Forestar Group Inc (NYSE: FOR) has a higher price-to-earnings ratio of 8.55x compared to its average ratio. FOR has 36-month beta value of 1.73. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for FOR is 18.21M, and currently, short sellers hold a 2.63% ratio of that float. The average trading volume of FOR on April 18, 2024 was 225.80K shares.
FOR) stock’s latest price update
Forestar Group Inc (NYSE: FOR) has experienced a decline in its stock price by -8.28 compared to its previous closing price of 34.16. However, the company has seen a fall of -17.46% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-18 that Forestar Group (FOR) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.54 per share a year ago.
FOR’s Market Performance
FOR’s stock has fallen by -17.46% in the past week, with a monthly drop of -12.94% and a quarterly drop of -6.92%. The volatility ratio for the week is 3.57% while the volatility levels for the last 30 days are 3.55% for Forestar Group Inc The simple moving average for the past 20 days is -17.69% for FOR’s stock, with a 2.21% simple moving average for the past 200 days.
Analysts’ Opinion of FOR
Many brokerage firms have already submitted their reports for FOR stocks, with BTIG Research repeating the rating for FOR by listing it as a “Buy.” The predicted price for FOR in the upcoming period, according to BTIG Research is $32 based on the research report published on July 21, 2023 of the previous year 2023.
Wells Fargo gave a rating of “Overweight” to FOR, setting the target price at $32 in the report published on April 16th of the previous year.
FOR Trading at -11.94% from the 50-Day Moving Average
After a stumble in the market that brought FOR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.43% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 3.57%, as shares sank -15.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.15% upper at present.
During the last 5 trading sessions, FOR fell by -16.90%, which changed the moving average for the period of 200-days by +38.23% in comparison to the 20-day moving average, which settled at $37.79. In addition, Forestar Group Inc saw -5.26% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FOR starting from BARTOK DANIEL C, who sale 1,000 shares at the price of $34.23 back on Dec 27 ’23. After this action, BARTOK DANIEL C now owns 20,000 shares of Forestar Group Inc, valued at $34,225 using the latest closing price.
BARTOK DANIEL C, the Chief Executive Officer of Forestar Group Inc, sale 949 shares at $34.75 during a trade that took place back on Dec 20 ’23, which means that BARTOK DANIEL C is holding 21,000 shares at $32,978 based on the most recent closing price.
Stock Fundamentals for FOR
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.22 for the gross margin
The net margin for Forestar Group Inc stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 14.03, with 7.56 for asset returns.
Based on Forestar Group Inc (FOR), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36.
Currently, EBITDA for the company is 204.8 million with net debt to EBITDA at 1.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 53.73for trailing twelve months and the total asset turnover is 0.6.
Conclusion
To put it simply, Forestar Group Inc (FOR) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
