,146 shares of the company’s common stock on Mar 01 at a price of $98.73 per share for a total of $0.21 million. Following the sale, the insider now owns 21460.0 shares.
Fabrinet disclosed in a document filed with the SEC on Dec 03 that KELLY THOMAS F (Director) sold a total of 900 shares of the company’s common stock. The trade occurred on Dec 03 and was made at $115.66 per share for $0.1 million. Following the transaction, the insider now directly holds 36657.0 shares of the FN stock.
Still, SEC filings show that on Nov 05, Gill Harpal (President & COO) disposed off 16,087 shares at an average price of $119.16 for $1.92 million. The insider now directly holds 39,656 shares of Fabrinet (FN).
Fabrinet (FN): Who are the competitors?
The company’s main competitors (and peers) include Viavi Solutions Inc. (VIAV) that is trading -11.56% down over the past 12 months and Benchmark Electronics Inc. (BHE) that is -4.91% lower over the same period. II-VI Incorporated (IIVI) is -27.23% down on the 1-year trading charts.
