Forum Energy Technologies Inc (NYSE: FET) on Friday, plunged -3.29% from the previous trading day, before settling in for the closing price of $17.94. Within the past 52 weeks, FET’s price has moved between $14.84 and $26.36.
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It was noted that within the last five years, the titan of the Energy sector saw sales slided by -3.21%. The company achieved an average annual earnings per share of 7.96%. With a float of $11.01 million, this company’s outstanding shares have now reached $12.28 million.
The extent of productivity of a business whose workforce counts for 1600 workers is very important to gauge. In terms of profitability, gross margin is 29.47%, operating margin of 3.74%, and the pretax margin is -1.75%.
Forum Energy Technologies Inc (FET) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of Forum Energy Technologies Inc is 10.38%, while institutional ownership is 63.19%. The most recent insider transaction that took place on Aug 15 ’24, was worth 145,080. In this transaction President & CEO of this company bought 9,000 shares at a rate of $16.12, taking the stock ownership to the 154,890 shares. Before that another transaction happened on Aug 14 ’24, when Company’s President & CEO bought 4,500 for $15.22, making the entire transaction worth $68,490. This insider now owns 145,890 shares in total.
Forum Energy Technologies Inc (FET) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.12 earnings per share (EPS) for the period topping the consensus outlook (set at -0.2) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.96% per share during the next fiscal year.
Forum Energy Technologies Inc (NYSE: FET) Trading Performance Indicators
Forum Energy Technologies Inc (FET) is currently performing well based on its current performance indicators. A quick ratio of 1.19 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28. Likewise, its price to free cash flow for the trailing twelve months is 3.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.27, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach 1.12 in one year’s time.
Technical Analysis of Forum Energy Technologies Inc (FET)
The latest stats from [Forum Energy Technologies Inc, FET] show that its last 5-days average volume of 69380.0 was superior to 42802.0 than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 58.82%. Additionally, its Average True Range was 0.70.
During the past 100 days, Forum Energy Technologies Inc’s (FET) raw stochastic average was set at 44.98%, which indicates a significant decrease from 64.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.99% in the past 14 days, which was higher than the 40.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.81, while its 200-day Moving Average is $19.06. Now, the first resistance to watch is $17.79. This is followed by the second major resistance level at $18.23. The third major resistance level sits at $18.56. If the price goes on to break the first support level at $17.02, it is likely to go to the next support level at $16.69. The third support level lies at $16.25 if the price breaches the second support level.
Forum Energy Technologies Inc (NYSE: FET) Key Stats
Market capitalization of the company is 213.06 million based on 12,284K outstanding shares. Right now, sales total 738,860 K and income totals -18,880 K. The company made 205,210 K in profit during its latest quarter, and -6,700 K in sales during its previous quarter.
