In the past week, FTRE stock has gone down by -2.63%, with a monthly decline of -19.40% and a quarterly plunge of -5.17%. The volatility ratio for the week is 6.10%, and the volatility levels for the last 30 days are 6.19% for Fortrea Holdings Inc The simple moving average for the last 20 days is -5.08% for FTRE stock, with a simple moving average of -26.46% for the last 200 days.
Is It Worth Investing in Fortrea Holdings Inc (NASDAQ: FTRE) Right Now?
The stock has a 36-month beta value of 1.21. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for FTRE is 89.28M, and at present, short sellers hold a 5.92% of that float. On January 10, 2025, the average trading volume of FTRE was 1.21M shares.
FTRE) stock’s latest price update
Fortrea Holdings Inc (NASDAQ: FTRE)’s stock price has plunge by -1.36relation to previous closing price of 18.41. Nevertheless, the company has seen a -2.63% plunge in its stock price over the last five trading sessions. accesswire.com reported 2025-01-10 that NEW YORK, NY / ACCESSWIRE / January 10, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Fortrea Holdings Inc. (“Fortrea” or the “Company”) (NASDAQ:FTRE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
Analysts’ Opinion of FTRE
Many brokerage firms have already submitted their reports for FTRE stocks, with Citigroup repeating the rating for FTRE by listing it as a “Neutral.” The predicted price for FTRE in the upcoming period, according to Citigroup is $23 based on the research report published on December 11, 2024 of the previous year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see FTRE reach a price target of $25, previously predicting the price at $28. The rating they have provided for FTRE stocks is “Neutral” according to the report published on December 06th, 2024.
Jefferies gave a rating of “Hold” to FTRE, setting the target price at $21 in the report published on September 25th of the previous year.
FTRE Trading at -7.95% from the 50-Day Moving Average
After a stumble in the market that brought FTRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.73% of loss for the given period.
Volatility was left at 6.19%, however, over the last 30 days, the volatility rate increased by 6.10%, as shares sank -13.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.26% upper at present.
During the last 5 trading sessions, FTRE fell by -2.44%, which changed the moving average for the period of 200-days by -52.73% in comparison to the 20-day moving average, which settled at $19.13. In addition, Fortrea Holdings Inc saw -2.63% 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 FTRE starting from Hanson James S., who purchase 2,000 shares at the price of $25.30 back on Jun 12 ’24. After this action, Hanson James S. now owns 7,475 shares of Fortrea Holdings Inc, valued at $50,600 using the latest closing price.
Pike Thomas, the Chief Executive Officer of Fortrea Holdings Inc, purchase 10,000 shares at $24.81 during a trade that took place back on May 29 ’24, which means that Pike Thomas is holding 57,827 shares at $248,066 based on the most recent closing price.
Stock Fundamentals for FTRE
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.18 for the gross margin
The net margin for Fortrea Holdings Inc stands at -0.1. The total capital return value is set at -0.04. Equity return is now at value -14.56, with -5.85 for asset returns.
Based on Fortrea Holdings Inc (FTRE), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is -0.78.
Currently, EBITDA for the company is 167.3 million with net debt to EBITDA at -67.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 4.03for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
To sum up, Fortrea Holdings Inc (FTRE) 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.
