SiTime Corp (NASDAQ: SITM) is -17.81% lower on its value in year-to-date trading and has touched a low of $72.39 and a high of $268.18 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 SITM stock was last observed hovering at around $222.99 in the last trading session, with the day’s loss setting it -46.67%.
Currently trading at $176.32, the stock is -21.28% and -22.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing -20.93% at the moment leaves the stock 6.64% off its SMA200. SITM registered 63.76% gain for a year compared to 6-month gain of 55.36%. The firm has a 50-day simple moving average (SMA 50) of $226.9817 and a 200-day simple moving average (SMA200) of $164.82422.
The stock witnessed a -25.44% loss in the last 1 month and extending the period to 3 months gives it a 2.63%, and is -13.47% 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 10.86% over the week and 7.35% over the month.
SiTime Corp (SITM) has around 382 employees, a market worth around $4.12B and $202.70M in sales. Fwd P/E is 72.44. Profit margin for the company is -46.18%. Distance from 52-week low is 143.57% and -34.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.37%).
with sales reaching $54.01M over the same period.The EPS is expected to grow by 58.96% this year, but quarterly earnings will post 26.90% year-over-year. Quarterly sales are estimated to grow 63.55% in year-over-year returns.
353.0 institutions hold shares in SiTime Corp (SITM), with institutional investors hold 108.98% of the company’s shares. The shares outstanding are 23.36M, and float is at 18.29M with Short Float at 7.71%. Institutions hold 88.47% of the Float.
The top institutional shareholder in the company is FMR LLC with over 3.43 million shares valued at $426.71 million. The investor’s holdings represent 15.0702 of the SITM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.77 million shares valued at $344.77 million to account for 12.1761 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.26 million shares representing 9.9255 and valued at over $281.04 million, while FRANKLIN RESOURCES INC holds 5.4117 of the shares totaling 1.23 million with a market value of $153.23 million.
SiTime Corp (SITM) Insider Activity
The most recent transaction is an insider sale by Assaderaghi Fariborz,. SEC filings show that Assaderaghi Fariborz sold 1,003 shares of the company’s common stock on Feb 03 ’25 at a price of $204.42 per share for a total of $0.21 million. Following the sale, the insider now owns 99678.0 shares.
Still, SEC filings show that on Jan 02 ’25, Assaderaghi Fariborz disposed off 1,002 shares at an average price of $220.94 for $0.22 million. The insider now directly holds 100,681 shares of SiTime Corp (SITM).
