TTM Technologies, Inc. (NASDAQ:TTMI) shares saw a recent bid of $13.12 and 2.29M shares have exchanged hands in the recent trading session, yielding a -1.91% decline over the past week.TTMI price decreased -1.72% or $0.23 versus $13.35 at the end of the prior session. This change led market cap to move at $1.36B, putting the price -32.86% below the 52-week high and 30.68% above the 52-week low. The company’s stock has a normal trading capacity of 1.51M shares while the relative volume is 1.52.
Is TTM Technologies, Inc. (NASDAQ:TTMI) Worth Buying?
By historical standards, TTM Technologies, Inc. (NASDAQ:TTMI) remains a cheap stock. TTMI’s current price-earnings ratio amounts to 20.55 times earnings, above the average P/E ratio of 20.24 times earnings. For now, TTMI is the toast of Wall Street as its ABR stands at 1.80 with 2 out of 4 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 12.13% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price down -3.74% since January. Over the past 2 quarters, TTM Technologies, Inc. (NASDAQ:TTMI) is down -21.67%, compared with a fall of nearly -19.76% for 3 months and about -27.87% for the past 30 days.
TTM Technologies, Inc. (TTMI) Has Mean Target Price of $20.50
To stay one step ahead we extended our research by comparing different price targets. TTM Technologies, Inc. (NASDAQ:TTMI) notched a 12-month high of $20.13 while $22.00 target is by far the most aggressive out of analysts who are currently evaluating TTMI, $1.87 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $17.50, which would be an increase of about 33% of its current value. The mean target of $20.50 should be compared with the price when the stock was languishing around $10.04 a share. And it remains to be seen which target price TTMI can achieve without sacrificing much as the company is holding a 27.50% gain for the past twelve months.
TTM Technologies, Inc. Revenue Estimate is $2.62 Billion
Last time, the company failed Wall Street by reporting EPS of $0.31, smashing the consensus of $0.35 per share. Revenue for the quarter also did not kill consensus, coming in at $627.18 Million, compared to the consensus of 629.08 Million. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.32. The company is expected to report EPS as high as $0.33 and as low as $0.32 per share. Similarly, full-year EPS forecasts have ranged between $1.50 and $1.55. The mean EPS estimate is $1.53. On the other side, sales forecasts for the current quarter are $654.38 Million. The stock is expected to report revenue as high as $662.5 Million and as low as $650 Million per share. Similarly, full-year sales forecasts have ranged between $2.61 Billion and $2.63 Billion. The mean revenue estimate is $2.62 Billion.
Over the last 5 years, TTM Technologies, Inc. has averaged a -7.60% YoY EPS growth rate and a 12.10% revenue growth rate. Analysts are expecting EPS growth rates to be at 223.00% this quarter and EPS estimate for next year reflect 15.18% growth rate.
What Guru’s think About Is TTM Technologies, Inc. (NASDAQ:TTMI)
Sell-side analysts also have something to say about this TTMI. Needham raised its rating on TTM Technologies, Inc. to Strong Buy on 07/08/2017 in a reversal from its prior Buy rating. Stifel had a markedly different take on 28/07/2017, proposing that TTMI is now considered Hold versus prior Buy rating. JP Morgan raised its rating on TTM Technologies, Inc. to Overweight on 04/04/2017 in a reversal from its prior Neutral rating. JP Morgan had a markedly different take on 17/02/2017, proposing that TTMI is now considered Neutral versus prior Overweight rating.