FORM Stock Summary and Trading Ideas (Formfactor | NASDAQ:FORM)

FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.

Formfactor trades on the NASDAQ stock market under the symbol FORM.

As of December 13, 2024, FORM stock price declined to $42.50 with 668,617 million shares trading.

FORM has a beta of 3.05, meaning it tends to be more sensitive to market movements. FORM has a correlation of 0.46 to the broad based SPY ETF.

FORM has a market cap of $3.29 billion. This is considered a Mid Cap stock.

Last quarter Formfactor reported $208 million in Revenue and $.35 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.04.

In the last 3 years, FORM traded as high as $63.63 and as low as $18.15.

The top ETF exchange traded funds that FORM belongs to (by Net Assets): IJR, IWM, VTI, VB, VGT.

FORM has underperformed the market in the last year with a return of +8.5%, while the SPY ETF gained +29.9%. In the last 3 month period, FORM fell short of the market, returning -3.6%, while SPY returned +7.8%. However, in the most recent 2 weeks FORM has outperformed the stock market by returning +6.1%, while SPY returned +0.3%.

FORM support price is $41.51 and resistance is $44.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FORM shares will trade within this expected range on the day.