Stock To Watch: FARO Technologies, Inc. (NASDAQ:FARO)


The leading market experts have placed a mean price target of $37.80 on FARO Technologies, Inc. (NASDAQ:FARO) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.46 a share for the upcoming quarter and $1.05 for the current fiscal.

Technical View

The technical analysis of FARO Technologies, Inc. plainly substantiates that the 50-day moving average of FARO Technologies, Inc. is $33.87, and stock is trading $-1.22 points away or -3.61% from its 50-day moving average of $33.87. Further it is trading $0.69 or +2.17% away its 200-day moving average of $31.96. FARO Technologies, Inc. (NASDAQ:FARO) 52-week high is $42.79 and the 52-week low is $20.72.

This explains if the stock moves $-10.14, it will post a 52-week high. In event of +57.58% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of FARO Technologies, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, FARO Technologies, Inc. (NASDAQ:FARO) ratio came in at 38.19.

The stock last ended the trading session at $32.65 and registered a market cap of $544.41M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. FARO Technologies, Inc. (NASDAQ:FARO) PEG ratio is at 2.05.

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