In today’s recent session, 0.57 million shares of the Faro Technologies Inc (NASDAQ:FARO) have been traded, and its beta is 1.48. Most recently the company’s share price was $42.33, and it changed around -$0.03 or -0.07% from the last close, which brings the market valuation of the company to $813.84M. FARO at last check was trading at a discount to its 52-week high of $42.40, offering almost -0.17% off that amount. The share price’s 52-week low was $13.52, which indicates that the recent value has risen by an impressive 68.06% since then.
Faro Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended FARO as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Faro Technologies Inc is expected to report earnings per share of 0.23 for the current quarter.
Faro Technologies Inc (NASDAQ:FARO) trade information
Instantly FARO has been showing red trend so far today with a performance of -0.07% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 42.50 on recent trading dayincreased the stock’s daily price by 0.4%. The company’s shares are currently up 66.92% year-to-date, but still up 43.93% over the last five days. On the other hand, Faro Technologies Inc (NASDAQ:FARO) is 75.28% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $33, which translates to bulls needing to decrease their stock price by -28.27% from its current value. Analyst projections state that FARO is forecast to be at a low of $26 and a high of $40.
Faro Technologies Inc (FARO) estimates and forecasts
The year-over-year growth rate is expected to be 1.46%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 82.61M in revenue for the current quarter. 2 analysts expect Faro Technologies Inc to make 83.4M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 82.08M and 82.56M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.63%. Forecasts for the next quarter put sales growth at 1.01%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 33.26%.
FARO Dividends
Faro Technologies Inc’s next quarterly earnings report is expected to be released in June.
BLACKROCK INC., with 8.987% or 1.73 million shares worth $27.74 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Needham Funds Inc-Needham Aggressive Growth Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 965.0 shares worth $40.82 million, making up 5.02% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 567.8 shares worth around $24.02 million, which represents about 2.95% of the total shares outstanding.
