Currently, there are 19.23M common shares owned by the public and among those 18.42M shares have been available to trade.
The company’s stock has a 5-day price change of 40.87% and 35.86% over the past three months. FARO shares are trading 67.03% year to date (YTD), with the 12-month market performance up to 130.84% higher. It has a 12-month low price of $13.52 and touched a high of $33.13 over the same period. FARO has an average intraday trading volume of 267.54K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 51.33%, 48.74%, and 77.41% respectively.
Institutional ownership of Faro Technologies Inc (NASDAQ: FARO) shares accounts for 94.28% of the company’s 19.23M shares outstanding.
It has a market capitalization of $814.43M and a beta (3y monthly) value of 1.50. The earnings-per-share (ttm) stands at -$0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.83% over the week and 5.70% over the month.
Earnings per share for the fiscal year are expected to increase by 45.36%, and 15.96% over the next financial year.
Looking at the support for the FARO, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on August 03, 2023, with the firm’s price target at $26. Craig Hallum coverage for the Faro Technologies Inc (FARO) stock in a research note released on April 28, 2022 offered a Hold rating with a price target of $40. Needham was of a view on October 07, 2021 that the stock is Buy, while Craig Hallum gave the stock Buy rating on February 21, 2020, issuing a price target of $76. Gabelli & Co on their part issued Hold rating on November 01, 2019.
