The stock of Fluidigm Corporation (NASDAQ:FLDM) reached all time low today, Oct, 17 and still has $3.92 target or 10.00% below today’s $4.36 share price. This indicates more downside for the $121.57M company. This technical setup was reported by Barchart.com. If the $3.92 PT is reached, the company will be worth $12.16M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 309,365 shares traded hands or 19.42% up from the average. Fluidigm Corporation (NASDAQ:FLDM) has declined 43.42% since March 14, 2016 and is downtrending. It has underperformed by 49.03% the S&P500.
Analysts await Fluidigm Corporation (NASDAQ:FLDM) to report earnings on November, 3. They expect $-0.54 earnings per share, down 80.00% or $0.24 from last year’s $-0.3 per share. After $-0.47 actual earnings per share reported by Fluidigm Corporation for the previous quarter, Wall Street now forecasts 14.89% negative EPS growth.
Fluidigm Corporation (NASDAQ:FLDM) Ratings Coverage
Out of 5 analysts covering Fluidigm (NASDAQ:FLDM), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Fluidigm has been the topic of 17 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 30 by Mizuho. The stock has “Neutral” rating given by Mizuho on Friday, August 7. As per Thursday, August 27, the company rating was maintained by Maxim Group. Mizuho maintained Fluidigm Corporation (NASDAQ:FLDM) on Friday, August 5 with “Buy” rating. On Friday, February 5 the stock rating was upgraded by Mizuho to “Buy”. The firm earned “Buy” rating on Friday, October 30 by Cantor Fitzgerald. Mizuho maintained Fluidigm Corporation (NASDAQ:FLDM) on Sunday, August 9 with “Hold” rating. Cantor Fitzgerald maintained Fluidigm Corporation (NASDAQ:FLDM) rating on Friday, August 5. Cantor Fitzgerald has “Buy” rating and $11 price target. Piper Jaffray downgraded Fluidigm Corporation (NASDAQ:FLDM) on Friday, August 7 to “Neutral” rating. The firm has “Outperform” rating by Cowen & Co given on Friday, October 2.
According to Zacks Investment Research, “Fluidigm Corporation operates as a biotech tools company that creates microfluidic-based chips and instrumentation for biological research. Products offered by the Company include BioMark HD System- a real time PCR; EP1 system for SNP genotyping; Access Array System-an Integrated Fluidic Circuit (IFC); TOPAZ system for protein crystallography; Dynamic Array integrated fluidic circuits (IFCs); and Access Array Assay Design Services. The Company’s products find its application in Gene Expression, Single-Cell Gene Expression, SNP Genotyping, Targeted Resequencing, Sample Quantitation, Copy Number Variation and Protein Crystallization. Fluidigm Corporation is based in San Francisco, California.”
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.14, from 0.96 in 2016Q1. The ratio dived, as 14 funds sold all Fluidigm Corporation shares owned while 31 reduced positions. 8 funds bought stakes while 29 increased positions. They now own 25.56 million shares or 9.86% less from 28.35 million shares in 2016Q1.
Bnp Paribas Arbitrage Sa holds 1,132 shares or 0% of its portfolio. Franklin Resources last reported 1.99 million shares in the company. Wellington Grp Llp holds 0% of its portfolio in Fluidigm Corporation (NASDAQ:FLDM) for 652,516 shares. California State Teachers Retirement Systems has invested 0% of its portfolio in Fluidigm Corporation (NASDAQ:FLDM). New York State Common Retirement Fund accumulated 0% or 38,475 shares. Great West Life Assurance Can reported 1,788 shares or 0% of all its holdings. Engineers Gate Manager L P accumulated 0.01% or 17,877 shares. Lazard Asset Mngmt Lc owns 318,175 shares or 0.01% of their US portfolio. Primecap Mgmt Comm Ca holds 0.04% of its portfolio in Fluidigm Corporation (NASDAQ:FLDM) for 4.25 million shares. Millennium Management Limited Liability Co, a New York-based fund reported 256,409 shares. Polar Ltd Liability Partnership holds 0.01% of its portfolio in Fluidigm Corporation (NASDAQ:FLDM) for 54,132 shares. Manufacturers Life The holds 22,238 shares or 0% of its portfolio. Tower Rech Lc (Trc) last reported 1,181 shares in the company. Qs Invsts Ltd has 0% invested in the company for 29 shares. Federated Pa has 344 shares for 0% of their US portfolio.
More news for Fluidigm Corporation (NASDAQ:FLDM) were recently published by: Schaeffersresearch.com, which released: “Analyst Downgrades: Fluidigm Corporation, Netflix, Inc., and Nokia Corp” on October 13, 2016. Fool.com‘s article titled: “Why Fluidigm Corporation is Soaring Higher” and published on October 30, 2015 is yet another important article.
FLDM Company Profile
Fluidigm Corporation, incorporated on March 29, 2007, creates, makes and markets technologies and life science tools focused on the exploration and analysis of single cells, as well as the industrial application of genomics, based upon the Company’s core microfluidics and mass cytometry technologies. The Firm sells instruments and consumables, including integrated fluidic circuits, assays and reagents, to academic institutions, clinical laboratories, and pharmaceutical, biotechnology, and agricultural biotechnology (Ag-Bio) companies. The Firm operates in the development, manufacturing and commercialization of life science tools for the life science and Ag-Bio industries segment. The Firm offers various types of products, which include preparatory instruments, preparatory analytical instruments, analytical instruments, integrated fluidic circuits (IFCs), and assays and reagents.
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