In yesterday’s Wall Street session, Faro Technologies Inc (NASDAQ:FARO) shares traded at $30.84, down -3.11% from the previous session.
FARO stock price is now 17.02% away from the 50-day moving average and 55.23% away from the 200-day moving average. The market capitalization of the company currently stands at $583.41M.
With the price target maintained at $26, Craig Hallum recently Upgraded its rating from Hold to Buy for Faro Technologies Inc (NASDAQ: FARO). On April 28, 2022, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $74 to quote $40, while ‘Needham’ rates the stock as ‘Buy’
In other news, Horwath Matthew, SVP & Chief Financial Officer sold 645 shares of the company’s stock on Dec 03 ’24. The stock was sold for $16,854 at an average price of $26.13. Upon completion of the transaction, the SVP & Chief Financial Officer now directly owns 29,329 shares in the company, valued at $0.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Officer Horwath Matthew bought 645 shares of the business’s stock. A total of $16,852 was incurred on buying the stock at an average price of $26.13. A total of 4.02% of the company’s stock is owned by insiders.
During the past 12 months, Faro Technologies Inc has had a low of $13.52 and a high of $32.07. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 2.15, and a quick ratio of 1.80. The fifty day moving average price for FARO is $26.3534 and a two-hundred day moving average price translates $19.86745 for the stock.
The latest earnings results from Faro Technologies Inc (NASDAQ: FARO) was released for 2024-09-30. The net profit margin was -1.87% and return on equity was -2.52% for FARO. The company reported revenue of $82.56 million for the quarter, compared to $86.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.9 percent. For the current quarter, analysts expect FARO to generate $91.4M in revenue.
