TTMI Stock Summary and Trading Ideas (TTM Technologies | NASDAQ:TTMI)

TTM Technologies Inc manufactures technology solutions, including mission systems, radio frequency (RF) components/RF microwave/microelectronic assemblies, quick-turn and technologically printed circuit boards (PCB). The company is based in the United States and derives roughly half of its revenue domestically. The company organizes itself into two segments: printed circuit boards and RF&S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.

TTM Technologies trades on the NASDAQ stock market under the symbol TTMI.

As of April 23, 2024, TTMI stock price climbed to $14.59 with 463,969 million shares trading.

TTMI has a beta of 1.73, meaning it tends to be more sensitive to market movements. TTMI has a correlation of 0.28 to the broad based SPY ETF.

TTMI has a market cap of $1.48 billion. This is considered a Small Cap stock.

Last quarter TTM Technologies reported $569 million in Revenue and $.41 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.05.

In the last 3 years, TTMI stock traded as high as $17.49 and as low as $9.76.

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

TTMI has underperformed the market in the last year with a return of +18.8%, while the SPY ETF gained +24.3%. In the last 3 month period, TTMI fell short of the market, returning -0.8%, while SPY returned +4.6%. However, in the most recent 2 weeks TTMI has outperformed the stock market by returning -0.7%, while SPY returned -2.6%.

TTMI support price is $13.96 and resistance is $14.56 (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 TTMI stock will trade within this expected range on the day.