Faro Technologies Stock Today

FARO Stock  USD 21.61  0.74  3.55%   

Performance

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Odds Of Distress

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FARO Technologies is selling at 21.61 as of the 28th of March 2024; that is 3.55% increase since the beginning of the trading day. The stock's open price was 20.87. FARO Technologies has less than a 11 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for FARO Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
18th of September 1997
Category
Technology
Classification
Information Technology
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. FARO Technologies, Inc. The company has 18.97 M outstanding shares of which 1.74 M shares are currently shorted by private and institutional investors with about 7.96 trading days to cover. More on FARO Technologies

Moving against FARO Stock

  0.49GRMN Garmin Financial Report 1st of May 2024 PairCorr

FARO Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. FARO Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding FARO Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorMichael Burger
Thematic Ideas
(View all Themes)
Business ConcentrationElectronic Equipment, Instruments & Components, Scientific & Technical Instruments, Information Technology, Nasdaq CTA Artificial, NASDAQ Composite, NASDAQ Composite Total, Computers, Measuring and Control Equipment, Information Technology, Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering FARO Technologies report their recommendations after researching FARO Technologies' financial statements, talking to executives and customers, or listening in on FARO Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering FARO Technologies. The FARO consensus assessment is calculated by taking the average forecast from all of the analysts covering FARO Technologies.
Financial Strength
Based on the key indicators related to FARO Technologies' liquidity, profitability, solvency, and operating efficiency, FARO Technologies is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of FARO Technologies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.910.711
Significantly Up
Slightly volatile
Gross Profit Margin0.620.4857
Significantly Up
Pretty Stable
Total Current Liabilities118.9 M113.3 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total129 M122.8 M
Sufficiently Up
Slightly volatile
Total Assets293.7 M504.7 M
Way Down
Slightly volatile
Total Current Assets201.1 M258.1 M
Significantly Down
Pretty Stable
FARO Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to FARO Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand FARO Technologies' financial leverage. It provides some insight into what part of FARO Technologies' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on FARO Technologies' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how FARO Technologies deploys its capital and how much of that capital is borrowed.
Liquidity
FARO Technologies cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 89.03 M in liabilities with Debt to Equity (D/E) ratio of 0.07, which may suggest the company is not taking enough advantage from borrowing. FARO Technologies has a current ratio of 2.52, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist FARO Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, FARO Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like FARO Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for FARO to invest in growth at high rates of return. When we think about FARO Technologies' use of debt, we should always consider it together with cash and equity.

Depreciation

8.39 Million
FARO Technologies (FARO) is traded on NASDAQ Exchange in USA. It is located in 125 Technology Park, Lake Mary, FL, United States, 32746 and employs 1,243 people. FARO Technologies is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 395.89 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate FARO Technologies's market, we take the total number of its shares issued and multiply it by FARO Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. FARO Technologies conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 18.97 M outstanding shares of which 1.74 M shares are currently shorted by private and institutional investors with about 7.96 trading days to cover. FARO Technologies currently holds about 101.97 M in cash with 1.07 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.58.
Check FARO Technologies Probability Of Bankruptcy
Ownership Allocation
FARO Technologies retains a total of 18.97 Million outstanding shares. The majority of FARO Technologies outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in FARO Technologies to benefit from reduced commissions. Thus, institutional investors are subject to a different set of regulations than regular investors in FARO Technologies. Please pay attention to any change in the institutional holdings of FARO Technologies as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check FARO Ownership Details

FARO Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of FARO Technologies jumping above the current price in 90 days from now is about 55.61%. The FARO Technologies probability density function shows the probability of FARO Technologies stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.8091. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, FARO Technologies will likely underperform. Additionally, fARO Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 21.61HorizonTargetOdds Above 21.61
44.09%90 days
 21.61 
55.61%
Based on a normal probability distribution, the odds of FARO Technologies to move above the current price in 90 days from now is about 55.61 (This FARO Technologies probability density function shows the probability of FARO Stock to fall within a particular range of prices over 90 days) .

FARO Stock Institutional Holders

Institutional Holdings refers to the ownership stake in FARO Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of FARO Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing FARO Technologies' value.
InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2023-12-31
450.7 K
Geode Capital Management, Llc2023-12-31
414.7 K
Ameriprise Financial Inc2023-12-31
402.7 K
State Street Corporation2023-12-31
392.1 K
Legal & General Group Plc2023-12-31
351.6 K
Invenomic Capital Management, Lp2023-12-31
340.2 K
Needham Investment Management, Llc2023-12-31
332.2 K
Ark Investment Management Llc2023-12-31
285.7 K
Marshall Wace Asset Management Ltd2023-12-31
261.7 K
Blackrock Inc2023-12-31
1.5 M
Vanguard Group Inc2023-12-31
1.5 M
View FARO Technologies Diagnostics

FARO Technologies Historical Income Statement

FARO Technologies Income Statement is one of the three primary financial statements used for reporting FARO's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of FARO Technologies revenue and expense. FARO Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, FARO Technologies' Interest Expense is very stable compared to the past year. As of the 28th of March 2024, Income Tax Expense is likely to grow to about 3.1 M, while Depreciation And Amortization is likely to drop about 8.5 M. View More Fundamentals

FARO Stock Against Markets

Picking the right benchmark for FARO Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in FARO Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for FARO Technologies is critical whether you are bullish or bearish towards FARO Technologies at a given time. Please also check how FARO Technologies' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in FARO Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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FARO Technologies Corporate Directors

FARO Technologies corporate directors refer to members of a FARO Technologies board of directors. The board of directors generally takes responsibility for the FARO Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of FARO Technologies' board members must vote for the resolution. The FARO Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John CaldwellIndependent DirectorProfile
John DonofrioIndependent DirectorProfile
Lynn BrubakerIndependent DirectorProfile
Joseph ArezoneManaging Director of Europe, Middle East and Africa and Managing Director of Asia PacificProfile

How to buy FARO Stock?

Before investing in FARO Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in FARO Technologies. To buy FARO Technologies stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of FARO Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase FARO Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located FARO Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased FARO Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as FARO Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy FARO Stock please use our How to Invest in FARO Technologies guide.

Already Invested in FARO Technologies?

The danger of trading FARO Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FARO Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FARO Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FARO Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether FARO Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FARO Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Faro Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Faro Technologies Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FARO Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in FARO Stock, please use our How to Invest in FARO Technologies guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running FARO Technologies' price analysis, check to measure FARO Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FARO Technologies is operating at the current time. Most of FARO Technologies' value examination focuses on studying past and present price action to predict the probability of FARO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FARO Technologies' price. Additionally, you may evaluate how the addition of FARO Technologies to your portfolios can decrease your overall portfolio volatility.
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Is FARO Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FARO Technologies. If investors know FARO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FARO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.99)
Revenue Per Share
18.968
Quarterly Revenue Growth
(0.05)
Return On Assets
(0.03)
Return On Equity
(0.20)
The market value of FARO Technologies is measured differently than its book value, which is the value of FARO that is recorded on the company's balance sheet. Investors also form their own opinion of FARO Technologies' value that differs from its market value or its book value, called intrinsic value, which is FARO Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FARO Technologies' market value can be influenced by many factors that don't directly affect FARO Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FARO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if FARO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FARO Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.