The price of FARO Technologies Inc. (NASDAQ:FARO) shares last traded on Wall Street rose 0.11% to $27.90.
Based on available information, 4 analysts follow FARO Technologies Inc. (NASDAQ:FARO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $30.00, we find $35.50. Given the previous closing price of $27.87, this indicates a potential upside of 27.38 percent. FARO stock price is now -11.11% away from the 50-day moving average and -14.69% away from the 200-day moving average. The market capitalization of the company currently stands at $663.74M.
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Among analysts, 2 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $39.00 as their price target over the next twelve months.
With the price target reduced from $74 to $40, Craig Hallum Downgraded its rating from Buy to Hold for FARO Technologies Inc. (NASDAQ: FARO). On October 07, 2021, Needham Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $77, while ‘Craig Hallum’ rates the stock as ‘Buy’.
Insiders disposed of 10,538 shares of company stock worth roughly $0.29 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FARO stock. A new stake in FARO Technologies Inc. shares was purchased by EXCHANGE TRADED CONCEPTS, LLC during the first quarter worth $12,640,000. JACOBS LEVY EQUITY MANAGEMENT, INC invested $4,733,000 in shares of FARO during the first quarter. In the first quarter, FARMER STEVEN PATRICK acquired a new stake in FARO Technologies Inc. valued at approximately $2,480,000. AMH EQUITY LTD acquired a new stake in FARO for approximately $2,232,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in FARO valued at around $1,095,000 in the second quarter.
A candlestick chart of FARO Technologies Inc. (NASDAQ: FARO) showed a price of $28.00 on Monday morning. During the past 12 months, FARO Technologies Inc. has had a low of $25.20 and a high of $59.65. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.20, and a quick ratio of 1.70. The fifty day moving average price for FARO is $31.35 and a two-hundred day moving average price translates $32.59 for the stock.
The latest earnings results from FARO Technologies Inc. (NASDAQ: FARO) was released for Jun, 2022. According to the Scientific & Technical Instruments Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.08 by 0.05. This compares to -$0.21 EPS in the same period last year. The net profit margin was -16.40% and return on equity was -18.10% for FARO. The company reported revenue of $85.33 million for the quarter, compared to $79.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.78 percent. For the current quarter, analysts expect FARO to generate $83.8M in revenue.
FARO Technologies Inc.(FARO) Company Profile
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points. It also provides FARO ScanPlan, a handheld mapper that captures two-dimensional floor plans; and FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. The company offers its products for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.
