In the last trading session, 0.56 million shares of the Fortrea Holdings Inc (NASDAQ:FTRE) were traded, and its beta was 1.53. Most recently the company’s share price was $10.64, and it changed around $0.26 or 2.50% from the last close, which brings the market valuation of the company to $954.41M. FTRE currently trades at a discount to its 52-week high of $41.02, offering almost -285.53% off that amount. The share price’s 52-week low was $9.55, which indicates that the current value has risen by an impressive 10.24% since then.
Fortrea Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 10 recommended FTRE as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Fortrea Holdings Inc is expected to report earnings per share of 0.08 for the current quarter.
Fortrea Holdings Inc (NASDAQ:FTRE) trade information
Instantly FTRE has showed a green trend with a performance of 2.50% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 15.32 on recent trading dayincreased the stock’s daily price by 30.55%. The company’s shares are currently down -42.95% year-to-date, but still down -27.67% over the last five days. On the other hand, Fortrea Holdings Inc (NASDAQ:FTRE) is -36.70% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 57.44% from its current value. Analyst projections state that FTRE is forecast to be at a low of $25 and a high of $25.
Fortrea Holdings Inc (FTRE) estimates and forecasts
The year-over-year growth rate is expected to be -5.94%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 620.88M in revenue for the current quarter. 9 analysts expect Fortrea Holdings Inc to make 625.07M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 662.1M and 662.4M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.23%. Forecasts for the next quarter put sales growth at -5.64%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.46%. Fortrea Holdings Inc earnings are expected to increase by 98.28% in 2025, but the outlook is positive 75.77% per year for the next five years.
Fortrea Holdings Inc (NASDAQ:FTRE)’s Major holders
HBK INVESTMENTS L P, with 0.58% or 0.52 million shares worth $12.1 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 5.81 shares worth $61.57 million, making up 6.47% of all outstanding shares. On the other hand, Pacer Small Cap U.S. Cash Cows 100 ETF held roughly 3.67 shares worth around $38.97 million, which represents about 4.10% of the total shares outstanding.
