Forum Energy Technologies, Inc. (NYSE:FET) has a beta value of 4.16 and has seen 2,652,463 shares traded in the last trading session. The company, currently valued at $60.14 Million, closed the last trade at $0.54 per share which meant it lost $0 on the day or 2.58% during that session. The FET stock price is -561.11% off its 52-week high price of $3.57 and 72.22% above the 52-week low of $0.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.92 Million shares traded. The 3-month trading volume is 7.08 Million shares.
Forum Energy Technologies, Inc. (NYSE:FET) trade information
Sporting 2.58% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the FET stock price touched $0.6429 or saw a rise of 16.01%. Year-to-date, Forum Energy Technologies, Inc. shares have moved -67.86%, while the 5-day performance has seen it change -10.58%. Over the past 30 days, the shares of Forum Energy Technologies, Inc. (NYSE:FET) have changed 86.21%. Short interest in the company has seen 4.89 Million shares shorted with days to cover at 0.69.
Forum Energy Technologies, Inc. (FET) estimates and forecasts
Figures show that Forum Energy Technologies, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -66.25% over the past 6 months, with this year growth rate of 73.68%, compared to 1.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -275% and -1250% for the next quarter. Revenue growth from the last financial year stood is estimated to be -50.2%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -36.9% over the past 5 years. Earnings growth for 2020 is a modest -43.8% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Forum Energy Technologies, Inc. (NYSE:FET)’s Major holders
Insiders own 13.61% of the company shares, while shares held by institutions stand at 73.62% with a share float percentage of 85.22%. Investors are also buoyed by the number of investors in a company, with Forum Energy Technologies, Inc. having a total of 146 institutions that hold shares in the company. The top two institutional holders are SCF Partners, Inc. with over 17.78 Million shares worth more than $3.15 Million. As of March 30, 2020, SCF Partners, Inc. held 15.97% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 8.28 Million shares as of March 30, 2020. The firm’s total holdings are worth over $1.47 Million and represent 7.43% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Wells Fargo Special Small Cap Value Fd and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 3.07% shares in the company for having 3414891 shares of worth $605.46 Thousand while later fund manager owns 2.02 Million shares of worth $358.32 Thousand as of March 30, 2020, which makes it owner of about 1.81% of company’s outstanding stock.