Forterra, Inc. (NASDAQ:FRTA) went down by -10.05% from its latest closing price compared to the recent 1-year high of $17.58. The company’s stock price has collected 18.20% of gains in the last five trading sessions. Press Release reported on 09/14/20 that Forterra Announces Secondary Offering of 10,000,000 Shares
Is It Worth Investing in Forterra, Inc. (NASDAQ :FRTA) Right Now?
Forterra, Inc. (NASDAQ:FRTA) scored a price-to-earnings ratio above its average ratio, recording 38.06 x from its present earnings ratio. Plus, the 36-month beta value for FRTA is at 2.44. Opinions of the stock are interesting as 2 analysts out of 5 who provided ratings for Forterra, Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $16.30, which is $1.86 above the current price. FRTA currently public float of 18.90M and currently shorts hold a 11.62% ratio of that float. Today, the average trading volume of FRTA was 338.61K shares.
FRTA’s Market Performance
FRTA stocks went up by 18.20% for the week, with a monthly jump of 6.50% and a quarterly performance of 54.50%, while its annual performance rate touched 109.88%. The volatility ratio for the week stands at 8.74% while the volatility levels for the past 30 days are set at 5.82% for Forterra, Inc.. The simple moving average for the period of the last 20 days is -0.68% for FRTA stocks with a simple moving average of 29.01% for the last 200 days.
Analysts’ Opinion of FRTA
Many brokerage firms have already submitted their reports for FRTA stocks, with SunTrust repeating the rating for FRTA by listing it as a “Buy.” The predicted price for FRTA in the upcoming period, according to SunTrust is $19 based on the research report published on July 1st of the current year 2020.
Goldman, on the other hand, stated in their research note that they expect to see FRTA reach a price target of $14.75. The rating they have provided for FRTA stocks is “Neutral” according to the report published on February 13th, 2020.
SunTrust gave a rating of “ Buy” to FRTA, setting the target price at $14.75 in the report published on January 14th of the current year.
FRTA Trading at 3.00% from the 50-Day Moving Average
After a stumble in the market that brought FRTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.57% of loss for the given period.
Volatility was left at 5.82%, however, over the last 30 days, the volatility rate increased by 8.74%, as shares sank -0.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.68% upper at present.
During the last 5 trading sessions, FRTA rose by +2.26%, which changed the moving average for the period of 200-days by +28.13% in comparison to the 20-day moving average, which settled at $14.23. In addition, Forterra, Inc. saw 35.99% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FRTA starting from Sarrazin Jacques, who sold 10,000 shares at the price of $14.35 back on Aug 07. After this action, Sarrazin Jacques now owns 16,339 shares of Forterra, Inc., valued at $143,500 using the latest closing price.
Stock Fundamentals for FRTA
Current profitability levels for the company are sitting at:
- +4.89 for the present operating margin
- +16.28 for the gross margin
The net margin for Forterra, Inc. stands at -0.48. The total capital return value is set at 5.19, while invested capital returns managed to touch -0.52. Equity return is now at value 23.00, with 1.50 for asset returns.
Based on Forterra, Inc. (FRTA), the company’s capital structure generated 1,087.41 points at debt to equity in total, while total debt to capital is 91.58. Total debt to assets is 72.41, with long-term debt to equity ratio resting at 0.84. Finally, the long-term debt to capital ratio is 1,056.13.
When we switch over and look at the enterprise to sales, we see a ratio of 1.32, with the company’s debt to enterprise value settled at 0.65. The receivables turnover for the company is 7.57 and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.