FormFactor Inc (NASDAQ: FORM) stock closed at $51.75 on 5/2/24 after a major increase of 17.6%. Moreover, exceptionally high trading volume at 376% of normal accompanied the advance. The stock has risen 24.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FORM is expected to continue to be a Value Builder.
FormFactor has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. FormFactor has a poor Appreciation Score of 20 but a good Power Rating of 82, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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