Forum Energy Technologies, Inc. (NYSE:FET) went down by -7.50% from its latest closing price when compared to the 1-year high value of $12.80 and move down -764.86%, while FET stocks collected -20.86% of loss with the last five trading sessions.
Forum Energy Technologies, Inc. (NYSE:FET) Worth an Investment?
Forum Energy Technologies, Inc. (NYSE: FET) The 36 Months beta value for FET stocks is at 2.39, while 5 of the analysts out of 15 who provided ratings for Forum Energy Technologies, Inc. stocks as a “buy” while 1 as overweight, 9 rated it as hold and 0 as sell. The average price we get from analysts is $3.50 which is $2.1 above current price. FET currently has a short float of 6.90% and public float of 92.9M with average trading volume of 1.11M shares.
FET Market Performance
FET stocks went down by -20.86% for the week, with the monthly drop of -45.59% and a quarterly performance of -72.64%, while its annual performance rate touched -87.46%. The simple moving average for the period of the last 20 days is -32.64% for FET stocks with the simple moving average of -70.60% for the last 200 days.
Analysts’ Opinion on Forum Energy Technologies, Inc. (NYSE:FET)
Many brokerage firms have already submitted their reports for FET stocks, with Gabelli & Co repeating the rating for FET shares by setting it to “Hold”. The predicted price for FET socks in the upcoming period according to Gabelli & Co is based on the research report published on July 29, 2019.
BofA/Merrill, on the other hand, stated in their research note that they expect to see FET stock at the price of $3.50, previously predicting the value of $7. The rating they have provided for FET stocks is “Neutral” according to the report published on June 25, 2019.
Citigroup gave “ Buy” rating to FET stocks, setting the target price at $3.50 in the report published on March 14, 2019.
FET Stocks -48.35% Far from 50 Day Moving Average
After a stumble in the market that brought FET to its low price for the period of the last 52 weeks, Forum Energy Technologies, Inc. was unable to take a rebound, for now settling with -88.44% of loss for the given period.
The stock volatility was left at 8.88%, however, within the period of a single month, the volatility rate increased by 8.04%, while the shares sank at the distance of -40.56% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -61.36% lower at the present time.
In the course of the last 5 trading sessions, FET went down by -20.86%, which changed the moving average for the period of 200 days to the total of -82.67% of losses for the stock in comparison to the 20-day moving average settled at $2.15. In addition, Forum Energy Technologies, Inc. saw -64.16% in overturn over the period of a single year with a tendency to cut further losses.
FET Stock Fundamentals
The current profitability levels are settled at -2.88 for the present operating margin and +24.09 for gross margin. The net margin for Forum Energy Technologies, Inc. stands at -35.15. Total capital return value is set at -1.77, while invested capital returns managed to touch -21.60. Equity return holds the value -36.30%, with -21.30% for asset returns.
Based on Forum Energy Technologies, Inc. (FET), the company’s capital structure generated 50.35 points for debt to equity in total, while total debt to capital is set at the value of 33.49. Total debt to assets is settled at the value of 28.35 with long-term debt to equity ratio rests at 50.24 and long-term debt to capital is 33.42.
EBITDA value lies at +16.62 M with total debt to EBITDA carrying the value of 11.82. The value for Enterprise to Sales is 0.62 with debt to enterprise value settled at 0.56. The receivables turnover for Forum Energy Technologies, Inc. is 4.94 with the total asset turnover at the value of 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.23.