In the last trading session, 1.34 million shares of the Fortrea Holdings Inc (NASDAQ:FTRE) were traded, and its beta was 0.58. Most recently the company’s share price was $22.83, and it changed around $0.35 or 1.56% from the last close, which brings the market valuation of the company to $2.05B. FTRE currently trades at a discount to its 52-week high of $41.02, offering almost -79.68% off that amount. The share price’s 52-week low was $18.07, which indicates that the current value has risen by an impressive 20.85% since then. We note from Fortrea Holdings Inc’s average daily trading volume that its 10-day average is 1.33 million shares, with the 3-month average coming to 1.47 million.

Fortrea Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.46. If we narrow it down even further, the data shows that 1 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 5 recommended FTRE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Fortrea Holdings Inc is expected to report earnings per share of 0.26 for the current quarter.

Fortrea Holdings Inc (NASDAQ:FTRE) trade information

Instantly FTRE has showed a green trend with a performance of 1.56% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 22.89 on recent trading dayincreased the stock’s daily price by 0.26%. The company’s shares are currently down -34.58% year-to-date, but still up 1.87% over the last five days. On the other hand, Fortrea Holdings Inc (NASDAQ:FTRE) is -16.34% down in the 30-day period. We can see from the shorts that 8.15 million shares have been sold at a short interest cover period of 6.61 day(s).

The consensus price target as assigned by Wall Street analysts is $28, which translates to bulls needing to increase their stock price by 18.46% from its current value. Analyst projections state that FTRE is forecast to be at a low of $22 and a high of $36.5.

Fortrea Holdings Inc (FTRE) estimates and forecasts

Fortrea Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -38.92 percent over the past six months and at a -57.14% annual growth rate that is well below the industry average of 18.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 8.30% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be -12.80%, down from the previous year.

Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 682.55M in revenue for the current quarter. 10 analysts expect Fortrea Holdings Inc to make 701.69M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 776.4M and 775.4M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.10%. Forecasts for the next quarter put sales growth at -9.50%.

Fortrea Holdings Inc earnings are expected to increase by -59.78% in 2024, but the outlook is negative -8.80% per year for the next five years.

FTRE Dividends

Fortrea Holdings Inc’s next quarterly earnings report is expected to be released in September.

Fortrea Holdings Inc (NASDAQ:FTRE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.28% of Fortrea Holdings Inc shares, and 115.91% of them are in the hands of institutional investors. The stock currently has a share float of 116.24%.