Should I buy or sell FARO Technologies stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FARO Technologies in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FARO shares. View FARO analyst ratings or view top-rated stocks .

What is FARO Technologies' stock price target for 2024?

2 brokers have issued 1 year price targets for FARO Technologies' stock. Their FARO share price targets range from $26.00 to $27.00. On average, they expect the company's stock price to reach $26.50 in the next year. This suggests a possible upside of 44.1% from the stock's current price. View analysts price targets for FARO or view top-rated stocks among Wall Street analysts .

How have FARO shares performed in 2024?

FARO Technologies' stock was trading at $22.53 at the start of the year. Since then, FARO shares have decreased by 18.4% and is now trading at $18.39. View the best growth stocks for 2024 here .

When is FARO Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our FARO earnings forecast .

How were FARO Technologies' earnings last quarter?

FARO Technologies, Inc. (NASDAQ:FARO) posted its quarterly earnings data on Wednesday, May, 1st. The scientific and technical instruments company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.27) by $0.11. The scientific and technical instruments company earned $84.24 million during the quarter. FARO Technologies had a negative trailing twelve-month return on equity of 16.09% and a negative net margin of 11.92%. During the same quarter in the previous year, the firm posted ($1.12) earnings per share.

What ETFs hold FARO Technologies' stock?

ETFs with the largest weight of FARO Technologies (NASDAQ:FARO) stock in their portfolio include 3D Printing ETF (PRNT) , ProShares S&P Kensho Smart Factories ETF (MAKX) and Pacer BlueStar Engineering the Future ETF (BULD) . Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) .

What guidance has FARO Technologies issued on next quarter's earnings?

FARO Technologies updated its second quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of -0.080-0.120 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $79.0 million-$87.0 million, compared to the consensus revenue estimate of $85.2 million.

What is Michael D. Burger's approval rating as FARO Technologies' CEO?

29 employees have rated FARO Technologies Chief Executive Officer Michael D. Burger on Glassdoor.com . Michael D. Burger has an approval rating of 35% among the company's employees. This puts Michael D. Burger in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of FARO Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other FARO Technologies investors own include NVIDIA (NVDA) , Marvell Technology (MRVL) , Baidu (BIDU) , Onsemi (ON) , Ambarella (AMBA) , Inseego (INSG) , Niu Technologies (NIU) , Impinj (PI) , Intuitive Surgical (ISRG) and JD.com (JD) .

Who are FARO Technologies' major shareholders?

FARO Technologies' stock is owned by a variety of institutional and retail investors. Top institutional investors include Pinnacle Associates Ltd. (2.76%), Assenagon Asset Management S.A. (1.49%), Mirae Asset Global Investments Co. Ltd. (0.85%), BNP Paribas Financial Markets (0.34%) and GSA Capital Partners LLP (0.31%). Insiders that own company stock include Alexander M Davern, Jeffrey D Sexton, John Donofrio, Matthew Horwath and Yuval Wasserman. 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 .

Does FARO Technologies have any subsidiaries?

The following companies are subsidiares of FARO Technologies: 3D Measurement Technologies S de RL de CV, ARAS 360 Technologies, ATS, ATS China Ltd., ATS Real Reality AB, Advanced Technical Solutions in Scandinavia AB, Antares-Desenvolvimento de Software Lda., Bitstars GmbH, BuildIT Software & Solutions, CATS Computer Aided Technologies GmbH, Cam2 SRL, Dustin Forensics, FARO Benelux BV, FARO Business Technologies India Pvt. Ltd, FARO Cayman LP, FARO Cayman Ltd, FARO Delaware LLC, FARO Europe GmbH, FARO FHN Netherlands Holdings BV, FARO International (Shanghai) Co. Ltd, FARO Japan Inc., FARO Singapore Pte Ltd, FARO Spain SLU, FARO Swiss Holding GmbH, FARO Swiss Manufacturing GmbH, FARO Technologies (Thailand) Ltd, FARO Technologies Canada Inc., FARO Technologies UK Ltd., FARO Technologies do Brasil Ltda, FARO Technology Polska sp.zo.o, FARO Turkey Olcu Sistemleri Ltd. Sti, GeoSLAM, HoloBuilder, Holobuilder Inc., Kubit, Lanmark, Laser Control Systems Limited, Laser Control Systems Limited., Laser Projection Tech, Nutfield, OOO FARO RUS, Open Technologies SRL, Open Technologies SRL, Opto-Tech Srl, Photocore AG, Photocore AG, SiteScape, SpatialMetrix, iQvolution, and mwf-technology GmbH. Read More

