Faro Technologies Inc (NASDAQ:FARO) price on Friday, March 21, fall -4.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $28.21.
A look at the stock’s price movement, the close in the last trading session was $29.46, moving within a range at $27.69 and $29.265. The beta value (5-Year monthly) was 1.548. Turning to its 52-week performance, $33.13 and $13.52 were the 52-week high and 52-week low respectively. Overall, FARO moved 1.37% over the past month.
Faro Technologies Inc’s market cap currently stands at around $535.47 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-23.
Analysts have a consensus estimate of 80.25M for the company’s revenue for the quarter, with a low and high estimate of 79.8M and 80.7M respectively. The average forecast suggests down to a -4.74% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 348.02M, representing a 1.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FARO is a 25% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend FARO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FARO’s current price about -5.01% and -5.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.76, while 7-day volatility ratio is 3.87% and 5.56% in the 30-day chart. Further, Faro Technologies Inc (FARO) has a beta value of 1.53, and an average true range (ATR) of 1.53. Analysts have given the company’s stock an average 52-week price target of $26, forecast between a low of $26 and high of $26. Looking at the price targets, the low is 7.83% off current price level while to achieve the yearly target high, price needs to move 7.83%. Nonetheless, investors will most likely welcome a 7.83% jump to $26 which is the analysts’ median price.
If we refocus on Faro Technologies Inc (NASDAQ:FARO), historical trading data shows that trading volumes averaged 0.24 over the past 10 days and 235.23K over the past 3 months. The company’s latest data on shares outstanding shows there are 18.95 million shares.
The 4.20% of Faro Technologies Inc’s shares are in the hands of company insiders while institutional holders own 98.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.0 million on 2025-02-28, giving us a short ratio of 4.01. The data shows that as of 2025-02-28 short interest in Faro Technologies Inc (FARO) stood at 534.0000200000001 of shares outstanding, with shares short rising to 0.97 million registered in 2025-01-31. Current price change has pushed the stock 11.24% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FARO stock continues to rise going into the next quarter.
