The leading market experts have placed a mean price target of $18.86 on Forum Energy Technologies, Inc. (NYSE:FET) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $-0.17 a share for the upcoming quarter and $-0.78 for the current fiscal.
The technical analysis of Forum Energy Technologies, Inc. plainly substantiates that the 50-day moving average of Forum Energy Technologies, Inc. is $16.85, and stock is trading $1.08 points away or +6.41% from its 50-day moving average of $16.85. Further it is trading $2.60 or +16.94% away its 200-day moving average of $15.33. Forum Energy Technologies, Inc. (NYSE:FET) 52-week high is $19.32 and the 52-week low is $8.47.
This explains if the stock moves $-1.39, it will post a 52-week high. In event of +111.69% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Forum Energy Technologies, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Forum Energy Technologies, Inc. (NYSE:FET) ratio came in at N/A.
The stock last ended the trading session at $17.93 and registered a market cap of $1.63B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Forum Energy Technologies, Inc. (NYSE:FET) PEG ratio is at -2.14.
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