Forum Energy Technologies Inc [FET] stock is trading at $19.09, down -0.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FET shares have gain 14.31% over the last week, with a monthly amount glided 27.95%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Forum Energy Technologies Inc [NYSE: FET] stock has seen the most recent analyst activity on June 30, 2020, when Piper Sandler downgraded its rating to a Neutral. Previously, Morgan Stanley downgraded its rating to Underweight on March 16, 2020. On March 11, 2020, downgrade downgraded it’s rating to Hold. B. Riley FBR downgraded its rating to a Sell and decreased its price target to $0.20 on March 11, 2020. Evercore ISI downgraded its rating to a Underperform. BofA/Merrill downgraded its rating to Underperform for this stock on March 09, 2020. In a note dated September 30, 2019, Citigroup downgraded an Neutral rating on this stock.
Forum Energy Technologies Inc [FET] stock has fluctuated between $12.83 and $21.51 over the past year. Forum Energy Technologies Inc [NYSE: FET] shares were valued at $19.09 at the most recent close of the market.
Analyzing the FET fundamentals
Forum Energy Technologies Inc [NYSE:FET] reported sales of 800.61M for the trailing twelve months, which represents a growth of 15.93%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.11 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.93 points at the first support level, and at 18.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.27, and for the 2nd resistance point, it is at 19.45.
Ratios To Look Out For
For context, Forum Energy Technologies Inc’s Current Ratio is 1.93. As well, the Quick Ratio is 0.87, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.53.
Transactions by insiders
Recent insider trading involved RASPINO LOUIS, Director, that happened on Dec 11 ’24 when 4950.0 shares were sold. Director, GAUT C CHRISTOPHER completed a deal on Dec 11 ’24 to sell 2000.0 shares. Meanwhile, Director RASPINO LOUIS bought 4950.0 shares on Dec 11 ’24.
