L.B. Foster Co. (NASDAQ: FSTR)’s stock price has soared by 11.76 in relation to previous closing price of 24.31. Nevertheless, the company has seen a gain of 16.86% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-30 that PITTSBURGH, April 30, 2024 (GLOBE NEWSWIRE) — L.B. Foster Company (NASDAQ: FSTR, the “Company”), today announced that it will release its first quarter results, pre-market opening on Tuesday, May 7, 2024. L.B. Foster will host a conference call to discuss its operating results, market outlook, and developments in the business later that morning at 11:00 A.M. Eastern Time. A presentation will be available on the Company’s website under the Investor Relations page immediately after the Company’s earnings release.
Is It Worth Investing in L.B. Foster Co. (NASDAQ: FSTR) Right Now?
L.B. Foster Co. (NASDAQ: FSTR) has a higher price-to-earnings ratio of 205.52x compared to its average ratio, The 36-month beta value for FSTR is at 0.89. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FSTR is 10.24M, and currently, shorts hold a 0.90% of that float. The average trading volume for FSTR on May 08, 2024 was 42.71K shares.
FSTR’s Market Performance
The stock of L.B. Foster Co. (FSTR) has seen a 16.86% increase in the past week, with a -0.69% drop in the past month, and a 13.82% gain in the past quarter. The volatility ratio for the week is 4.71%, and the volatility levels for the past 30 days are at 3.63% for FSTR. The simple moving average for the past 20 days is 10.15% for FSTR’s stock, with a 29.49% simple moving average for the past 200 days.
Analysts’ Opinion of FSTR
Many brokerage firms have already submitted their reports for FSTR stocks, with B. Riley Securities repeating the rating for FSTR by listing it as a “Neutral.” The predicted price for FSTR in the upcoming period, according to B. Riley Securities is $14 based on the research report published on June 06, 2022 of the previous year 2022.
B. Riley FBR, on the other hand, stated in their research note that they expect to see FSTR reach a price target of $18. The rating they have provided for FSTR stocks is “Buy” according to the report published on June 09th, 2020.
B. Riley FBR gave a rating of “Buy” to FSTR, setting the target price at $25 in the report published on March 06th of the previous year.
FSTR Trading at 9.82% from the 50-Day Moving Average
After a stumble in the market that brought FSTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.72% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 4.71%, as shares surge +1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.11% upper at present.
During the last 5 trading sessions, FSTR rose by +16.86%, which changed the moving average for the period of 200-days by +95.05% in comparison to the 20-day moving average, which settled at $24.69. In addition, L.B. Foster Co. saw 23.56% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FSTR starting from English Aron R., who purchase 9,473 shares at the price of $11.20 back on May 18 ’23. After this action, English Aron R. now owns 1,313,121 shares of L.B. Foster Co., valued at $106,075 using the latest closing price.
Jones Alexander B, the See Explanation of Responses of L.B. Foster Co., purchase 200 shares at $11.82 during a trade that took place back on May 18 ’23, which means that Jones Alexander B is holding 1,275 shares at $2,365 based on the most recent closing price.
Stock Fundamentals for FSTR
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.21 for the gross margin
The net margin for L.B. Foster Co. stands at 0.01. The total capital return value is set at 0.05. Equity return is now at value 1.05, with 0.43 for asset returns.
Based on L.B. Foster Co. (FSTR), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 2.26.
Currently, EBITDA for the company is 26.29 million with net debt to EBITDA at 5.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 9.55for trailing twelve months and the total asset turnover is 1.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
In conclusion, L.B. Foster Co. (FSTR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
