Forum Energy Technologies Inc [FET] stock prices are up 2.66% to $15.45 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FET shares have gain 9.89% over the last week, with a monthly amount drifted -26.78%, and not 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.
The stock price of Forum Energy Technologies Inc [FET] has been fluctuating between $12.78 and $21.57 over the past year. Forum Energy Technologies Inc [NYSE: FET] shares were valued at $15.45 at the most recent close of the market.
Analyzing the FET fundamentals
The Forum Energy Technologies Inc [NYSE:FET] reported sales of 816.41M for trailing twelve months, representing a surge of 8.53%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.33 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 15.09 points at the first support level, and at 14.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.84, and for the 2nd resistance point, it is at 16.22.
Ratios To Look Out For
It’s worth pointing out that Forum Energy Technologies Inc [NYSE:FET]’s Current Ratio is 2.46. In addition, the Quick Ratio stands at 1.14 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 0.59.
Transactions by insiders
Recent insider trading involved Lux Neal, President & CEO, that happened on Mar 13 ’25 when 9129.0 shares were purchased. President & CEO, Lux Neal completed a deal on Mar 14 ’25 to buy 3478.0 shares. Meanwhile, Director RASPINO LOUIS sold 4950.0 shares on Dec 11 ’24.
