Where is FARO Technologies, Inc. (NASDAQ:FARO) Headed Near Term?

During the past trading session, shares of FARO Technologies, Inc. (NASDAQ:FARO) traded +0.14%. Covering analysts are predicting the stock to move to $36.17 within the next year. Depending on the analyst, target price projections may differ widely. This target price is a consensus number based on polled analysts by Thomson Reuters. 

Wall Street analysts have the ability to use various metrics to help calculate target projections. A commonly used metric is a company’s P/E Ratio. This calculation stems from dividing the current share price by the projected earnings per share. At the time of this writing, FARO Technologies, Inc. has a price to earnings ratio of 37.12. Investors may also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may indicate that the company is overvalued. A PEG Ratio near one may be seen as fair value. The stock presently has a PEG Ratio of 3.14.

Taking a brief view of stock performance, we see that company shares are currently trading $2.13 off the 50-day moving average of $34.32 and $2.11 off of the 200-day moving average of $34.34. The stock has been recently recorded -4.09% off of the 52-week high of 38.01 and +75.92% away from the 52-week low of 20.72. Tracking the stock price relative to moving averages and highs and lows for the year may help evaluate the future value of the stock. 

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