Faro Technologies Inc (NASDAQ:FARO) Jumps 0.74%, But Additional Rally May Be Imminent

In last trading session, Faro Technologies Inc (NASDAQ:FARO) saw 0.3 million shares changing hands with its beta currently measuring 1.45. Company’s recent per share price level of $31.46 trading at $0.23 or 0.74% at ring of the bell on the day assigns it a market valuation of $604.84M. That closing price of FARO’s stock is at a discount of -5.31% from its 52-week high price of $33.13 and is indicating a premium of 57.02% from its 52-week low price of $13.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.27 million shares which gives us an average trading volume of 257.88K if we extend that period to 3-months.

For Faro Technologies Inc (FARO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.23 in the current quarter.

Faro Technologies Inc (NASDAQ:FARO) trade information

Upright in the green during last session for gaining 0.74%, in the last five days FARO remained trading in the green while hitting it’s week-highest on Thursday, 04/24/25 when the stock touched $31.46 price level, adding 0.35% to its value on the day. Faro Technologies Inc’s shares saw a change of 24.05% in year-to-date performance and have moved 29.95% in past 5-day. Faro Technologies Inc (NASDAQ:FARO) showed a performance of 10.39% in past 30-days. Number of shares sold short was 1.11 million shares which calculate 4.48 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 26 to the stock, which implies a fall of -21.0% to its current value. Analysts have been projecting 26 as a low price target for the stock while placing it at a high target of 26. It follows that stock’s current price would jump 17.36% in reaching the projected high whereas dropping to the targeted low would mean a gain of 17.36% for stock’s current value.

Faro Technologies Inc (FARO) estimates and forecasts

This year revenue growth is estimated to rise 1.46% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 82.61M for the same. And 2 analysts are in estimates of company making revenue of 83.4M in the next quarter. Company posted 82.08M and 82.56M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 33.26% during past 5 years.

Faro Technologies Inc (NASDAQ:FARO)’s Major holders

Insiders are in possession of 2.54% of company’s total shares while institution are holding 98.07 percent of that, with stock having share float percentage of 100.63%. Investors also watch the number of corporate investors in a company very closely, which is 98.07% institutions for Faro Technologies Inc that are currently holding shares of the company. DIVISAR CAPITAL MANAGEMENT LLC is the top institutional holder at FARO for having 1.84 million shares of worth $29.42 million. And as of 2024-06-30, it was holding 9.5304 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 1.73 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.987 of outstanding shares, having a total worth of $27.74 million.

On the other hand, Needham Funds Inc-Needham Aggressive Growth Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 965.0 shares of worth $30.36 million or 5.02% of the total outstanding shares. The later fund manager was in possession of 567.8 shares on Dec 31, 2024 , making its stake of worth around $17.86 million in the company or a holder of 2.95% of company’s stock.