Is Fox Factory Holding Corp (NASDAQ: FOXF) Back In The Buying Zone?

Currently, there are 41.95M common shares owned by the public and among those 41.38M shares have been available to trade.

The company’s stock has a 5-day price change of -1.77% and -13.17% over the past three months. FOXF shares are trading -40.01% year to date (YTD), with the 12-month market performance down to -63.10% lower. It has a 12-month low price of $37.48 and touched a high of $112.85 over the same period. FOXF has an average intraday trading volume of 601.63K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.37%, -11.05%, and -22.72% respectively.

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Institutional ownership of Fox Factory Holding Corp (NASDAQ: FOXF) shares accounts for 111.35% of the company’s 41.95M shares outstanding.

It has a market capitalization of $1.69B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 41.65, while the earnings-per-share (ttm) stands at $0.97. The company has a PEG of 2.78 and a Quick Ratio of 1.63 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.16% over the week and 5.33% over the month.

Earnings per share for the fiscal year are expected to decrease by -60.16%, and 74.82% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to 5.71% over the past 5-year period.

Looking at the support for the FOXF, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on February 23, 2024, with the firm’s price target at $55. B. Riley Securities was of a view on November 03, 2023 that the stock is Neutral, while B. Riley Securities gave the stock Buy rating on June 29, 2023, issuing a price target of $125. ROTH MKM on their part issued Neutral rating on April 05, 2023.

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