Full Company Name: FormFactor Inc
Current Price: $31
Entry Point: $31.30
Target Price: $35
Projected Yield: 11.90%
Time Line: 1 to 3 months
FormFactor Inc is a US based company developing boards and sensors for information systems.
What's the Idea?
With the news background, the stock has approached the entry point at $31.30, with around 12% yield potential.
● FormFactor raised its revenue forecast in Q2 to $157M-$161M, as the company did not face any serious issues due to the coronavirus in Q1.
● The initial forecast was 10% lower than the earnings in Q1, which amounted to $160.8M.
● B.Riley raised the target price from $30 to $36, leaving the Buy rating unchanged.
How to Use an Investment Idea
Need an investment idea today? Check out FormFactor Inc, a good addition to a balanced portfolio of 15 or more stocks.
How to Buy FormFactor Stock
There are two ways to do that:
Freedom24 Web Platform: Go to the Web Terminal Section, type FormFactor or FORM (FormFactor NASDAQ ticker) in the search box, and select FORM.US in the results. Open a secure session in the trading window on the right, select the number of shares you want to buy, and click Buy.
Freedom24 iPhone App: Go to the Price screen and tab the search icon in the top right corner. In the search box that shows up, type FormFactor or FORM (FormFactor NASDAQ ticker) and select FORM.US in the results. You will then see FormFactor stock in the market watch; tap it and go to the Order tab in the dialog that shows up. Specify the number of shares you want to buy and click Buy.
FormFactor is trading in the NASDAQ, a US stock exchange, which means you need US dollars to buy it. If your account currency is different, you need to convert your funds to USD. To do so, go to Web Platform > Account Balance in the trading platform, or select My Portfolio > Free Margin in your Member Area. Then, click the Convert green button near the USD box, specify the amount, and confirm your transaction. You can find more on converting currencies through Freedom24 web platform here.
You can also convert euros to US dollars via the Freedom24 app: go to Portfolio, select Currency Exchange, specify the amount, and confirm your transaction.
Buy FormFactor Inc
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