In the latest trading session,, 0.44 million Fortrea Holdings Inc (NASDAQ:FTRE) shares changed hands as the company’s beta touched 1.90. With the company’s most recent per share price at $5.53 changed hands at -$0.17 or -3.05% at last look, the market valuation stands at $498.47M. FTRE’s current price is a discount, trading about -633.63% off its 52-week high of $40.57. The share price had its 52-week low at $5.62, which suggests the last value was -1.63% down since then. When we look at Fortrea Holdings Inc’s average trading volume, we note the 10-day average is 2.93 million shares, with the 3-month average coming to 2.02 million.
Analysts gave the Fortrea Holdings Inc (FTRE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. 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 -0.05.
Fortrea Holdings Inc (NASDAQ:FTRE) trade information
Instantly FTRE was in red as seen in intraday trades today. With action -26.41%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -70.37%, with the 5-day performance at -26.41% in the red. However, in the 30-day time frame, Fortrea Holdings Inc (NASDAQ:FTRE) is -45.01% down. Looking at the short shares, we see there were 7.87 million shares sold at short interest cover period of 3.41 days.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 53.92% from its recent market value. According to analyst projections, FTRE’s forecast low is 12 with 12 as the target high. To hit the forecast high, the stock’s price needs a -117.0% plunge from its current level, while the stock would need to soar -117.0% for it to hit the projected low.
Fortrea Holdings Inc (FTRE) estimates and forecasts
Year-over-year growth is forecast to reach -7.43% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 610.91M. 9 analysts are of the opinion that Fortrea Holdings Inc’s revenue for the current quarter will be 615.27M. The company’s revenue for the corresponding quarters a year ago was 662.1M and 662.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.73%. The estimates for the next quarter sales put growth at -7.11%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.94%. The 2025 estimates are for Fortrea Holdings Inc earnings to increase by 41.44%, but the outlook for the next 5-year period is at 56.39% per year.
Fortrea Holdings Inc (NASDAQ:FTRE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.31% of Fortrea Holdings Inc shares while 105.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.70%. There are 105.38% institutions holding the Fortrea Holdings Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 18.0505% of the shares, roughly 16.14 million FTRE shares worth $376.64 million.
STARBOARD VALUE LP holds the second largest percentage of outstanding shares, with 8.9485% or 8.0 million shares worth $186.72 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were iShares Trust-iShares Core S&P Small-Cap ETF and Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF . With 5.72 shares estimated at $31.51 million under it, the former controlled 6.35% of total outstanding shares. On the other hand, Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF held about 3.84% of the shares, roughly 3.46 shares worth around $19.07 million.
