Fortrea Holdings Inc (NASDAQ:FTRE) has a beta value of 2.08 and has seen 0.44 million shares traded in the recent trading session. The company, currently valued at $669.74M, closed the recent trade at $7.43 per share which meant it lost -$0.12 on the day or -1.66% during that session. The FTRE stock price is -446.84% off its 52-week high price of $40.63 and -0.27% below the 52-week low of $7.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.55 million shares traded. The 3-month trading volume is 1.76 million shares.
The consensus among analysts is that Fortrea Holdings Inc (FTRE) is Buy stock at the moment, with a recommendation rating of 2.92. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.
Fortrea Holdings Inc (NASDAQ:FTRE) trade information
Sporting -1.66% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FTRE stock price touched $7.43 or saw a rise of 14.7%. Year-to-date, Fortrea Holdings Inc shares have moved -60.19%, while the 5-day performance has seen it change -15.05%. Over the past 30 days, the shares of Fortrea Holdings Inc (NASDAQ:FTRE) have changed -28.47%. Short interest in the company has seen 7.87 million shares shorted with days to cover at 3.41.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 38.08% from the levels at last check today. The projected low price target is $12.0 while the price target rests at a high of $12.0. In that case, then, we find that the latest price level in today’s session is -61.51% off the targeted high while a plunge would see the stock gain -61.51% from the levels at last check today.
Fortrea Holdings Inc (FTRE) estimates and forecasts
The company’s shares have lost -62.58% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -7.45%.
9 analysts offering their estimates for the company have set an average revenue estimate of 610.91M for the current quarter. 9 have an estimated revenue figure of 615.05M for the next ending quarter. Year-ago sales stood 662.1M and 662.4M respectively for this quarter and the next, and analysts expect sales will shrink by -7.73% for the current quarter and -7.45% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.94% over the past 5 years. Earnings growth for 2025 is a modest 49.00% while over the next 5 years, the company’s earnings are expected to increase by 60.78%.
FTRE Dividends
Fortrea Holdings Inc is expected to release its next earnings report on 2025-Mar-02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Fortrea Holdings Inc (NASDAQ:FTRE)’s Major holders
Insiders own 0.31% of the company shares, while shares held by institutions stand at 105.37% with a share float percentage of 105.70%. Investors are also buoyed by the number of investors in a company, with Fortrea Holdings Inc having a total of 476.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 16.14 million shares worth more than $376.64 million. As of 2024-06-30, BLACKROCK INC. held 18.0505% of shares outstanding.
The other major institutional holder is STARBOARD VALUE LP, with the holding of over 8.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $186.72 million and represent 8.9485% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Trust-iShares Core S&P Small-Cap ETF and Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF. As of Feb 28, 2025, the former fund manager holds about 6.35% shares in the company for having 5.72 shares of worth $42.32 million while later fund manager owns 3.46 shares of worth $25.61 million as of Jan 31, 2025, which makes it owner of about 3.84% of company’s outstanding stock.