NASDAQ:FARO

FARO Technologies (FARO) Stock Price, News & Analysis

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$18.56

+0.32 (+1.75%)

(As of 01:17 PM ET)

Compare

Today's Range: $18.23
▼
$18.69
50-Day Range: $18.16
▼
$22.40
52-Week Range: $10.30
▼
$24.80

Volume: 43,572 shs
Average Volume: 207,515 shs
Market Capitalization: $356.54 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $26.50

Get FARO Technologies alerts:

FARO Technologies MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 44.1% Upside
$26.50 Price Target
Short Interest: Bearish
8.80% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.04
Upright™ Environmental Score
News Sentiment: 0.20
Based on 19 Articles This Week
Insider Trading: Selling Shares
$45,697 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.43 out of 5 stars

Computer And Technology Sector

245th out of 589 stocks

Measuring & Controlling Devices, Not Elsewhere Classified Industry

4th out of 10 stocks

3.5

Analyst's Opinion

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 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.80% of the outstanding shares of FARO Technologies have been sold short.
Short Interest Ratio / Days to Cover
FARO Technologies has a short interest ratio ("days to cover") of 7.9.
Change versus previous month
Short interest in FARO Technologies has recently decreased by 1.74%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
FARO Technologies does not currently pay a dividend.
Dividend Growth
FARO Technologies does not have a long track record of dividend growth.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
FARO Technologies has received a 15.10% net impact score from Upright. FARO Technologies seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is driven by its "3d graphics software" product. See details.
Environmental Sustainability
The Environmental Impact score for FARO Technologies is -1.04.

1.8

News and Social Media Coverage

News Sentiment
FARO Technologies has a news sentiment score of 0.20. 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 lower news sentiment than the 0.41 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for FARO Technologies this week, compared to 3 articles on an average week.

2.5

Company Ownership

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 $45,697.00 in company stock.
Percentage Held by Insiders
Only 1.00% 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.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of FARO Technologies is -8.17, 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 -8.17, 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 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About FARO Technologies Stock (NASDAQ:FARO)

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.

FARO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FARO Stock News Headlines

May 7, 2024 | americanbankingnews.com

FARO Technologies (NASDAQ:FARO) Rating Increased to Buy at StockNews.com

May 6, 2024 | finance.yahoo.com

FARO Technologies, Inc. (NASDAQ:FARO) Q1 2024 Earnings Call Transcript

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May 5, 2024 | americanbankingnews.com

FARO Technologies (NASDAQ:FARO) Rating Reiterated by Needham & Company LLC

May 4, 2024 | finance.yahoo.com

FARO Technologies, Inc. (NASDAQ:FARO) Analysts Are Pretty Bullish On The Stock After Recent Results

May 3, 2024 | washingtonpost.com

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May 1, 2024 | finance.yahoo.com

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May 1, 2024 | prnewswire.com

FARO Announces First Quarter Financial Results

April 30, 2024 | msn.com

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FARO to Announce Financial Results for the First Quarter 2024 on May 1, 2024

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Faro Technologies Inc

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March 29, 2024 | tmcnet.com

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Company Calendar

Last Earnings: 5/01/2024
Today: 5/07/2024
Next Earnings (Estimated): 8/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $26.50
High Stock Price Target: $27.00
Low Stock Price Target: $26.00
Potential Upside/Downside: +44.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.25)
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: -11.92%
Pretax Margin: -11.45%
Return on Equity: -16.09%
Return on Assets: -8.60%

Debt

Debt-to-Equity Ratio: 0.28
Current Ratio: 2.35
Quick Ratio: 2.03

Sales & Book Value

Annual Sales: $358.83 million
Price / Sales: 0.98
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $14.17 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 19,210,000
Free Float: 19,014,000
Market Cap: $353.27 million
Optionable: Optionable
Beta: 1.38

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Key Executives

Mr. Jeffrey D. Sexton (Age 62)
Senior Vice President of Global Sales
Comp: $294.77k
Mr. Peter James Lau (Age 44)
CEO, President & Director
Mr. Matthew Horwath
Senior VP & CFO
Mr. Jason Pollock
Chief Operating Officer
Mr. Oliver Zweigle Ph.D.
Senior VP of Engineering & CTO
Mr. Thomas O. McGimpsey J.D. (Age 62)
Senior VP & General Counsel
Ms. Melanie Stagnitti
VP & Chief Human Resources Officer
Ms. Arianne Boyer
VP & Chief Transformation Officer
Ms. Shelley Gretlein
Senior Vice President of Building Insights
Mr. Roger Isern
Chief Digital Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FARO Stock Analysis - Frequently Asked Questions

