In last trading session, Fortrea Holdings Inc (NASDAQ:FTRE) saw 2.61 million shares changing hands with its beta currently measuring 1.66. Company’s recent per share price level of $9.92 trading at -$0.13 or -1.29% at ring of the bell on the day assigns it a market valuation of $894.78M. That closing price of FTRE’s stock is at a discount of -313.51% from its 52-week high price of $41.02 and is indicating a premium of 3.73% from its 52-week low price of $9.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.37 million shares which gives us an average trading volume of 1.42 million if we extend that period to 3-months.
For Fortrea Holdings Inc (FTRE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.92. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.03 in the current quarter.
Fortrea Holdings Inc (NASDAQ:FTRE) trade information
Upright in the red during last session for losing -1.29%, in the last five days FTRE remained trading in the red while hitting it’s week-highest on Friday, 03/07/25 when the stock touched $9.92 price level, adding 10.79% to its value on the day. Fortrea Holdings Inc’s shares saw a change of -46.81% in year-to-date performance and have moved -8.91% in past 5-day. Fortrea Holdings Inc (NASDAQ:FTRE) showed a performance of -34.17% in past 30-days. Number of shares sold short was 6.89 million shares which calculate 5.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 12 to the stock, which implies a rise of 17.33% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would drop -20.97% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.97% for stock’s current value.
Fortrea Holdings Inc (FTRE) estimates and forecasts
This year revenue growth is estimated to fall -6.69% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 616.22M for the same. And 9 analysts are in estimates of company making revenue of 619.48M in the next quarter. Company posted 662.1M and 662.4M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.94% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 71.86% while estimates for its earnings growth in next 5 years are of 70.83%.
Fortrea Holdings Inc (NASDAQ:FTRE)’s Major holders
Insiders are in possession of 0.29% of company’s total shares while institution are holding 105.58 percent of that, with stock having share float percentage of 105.89%. Investors also watch the number of corporate investors in a company very closely, which is 105.58% institutions for Fortrea Holdings Inc that are currently holding shares of the company. STARBOARD VALUE LP is the top institutional holder at FTRE for having 8.0 million shares of worth $186.72 million. And as of 2024-06-30, it was holding 8.9485 of the company’s outstanding shares.
The second largest institutional holder is SESSA CAPITAL IM, L.P., which was holding about 6.75 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.5503 of outstanding shares, having a total worth of $157.54 million.
