Fortrea Holdings Inc (NASDAQ:FTRE)’s traded shares stood at 1.59 million during the last session, with the company’s beta value hitting 0.94. At the close of trading, the stock’s price was $19.34, to imply a decrease of -4.26% or -$0.86 in intraday trading. The FTRE share’s 52-week high remains $41.02, putting it -112.1% down since that peak but still an impressive 14.53% since price per share fell to its 52-week low of $16.53. The company has a valuation of $1.73B, with an average of 1.93 million shares in intraday trading volume over the past 10 days and average of 1.52 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Fortrea Holdings Inc (FTRE), translating to a mean rating of 2.62. Of 7 analyst(s) looking at the stock, 0 analyst(s) give FTRE a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.38.
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Fortrea Holdings Inc (NASDAQ:FTRE) trade information
After registering a -4.26% downside in the last session, Fortrea Holdings Inc (FTRE) has traded red over the past five days. The 5-day price performance for the stock is -17.70%, and -0.31% over 30 days. With these gigs, the year-to-date price performance is -44.58%. Short interest in Fortrea Holdings Inc (NASDAQ:FTRE) saw shorts transact 7.22 million shares and set a 6.32 days time to cover.
The extremes give us $22 and $36.5 for target low and target high price respectively. As such, FTRE has been trading -88.73% off suggested target high and -13.75% from its likely low.
Fortrea Holdings Inc (FTRE) estimates and forecasts
Looking at statistics comparing Fortrea Holdings Inc share performance against respective industry, we note that the company has underperformed competitors. Fortrea Holdings Inc (FTRE) shares are -29.80% down over the last 6 months, with its year-to-date growth rate lower than industry average at -59.29% against 17.70%. Revenue is forecast to grow 98.92% this quarter before jumping 586.82% for the next one. The rating firms project that company’s revenue will shrink -13.05% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 702.88M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 662.91M.Earnings reports from the last fiscal year show that sales brought in 775.4M and 662.1M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.35% before jumping 0.12% in the following quarter.
FTRE Dividends
Fortrea Holdings Inc has its next earnings report out on 2025-Mar-10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Fortrea Holdings Inc (NASDAQ:FTRE)’s Major holders
Fortrea Holdings Inc insiders hold 0.28% of total outstanding shares, with institutional holders owning 111.65% of the shares at 111.96% float percentage. In total, 111.65% institutions holds shares in the company.
