Fluidigm Corporation (NASDAQ:FLDM) does about 3.20M shares in volume on a normal day but saw 7632807 shares change hands in Friday trading. The company now has a market cap of 564.10M USD and an enterprise value of about $614.04M. Its current market price is $8.72, marking an increase of 10.24% compared to the previous close of $7.91. The 52 week high reached by this stock is $9.26 whilst the lowest price level in 52 weeks is $1.17. The script in recent trading has seen the stock touch a high of $9.20 and a low of $7.77.
Fluidigm Corporation (FLDM) has a 20-day trading average at $7.22 and the current price is -5.83% off the 52-week high compared with 645.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.77 and its 200-day simple moving average is $3.84. If we look at the stock’s price movements over the week, volatility stands at 10.54%, which increases to 12.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.79 to suggest the stock is neutral.
3 analysts observing the Fluidigm Corporation (FLDM) stock have set the 12-month price targets for the company’s shares at between $12.00 and $14.00. The consensus objective for the share price is $12.67, suggesting that the stock has a potential upside of 31.18% over the period. The median price target is 27.33% away from the current levels at $12.00.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 06, 2019 when Janney downgraded the stock to “Neutral” and issued a price target of. UBS upgraded the stock to “Buy” from Neutral on October 18, 2019 at a price target of $14-$7. UBS initiated its price target at $14.
The current price level is 23.40%, 53.80%, and 128.31% away from its SMA20, SMA50, and SMA200 respectively, with the FLDM price moving below the 50-day SMA on August 21. Fluidigm Corporation (FLDM) stock is up 15.34% over the week and 44.37% over the past month. Its price is 150.57% year-to-date and 50.34% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.18 above consensus estimates by $0.05. The company’s next earnings report is expected on 10/29/2020, with forecasts estimating quarterly EPS at -$0.19 and -$0.72 for whole year. FLDM’s earnings per share are forecast to grow by 25.80% this year and 6.90% over next year. Expected sales for next quarter are $42.31 million, which analysts say will come at $128.94 million for the current fiscal year and next year at $161.84 million. In addition, estimates put the company’s current quarterly revenue at an average of $32.94 million.
Its 12-month price target is $12.00. To reach the target analysts have set, the stock logically needs to grow 31.18 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $12.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $14.00.
Outstanding shares total 70.92M with insiders holding 1.24% of the shares and institutional holders owning 94.59% of the company’s common stock. The company has a return on investment of -29.90% and return on equity of -37.00%. The beta has a value of 2.18. Price to book ratio is 4.66 and price to sales ratio is 5.01.
According to a U.S. Securities and Exchange Commission filing, PRIMECAP Odyssey Aggressive Growt has reduced its position in Fluidigm Corporation (FLDM) to 4,465,132 shares, mirroring a recent drop by -0.48%. PRIMECAP Odyssey Aggressive Growt dumped 21500.0 shares of Fluidigm Corporation common stock bringing its total worth to about $31.43 million at the end of recent close, SEC documents show. PRIMECAP Odyssey Aggressive Growt isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 0.0 shares to end up with 1,995,623 shares worth $14.05 million. Vanguard Investment Series Plc – cut their holdings by -6.60% in the company over the course of the most recent quarter. It now holds a 2.41% position in Fluidigm Corporation thanks to 1.71 million shares amounting to $12.01 million.