TTM Technologies Inc (NASDAQ: TTMI) is -7.72% lower on its value in year-to-date trading and has touched a low of $11.13 and a high of $16.53 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 TTMI stock was last observed hovering at around $14.82 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $14.59, the stock is -1.14% and -1.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing -1.55% at the moment leaves the stock 2.68% off its SMA200. TTMI registered 9.95% gain for a year compared to 6-month gain of 15.06%. The firm has a 50-day simple moving average (SMA 50) of $0.92 and a 200-day simple moving average (SMA200) of $9.83.
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The stock witnessed a -2.60% loss in the last 1 month and extending the period to 3 months gives it a -2.80%, and is -6.05% 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 2.91% over the week and 2.76% over the month.
TTM Technologies Inc (TTMI) has around 15800 employees, a market worth around $1.49B and $2.23B in sales. Fwd P/E is 8.47. Profit margin for the company is -0.84%. Distance from 52-week low is 31.09% and -11.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.74%).
TTM Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $551.76M over the same period.The EPS is expected to grow by 9.59% this year, but quarterly earnings will post 4.50% year-over-year. Quarterly sales are estimated to grow 1.30% in year-over-year returns.
293 institutions hold shares in TTM Technologies Inc (TTMI), with institutional investors hold 100.21% of the company’s shares. The shares outstanding are 102.11M, and float is at 98.89M with Short Float at 1.61%. Institutions hold 97.75% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 16.24 million shares valued at $225.8 million. The investor’s holdings represent 15.64% of the TTMI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 13.77 million shares valued at $191.36 million to account for 13.25% of the shares outstanding. The other top investors are Thrivent Financial For Lutherans which holds 9.32 million shares representing 8.97% and valued at over $129.57 million, while Dimensional Fund Advisors LP holds 7.81% of the shares totaling 8.12 million with a market value of $112.8 million.
TTM Technologies Inc (TTMI) Insider Activity
The most recent transaction is an insider sale by Farrell Robert P., the company’s President C&C. SEC filings show that Farrell Robert P. sold 459 shares of the company’s common stock on Feb 16 ’24 at a price of $15.63 per share for a total of $7174.0. Following the sale, the insider now owns 20038.0 shares.
TTM Technologies Inc disclosed in a document filed with the SEC on Feb 12 ’24 that Clapprood Tom (President A&D Radar Systems) sold a total of 3,500 shares of the company’s common stock. The trade occurred on Feb 12 ’24 and was made at $16.48 per share for $57671.0. Following the transaction, the insider now directly holds 52264.0 shares of the TTMI stock.
Still, SEC filings show that on Feb 02 ’24, SANCHEZ TONY (VP, Corporate Controller) disposed off 191 shares at an average price of $14.15 for $2703.0. The insider now directly holds 22,928 shares of TTM Technologies Inc (TTMI).
