In the last trading session, 1.32 million Fortrea Holdings Inc (NASDAQ:FTRE) shares changed hands as the company’s beta touched 1.19. With the company’s per share price at $15.80 changed hands at $0.13 or 0.83% during last session, the market valuation stood at $1.42B. FTRE’s last price was a discount, traded about -159.62% off its 52-week high of $41.02. The share price had its 52-week low at $15.53, which suggests the last value was 1.71% up since then. When we look at Fortrea Holdings Inc’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 1.26 million.
Analysts gave the Fortrea Holdings Inc (FTRE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.92. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended FTRE as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Fortrea Holdings Inc’s EPS for the current quarter is expected to be 0.37.
Fortrea Holdings Inc (NASDAQ:FTRE) trade information
Instantly FTRE was in green as seen at the end of in last trading. With action -7.87%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.28%, with the 5-day performance at -7.87% in the red. However, in the 30-day time frame, Fortrea Holdings Inc (NASDAQ:FTRE) is -15.28% down. Looking at the short shares, we see there were 5.92 million shares sold at short interest cover period of 5.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23.5, meaning bulls need an upside of 32.77% from its current market value. According to analyst projections, FTRE’s forecast low is 22 with 25 as the target high. To hit the forecast high, the stock’s price needs a -58.23% plunge from its current level, while the stock would need to soar -39.24% for it to hit the projected low.
Fortrea Holdings Inc (FTRE) estimates and forecasts
Data shows that the Fortrea Holdings Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -40.33% over the past 6 months, a -63.57% in annual growth rate that is considerably lower than the industry average of 15.90%. Year-over-year growth is forecast to reach -13.07% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 703.22M. 8 analysts are of the opinion that Fortrea Holdings Inc’s revenue for the current quarter will be 661.39M. The company’s revenue for the corresponding quarters a year ago was 775.4M and 662.1M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.31%. The estimates for the next quarter sales put growth at -0.11%.
The 2025 estimates are for Fortrea Holdings Inc earnings to decrease by -63.38%, but the outlook for the next 5-year period is at 7.16% per year.
FTRE Dividends
Fortrea Holdings Inc is expected to release its next quarterly earnings report in March.
Fortrea Holdings Inc (NASDAQ:FTRE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.28% of Fortrea Holdings Inc shares while 109.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 109.70%.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF. With 5.78 shares estimated at $91.4 million under it, the former controlled 6.45% of total outstanding shares. On the other hand, Pacer Small Cap U.S. Cash Cows 100 ETF held about 4.10% of the shares, roughly 3.67 shares worth around $58.06 million.
