Faro Technologies Inc (NASDAQ:FARO) price on Friday, May 02, rose 4.02% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $30.81.
A look at the stock’s price movement, the close in the last trading session was $29.62, moving within a range at $29.67 and $31.39. The beta value (5-Year monthly) was 1.557. Turning to its 52-week performance, $33.13 and $13.52 were the 52-week high and 52-week low respectively. Overall, FARO moved 9.68% over the past month.
Faro Technologies Inc’s market cap currently stands at around $592.36 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-23.
Analysts have a consensus estimate of 82.61M for the company’s revenue for the quarter, with a low and high estimate of 82.36M and 82.85M respectively. The average forecast suggests up to a 0.63% 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 347.44M, representing a 1.46% 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 Hold. 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 15.38% and 9.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.08, while 7-day volatility ratio is 4.45% and 6.20% in the 30-day chart. Further, Faro Technologies Inc (FARO) has a beta value of 1.50, and an average true range (ATR) of 1.66. 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 15.61% off current price level while to achieve the yearly target high, price needs to move 15.61%. Nonetheless, investors will most likely welcome a 15.61% 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 0.34 over the past 10 days and 261.93K over the past 3 months. The company’s latest data on shares outstanding shows there are 19.23 million shares.
The 4.20% of Faro Technologies Inc’s shares are in the hands of company insiders while institutional holders own 94.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.21 million on 2025-04-15, giving us a short ratio of 5.03. The data shows that as of 2025-04-15 short interest in Faro Technologies Inc (FARO) stood at 640.0 of shares outstanding, with shares short rising to 1.07 million registered in 2025-03-14. Current price change has pushed the stock 21.49% 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.