Should I buy or sell FARO Technologies stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FARO Technologies in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FARO shares.
View FARO analyst ratings or view top-rated stocks.
What is FARO Technologies' stock price target for 2024?: 2 brokers have issued 1 year price targets for FARO Technologies' stock. Their FARO share price targets range from $26.00 to $27.00. On average, they expect the company's stock price to reach $26.50 in the next year. This suggests a possible upside of 44.1% from the stock's current price.
View analysts price targets for FARO or view top-rated stocks among Wall Street analysts.
How have FARO shares performed in 2024?: FARO Technologies' stock was trading at $22.53 at the start of the year. Since then, FARO shares have decreased by 18.4% and is now trading at $18.39.
View the best growth stocks for 2024 here.
When is FARO Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our FARO earnings forecast.
How were FARO Technologies' earnings last quarter?: FARO Technologies, Inc. (NASDAQ:FARO) posted its quarterly earnings data on Wednesday, May, 1st. The scientific and technical instruments company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.27) by $0.11. The scientific and technical instruments company earned $84.24 million during the quarter. FARO Technologies had a negative trailing twelve-month return on equity of 16.09% and a negative net margin of 11.92%. During the same quarter in the previous year, the firm posted ($1.12) earnings per share.
What ETFs hold FARO Technologies' stock?: ETFs with the largest weight of FARO Technologies (NASDAQ:FARO) stock in their portfolio include 3D Printing ETF (PRNT), ProShares S&P Kensho Smart Factories ETF (MAKX) and Pacer BlueStar Engineering the Future ETF (BULD).Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).

What guidance has FARO Technologies issued on next quarter's earnings?: FARO Technologies updated its second quarter 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of -0.080-0.120 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $79.0 million-$87.0 million, compared to the consensus revenue estimate of $85.2 million.
What is Michael D. Burger's approval rating as FARO Technologies' CEO?: 29 employees have rated FARO Technologies Chief Executive Officer Michael D. Burger on Glassdoor.com. Michael D. Burger has an approval rating of 35% among the company's employees. This puts Michael D. Burger in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of FARO Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other FARO Technologies investors own include NVIDIA (NVDA), Marvell Technology (MRVL), Baidu (BIDU), Onsemi (ON), Ambarella (AMBA), Inseego (INSG), Niu Technologies (NIU), Impinj (PI), Intuitive Surgical (ISRG) and JD.com (JD).
Who are FARO Technologies' major shareholders?: FARO Technologies' stock is owned by a variety of institutional and retail investors. Top institutional investors include Pinnacle Associates Ltd. (2.76%), Assenagon Asset Management S.A. (1.49%), Mirae Asset Global Investments Co. Ltd. (0.85%), BNP Paribas Financial Markets (0.34%) and GSA Capital Partners LLP (0.31%). Insiders that own company stock include Alexander M Davern, Jeffrey D Sexton, John Donofrio, Matthew Horwath and Yuval Wasserman.
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.
Does FARO Technologies have any subsidiaries?: The following companies are subsidiares of FARO Technologies: 3D Measurement Technologies S de RL de CV, ARAS 360 Technologies, ATS, ATS China Ltd., ATS Real Reality AB, Advanced Technical Solutions in Scandinavia AB, Antares-Desenvolvimento de Software Lda., Bitstars GmbH, BuildIT Software & Solutions, CATS Computer Aided Technologies GmbH, Cam2 SRL, Dustin Forensics, FARO Benelux BV, FARO Business Technologies India Pvt. Ltd, FARO Cayman LP, FARO Cayman Ltd, FARO Delaware LLC, FARO Europe GmbH, FARO FHN Netherlands Holdings BV, FARO International (Shanghai) Co. Ltd, FARO Japan Inc., FARO Singapore Pte Ltd, FARO Spain SLU, FARO Swiss Holding GmbH, FARO Swiss Manufacturing GmbH, FARO Technologies (Thailand) Ltd, FARO Technologies Canada Inc., FARO Technologies UK Ltd., FARO Technologies do Brasil Ltda, FARO Technology Polska sp.zo.o, FARO Turkey Olcu Sistemleri Ltd. Sti, GeoSLAM, HoloBuilder, Holobuilder Inc., Kubit, Lanmark, Laser Control Systems Limited, Laser Control Systems Limited., Laser Projection Tech, Nutfield, OOO FARO RUS, Open Technologies SRL, Open Technologies SRL, Opto-Tech Srl, Photocore AG, Photocore AG, SiteScape, SpatialMetrix, iQvolution, and mwf-technology GmbH.
Read More

This page (NASDAQ:FARO) was last updated on 5/7/2024 by MarketBeat.com Staff

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