Forum Energy Technologies Inc. (FET): Right on the Precipice

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Forum Energy Technologies Inc. kicked off the trading day on 10/10/19 with a price increase of 1.49%, equivalent to $0.02 relative change for the day. Taking a more long-term approach, FET had a 52-week range of $1.26 to $11.28. At the time of this article’s publishing, this stock is trading at $1.36 after starting the trading session at $1.36. At the time of writing, this stock’s 50-day Moving Average stands at $1.66, while the 200-day Moving Average of this stock is currently $3.97.

Currently, this company’s share volume is sitting at $1140660, but has maintained average daily volume of $1.30M. This stock has generated an average Year to Date volume of $1.19 million, alongside an average 20-day volume of $1.13 million. This publicly-traded company’s shares outstanding now amounts to $113.53 million, simultaneously with a float of $75.95 million. The organization now has a market capitalization sitting at $154.40 million.

Forum Energy Technologies Inc.(FET) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. Forum Energy Technologies Inc.’s current insider ownership accounts for 2.10%, in contrast to 88.90% institutional ownership. According to the most recent latest insider trade that took place on Sep 04 this organization’s CEO & COB bought 10,000 at the rate of 1.45, making the entire transaction hit 14,500 in total value, affecting insider ownership by 1,837,333. Preceding that transaction, on Sep 03 Company’s CEO & COB bought 20,000 at a price of 1.35, making the whole transaction’s value amount to 27,000. This particular insider is now the holder of 1,827,333 in total.

If we take a glance at the Ownership summary of Forum Energy Technologies Inc.’s stock, Institutional holders make up 88.90% of its total stock ownership. All together, they are the legal holders of 113.53M shares. If we focus on the top 3 stockholders for this publicly-traded organization, L.E. Simmons & Associates, Inc. owns 17,780,755 shares, with Dimensional Fund Advisors LP in 2nd place owning 6,273,030 shares and The Vanguard Group, Inc. in third place with total ownership of 6,269,711 shares.

Forum Energy Technologies Inc. (FET) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on 6/29/2019, the organization reported -$0.08 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at -$0.05) by -$0.03.

This company achieved a net margin of -38.62 while generating a return on equity of -34.49. Forum Energy Technologies Inc.’s full-quarter revenue decreased by -6.72%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.

Forum Energy Technologies Inc.’s EPS decrease for this current 12-month fiscal period is -617.20%, and is forecasted to reach -0.09 in the upcoming year.

Additional Trading Performance Indicators

Now turning our attention to the current performance indicators for Forum Energy Technologies Inc., this organization’s Quick Ratio in the last reported quarter now stands at 1.20. The company has managed to achieve an average true range (ATR) of 0.13. Alongside those, its Beta score is 2.48.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.15 for this organization. Similarly, its price to free cash flow for trailing twelve months is now 3.11. Plus, this company’s price to book ratio for the last three-month fiscal period reported is 0.15, whereas its price to cash per share for the last quarter landed at 0.33.

In the same vein, FET’s Diluted EPS (Earnings per Share) trailing twelve months was posted at -3.74, a figure that is expected to reach -0.05 in the next reported quarter, and analysts expect it will be -0.09 at the market close of one year from today’s date.