FARO Technologies (FARO) Stock Price, News & Analysis

Company Overview

FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. It also provides FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. It sells its products to automotive, aerospace, and metal and machine fabrication industries. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.

Key Stats

• Today's Range: $25.95 to $27.02
• 50-Day Range: $17.49 to $27.98
• 52-Week Range: $13.52 to $28.04
• Volume: 272,437 shs
• Average Volume: 172,870 shs
• Market Capitalization: $510.76 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $28.00
• Consensus Rating: Buy

FARO Technologies Stock Analysis - MarketRank™

FARO Technologies scored higher than 53% of companies evaluated by MarketBeat, and ranked 381st out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

FARO Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

FARO Technologies has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of FARO Technologies is -77.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of FARO Technologies is -77.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

FARO Technologies has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.95% of the float of FARO Technologies has been sold short.

Short Interest Ratio / Days to Cover

FARO Technologies has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in FARO Technologies has recently decreased by 3.57%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

FARO Technologies does not currently pay a dividend.

Dividend Growth

FARO Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -1.04

Percentage of Shares Shorted

5.95% of the float of FARO Technologies has been sold short.

Short Interest Ratio / Days to Cover

FARO Technologies has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in FARO Technologies has recently decreased by 3.57%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: N/A

News Sentiment

FARO Technologies has a news sentiment score of 1.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for FARO Technologies this week, compared to 3 articles on an average week.

Search Interest

4 people have searched for FARO on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

MarketBeat Follows

7 people have added FARO Technologies to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, FARO Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $90,601.00 in company stock.

Percentage Held by Insiders

Only 2.10% of the stock of FARO Technologies is held by insiders.

Percentage Held by Institutions

97.19% of the stock of FARO Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FARO Stock Analysis - Frequently Asked Questions

How have FARO shares performed this year?

FARO Technologies' stock was trading at $22.53 at the beginning of 2024. Since then, FARO stock has increased by 19.8% and is now trading at $27.00.
View the best growth stocks for 2024 here.

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) issued its earnings results on Wednesday, May, 1st. The scientific and technical instruments company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by $0.11. The scientific and technical instruments company had revenue of $84.24 million for the quarter. FARO Technologies had a negative trailing twelve-month return on equity of 2.49% and a negative net margin of 1.87%.

Does FARO Technologies have any subsidiaries?

FARO Technologies subsidiaries include SiteScape, GeoSLAM, HoloBuilder, ATS, Dustin Forensics, Opto-Tech Srl, Open Technologies SRL, and others.

Who are FARO Technologies' major shareholders?

FARO Technologies' top institutional shareholders include Royce & Associates LP (7.23%), Needham Investment Management LLC (5.44%), Harvey Partners LLC (5.32%) and Polar Asset Management Partners Inc. (3.58%). Insiders that own company stock include Peter James Lau, Matthew Horwath and Jeffrey D Sexton.
View institutional ownership trends.

How do I buy shares of FARO Technologies?

Shares of FARO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of FARO Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FARO Technologies investors own include NVIDIA (NVDA), Tesla (TSLA), Globant (GLOB), Advanced Micro Devices (AMD), Meta Platforms (META), Intel (INTC) and Enovix (ENVX).

Company Calendar

• Last Earnings: 5/01/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Measuring & controlling devices, not elsewhere classified
• Sub-Industry: Electronic Equipment & Instruments
• Current Symbol: NASDAQ:FARO
• CUSIP: 31164210
• CIK: 917491
• Web: www.faro.com
• Phone: (407) 333-9911
• Fax: 407-333-4181
• Employees: 1,243
• Year Founded: 1981

Price Target and Rating

• Average Stock Price Target: $28.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: +3.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.35)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-56,580,000.00
• Net Margins: -1.87%
• Pretax Margin: -1.42%
• Return on Equity: -2.49%
• Return on Assets: -1.32%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 2.17
• Quick Ratio: 1.83

Sales & Book Value

• Annual Sales: $347.73 million
• Price / Sales: 1.47
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $13.51 per share
• Price / Book: 2.00

Miscellaneous

• Outstanding Shares: 18,917,000
• Free Float: 18,520,000
• Market Cap: $510.76 million
• Optionable: Optionable
• Beta: 1.26