While TTM Technologies Inc has overperformed by 1.84%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TTMI rose by 60.91%, with highs and lows ranging from $22.70 to $11.14, whereas the simple moving average jumped by 18.99% in the last 200 days.
On May 02, 2024, Stifel Upgraded TTM Technologies Inc (NASDAQ: TTMI) to Buy. A report published by Truist on November 02, 2023, Upgraded its rating to ‘Buy’ for TTMI. Stifel also Downgraded TTMI shares as ‘Hold’, setting a target price of $17 on the company’s shares in a report dated January 26, 2023. Truist February 10, 2022d the rating to Hold on February 10, 2022, and set its price target from $16 to $14. Craig Hallum initiated its ‘Buy’ rating for TTMI, as published in its report on September 29, 2020. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of TTM Technologies Inc (TTMI)
Further, the quarter-over-quarter increase in sales is 10.73%, showing a positive trend in the upcoming months.
TTM Technologies Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 1.11% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.74, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and TTMI has an average volume of 873.43K. On a monthly basis, the volatility of the stock is set at 2.65%, whereas on a weekly basis, it is put at 2.91%, with a gain of 10.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.81, showing growth from the present price of $20.50, which can serve as yet another indication of whether TTMI is worth investing in or should be passed over.
How Do You Analyze TTM Technologies Inc Shares?
Electronic Components giant TTM Technologies Inc (TTMI) is based in the USA and is one of the largest companies in the market. When comparing TTM Technologies Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 126.31, there is a growth in quarterly earnings of 289.71%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.02%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 98.88% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TTMI shares are owned by institutional investors to the tune of 98.88% at present.
