Monday, September 21, 2020

Janney slashes price target on Fluidigm Corporation [FLDM] – find out why.

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Fluidigm Corporation [NASDAQ: FLDM] loss -6.62% on the last trading session, reaching $7.33 price per share at the time. The company report on August 26, 2020 that Fluidigm Granted FDA Emergency Use Authorization for Saliva-Based Advanta Dx SARS-CoV-2 RT-PCR Assay for COVID-19.

Easy-to-Administer Saliva Test for COVID-19 Available for Immediate Shipment.

Extraction-Free, Real-Time PCR Workflow with Capacity of up to 6,000 Tests per Day per System Demonstrated 100 Percent Agreement with Authorized Nasopharyngeal Assays.

Fluidigm Corporation represents 70.92 million in outstanding shares, while the company has a total market value of $519.70 million with the latest information. FLDM stock price has been found in the range of $7.01 to $8.08.

If compared to the average trading volume of 6.20M shares, FLDM reached a trading volume of 7931911 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Fluidigm Corporation [FLDM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FLDM shares is $14.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FLDM stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Janney have made an estimate for Fluidigm Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 06, 2019. While these analysts kept the previous recommendation, UBS raised their target price from $14 to $7. The new note on the price target was released on October 18, 2019, representing the official price target for Fluidigm Corporation stock. Previously, the target price had yet another raise to $14, while UBS analysts kept a Neutral rating on FLDM stock.

The Average True Range (ATR) for Fluidigm Corporation is set at 1.19, with the Price to Sales ratio for FLDM stock in the period of the last 12 months amounting to 4.62. The Price to Book ratio for the last quarter was 3.92, with the Price to Cash per share for the same quarter was set at 0.64.

Trading performance analysis for FLDM stock

Fluidigm Corporation [FLDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.61. With this latest performance, FLDM shares gained by 4.56% in over the last four-week period, additionally plugging by 128.35% over the last 6 months – not to mention a rise of 38.04% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FLDM stock in for the last two-week period is set at 48.73, with the RSI for the last a single of trading hit 43.81, and the three-weeks RSI is set at 50.79 for Fluidigm Corporation [FLDM]. The present Moving Average for the last 50 days of trading for this stock 6.45, while it was recorded at 8.69 for the last single week of trading, and 4.06 for the last 200 days.

Fluidigm Corporation [FLDM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Fluidigm Corporation [FLDM] shares currently have an operating margin of -43.84 and a Gross Margin at +54.83. Fluidigm Corporation’s Net Margin is presently recorded at -55.26.

Return on Total Capital for FLDM is now -22.46, given the latest momentum, and Return on Invested Capital for the company is -28.42. Return on Equity for this stock declined to -57.41, with Return on Assets sitting at -22.79. When it comes to the capital structure of this company, Fluidigm Corporation [FLDM] has a Total Debt to Total Equity ratio set at 39.04. Additionally, FLDM Total Debt to Total Capital is recorded at 28.08, with Total Debt to Total Assets ending up at 22.65. Long-Term Debt to Equity for the company is recorded at 37.85, with the Long-Term Debt to Total Capital now at 27.22.

Reflecting on the efficiency of the workforce at the company, Fluidigm Corporation [FLDM] managed to generate an average of -$114,470 per employee. Receivables Turnover for the company is 6.58 with a Total Asset Turnover recorded at a value of 0.41.Fluidigm Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.00.

Fluidigm Corporation [FLDM]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Fluidigm Corporation posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FLDM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fluidigm Corporation go to -8.06%.

An analysis of insider ownership at Fluidigm Corporation [FLDM]

There are presently around $458 million, or 89.00% of FLDM stock, in the hands of institutional investors. The top three institutional holders of FLDM stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 6,003,443, which is approximately -2.826% of the company’s market cap and around 1.00% of the total institutional ownership; NEUBERGER BERMAN GROUP LLC, holding 5,699,579 shares of the stock with an approximate value of $41.78 million in FLDM stocks shares; and BLACKROCK INC., currently with $38.37 million in FLDM stock with ownership of nearly -1.232% of the company’s market capitalization.

Positions in Fluidigm Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 67 institutional holders increased their position in Fluidigm Corporation [NASDAQ:FLDM] by around 13,501,261 shares. Additionally, 62 investors decreased positions by around 15,313,839 shares, while 6 investors held positions by with 33,679,174 shares. The mentioned changes placed institutional holdings at 62,494,274 shares, according to the latest SEC report filing. FLDM stock had 30 new institutional investments in for a total of 8,330,404 shares, while 21 institutional investors sold positions of 2,498,949 shares during the same period.

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