Forum Energy Technologies Inc [FET] stock is trading at $20.25, up 0.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FET shares have gain 9.52% over the last week, with a monthly amount glided 36.92%, 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 $12.78 and $21.57 over the past year. Forum Energy Technologies Inc [NYSE: FET] shares were valued at $20.25 at the most recent close of the market.
Analyzing the FET fundamentals
Forum Energy Technologies Inc [NYSE:FET] reported sales of 807.29M for the trailing twelve months, which represents a drop of -4.50%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.32 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 19.72 points at the first support level, and at 19.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.57, and for the 2nd resistance point, it is at 20.88.
Ratios To Look Out For
For context, Forum Energy Technologies Inc’s Current Ratio is 2.46. Further, the Quick Ratio stands at 1.10, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 0.78.
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.
