Fluidigm Corporation [NASDAQ: FLDM] slipped around -0.46 points on Wednesday, while shares priced at $5.01 at the close of the session, down -8.50%. The company report on February 11, 2021 that Fluidigm Announces Fourth Quarter and Full Year 2020 Financial Results.
Fourth Quarter Total Revenue Increased 38 Percent to $44.6 million.
Fourth Quarter Product and Service Revenue Increased 26 Percent to $40.5 million.
Fluidigm Corporation stock is now -16.58% down from its year-to-date (YTD) trading value. FLDM Stock saw the intraday high of $5.60 and lowest of $4.94 per share. The company’s 52-week high price is 12.45, which means current price is +1.32% above from all time high which was touched on 01/22/21.
Compared to the average trading volume of 2.69M shares, FLDM reached a trading volume of 6564743 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $10.33 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 0.57, with the Price to Sales ratio for FLDM stock in the period of the last 12 months amounting to 2.82. The Price to Book ratio for the last quarter was 2.38, with the Price to Cash per share for the same quarter was set at 0.93.
How has FLDM stock performed recently?
Fluidigm Corporation [FLDM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.56. With this latest performance, FLDM shares dropped by -26.07% in over the last four-week period, additionally sinking by -40.77% over the last 6 months – not to mention a rise of 40.20% 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 35.70, with the RSI for the last a single of trading hit 31.06, and the three-weeks RSI is set at 38.87 for Fluidigm Corporation [FLDM]. The present Moving Average for the last 50 days of trading for this stock 6.31, while it was recorded at 5.70 for the last single week of trading, and 6.19 for the last 200 days.
Fluidigm Corporation [FLDM]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Fluidigm Corporation [FLDM] shares currently have an operating margin of -36.94 and a Gross Margin at +60.32. Fluidigm Corporation’s Net Margin is presently recorded at -38.38.
Return on Total Capital for FLDM is now -22.78, given the latest momentum, and Return on Invested Capital for the company is -23.93. Return on Equity for this stock declined to -36.23, with Return on Assets sitting at -17.99. When it comes to the capital structure of this company, Fluidigm Corporation [FLDM] has a Total Debt to Total Equity ratio set at 68.59. Additionally, FLDM Total Debt to Total Capital is recorded at 40.68, with Total Debt to Total Assets ending up at 29.37. Long-Term Debt to Equity for the company is recorded at 66.45, with the Long-Term Debt to Total Capital now at 39.42.
Receivables Turnover for the company is 6.22 with a Total Asset Turnover recorded at a value of 0.47.Fluidigm Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.90.
Earnings analysis for Fluidigm Corporation [FLDM]
With the latest financial reports released by the company, Fluidigm Corporation posted -0.23/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -53.30%. 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%.
Insider trade positions for Fluidigm Corporation [FLDM]
There are presently around $325 million, or 91.20% of FLDM stock, in the hands of institutional investors. The top three institutional holders of FLDM stocks are: BLACKROCK INC. with ownership of 5,577,959, which is approximately 3.931% of the company’s market cap and around 0.40% of the total institutional ownership; INDABA CAPITAL MANAGEMENT, L.P., holding 5,530,600 shares of the stock with an approximate value of $27.68 million in FLDM stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $27.2 million in FLDM stock with ownership of nearly -3.859% of the company’s market capitalization.
Positions in Fluidigm Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 91 institutional holders increased their position in Fluidigm Corporation [NASDAQ:FLDM] by around 10,522,310 shares. Additionally, 59 investors decreased positions by around 11,473,966 shares, while 18 investors held positions by with 42,869,847 shares. The mentioned changes placed institutional holdings at 64,866,123 shares, according to the latest SEC report filing. FLDM stock had 37 new institutional investments in for a total of 1,720,713 shares, while 27 institutional investors sold positions of 4,529,307 shares during the same period.