Time to Buy Beat-Down Forum Energy Technologies Inc. (FET) Stock? Here is the INSIGHT

At the end of the latest market close, Forum Energy Technologies Inc. (FET) was valued at $0.50. In that particular session, Stock kicked-off at the price of $0.515 while reaching the peak value of $0.57 and lowest value recorded on the day was $0.4846. The stock current value is $0.54.

Recently in News on August 6, 2020, Forum Energy Technologies Announces Second Quarter 2020 Results. Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020. Net loss for the quarter was $5 million, or $0.05 per diluted share, compared to a net loss of $37 million, or $0.33 per diluted share, for the first quarter 2020. Excluding $27 million, or $0.24 per share of special items, adjusted net loss was $0.29 per diluted share in the second quarter 2020, compared to an adjusted net loss of $0.20 per diluted share in the first quarter 2020. Adjusted EBITDA was $(11.6) million in the second quarter 2020, a decrease of approximately $16.1 million from the first quarter 2020. You can read further details here

Forum Energy Technologies Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.0100 on 01/07/20, with the lowest value was $0.1501 for the same time period, recorded on 03/23/20.

Forum Energy Technologies Inc. (FET) full year performance was -74.01%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Forum Energy Technologies Inc. shares are logging -75.64% during the 52-week period from high price, and 261.89% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.15 and $2.23.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2318169 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Forum Energy Technologies Inc. (FET) recorded performance in the market was -67.67%, having the revenues showcasing -22.63% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 61.27M, as it employees total of 2300 workers.

Forum Energy Technologies Inc. (FET) in the eye of market guru’s

During the last month, 0 analysts gave the Forum Energy Technologies Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.4795, with a change in the price was noted +0.1909. In a similar fashion, Forum Energy Technologies Inc. posted a movement of +54.19% for the period of last 100 days, recording 4,801,181 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FET is recording 0.94 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.94.

Forum Energy Technologies Inc. (FET): Stocks Technical analysis and Trends

Raw Stochastic average of Forum Energy Technologies Inc. in the period of last 50 days is set at 56.77%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 45.77%. In the last 20 days, the company’s Stochastic %K was 29.32% and its Stochastic %D was recorded 26.24%.

If we look into the earlier routines of Forum Energy Technologies Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -67.67%. Additionally, trading for the stock in the period of the last six months notably improved by 101.19%, alongside a downfall of -74.01% for the period of the last 12 months. The shares increased approximately by 7.56% in the 7-day charts and went up by 6.93% in the period of the last 30 days. Common stock shares were lifted by -22.63% during last recorded quarter.