In the past week, FOR stock has gone down by -8.55%, with a monthly decline of -4.48% and a quarterly plunge of -10.77%. The volatility ratio for the week is 3.98%, and the volatility levels for the last 30 days are 3.26% for Forestar Group Inc The simple moving average for the last 20 days is -5.16% for FOR stock, with a simple moving average of -5.43% for the last 200 days.
Is It Worth Investing in Forestar Group Inc (NYSE: FOR) Right Now?
Forestar Group Inc (NYSE: FOR) has a price-to-earnings ratio that is above its average at 7.59x. The stock has a 36-month beta value of 1.78. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for FOR is 18.90M, and at present, short sellers hold a 2.39% of that float. On July 18, 2024, the average trading volume of FOR was 195.36K shares.
FOR) stock’s latest price update
Forestar Group Inc (NYSE: FOR)’s stock price has plunge by -15.33relation to previous closing price of 36.00. Nevertheless, the company has seen a -8.55% plunge in its stock price over the last five trading sessions. fool.com reported 2024-07-18 that Forestar missed top- and bottom-line estimates in the quarter. The company is building its inventory of lots ahead of an eventual recovery in the homebuilding market.
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 -7.39% 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 -25.51% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 3.98%, as shares sank -2.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.33% lower at present.
During the last 5 trading sessions, FOR fell by -8.19%, which changed the moving average for the period of 200-days by +13.59% in comparison to the 20-day moving average, which settled at $32.10. In addition, Forestar Group Inc saw -7.83% 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 Ringler G.F. (Rick) III, who sale 2,000 shares at the price of $31.38 back on Jun 27 ’24. After this action, Ringler G.F. (Rick) III now owns 7,951 shares of Forestar Group Inc, valued at $62,756 using the latest closing price.
Oxley Anthony W, the Chief Executive Officer of Forestar Group Inc, purchase 3,210 shares at $31.15 during a trade that took place back on Apr 24 ’24, which means that Oxley Anthony W is holding 3,210 shares at $99,991 based on the most recent closing price.
Stock Fundamentals for FOR
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.23 for the gross margin
The net margin for Forestar Group Inc stands at 0.13. The total capital return value is set at 0.11. Equity return is now at value 14.88, with 8.20 for asset returns.
Based on Forestar Group Inc (FOR), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19.
Currently, EBITDA for the company is 204.8 million with net debt to EBITDA at 1.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 54.68for trailing twelve months and the total asset turnover is 0.6.
Conclusion
To sum up, Forestar Group Inc (FOR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
