With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.93 million shares. The 52-week range on FDMT shows that it touched its highest point at $36.25 and its lowest point at $4.41 during that stretch. It currently has a 1-year price target of $35.18. Beta for the stock currently stands at 2.79.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FDMT was down-trending over the past week, with a drop of -1.69%, but this was up by 0.65% over a month. Three-month performance dropped to -44.23% while six-month performance fell -69.71%. The stock lost -83.06% in the past year, while it has lost -16.70% so far this year. For the next quarter, that number is -0.83. This implies an EPS growth rate of -12.47% for this year and -22.79% for next year. EPS is expected to decline by -15.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -46.35%.
Float and Shares Shorts:
At present, 52.00 million FDMT shares are outstanding with a float of 39.57 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FDMT since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.70768 being high and -$3.004 being low. For FDMT, this leads to a yearly average estimate of -$2.90182. Based on analyst estimates, the high estimate for the next quarter is -$0.75 and the low estimate is -$0.98. The average estimate for the next quarter is thus -$0.87.
