Let’s start up with the current stock price of Forum Energy Technologies Inc. (FET), which is $0.43 to be very precise. The Stock rose vividly during the last session to $0.43 after opening rate of $0.3627 while the lowest price it went was recorded $0.34 before closing at $0.48.
Recently in News on October 30, 2020, Forum Energy Technologies, Inc. Announces Reverse Stock Split. Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today that its Board of Directors has approved a 1-for-20 reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.01 per share, accompanied by a corresponding decrease in the Company’s authorized shares of common stock (the “Reverse Stock Split”), such that, following the consummation of the Reverse Stock Split, the number of authorized shares of common stock will be reduced from 296,000,000 to 14,800,000. The Company’s stockholders previously approved the Reverse Stock Split at the Annual Meeting of Stockholders on May 12, 2020. You can read further details here
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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 -65.32%
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 -78.61% during the 52-week period from high price, and 186.48% 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 $2.01.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2567504 for the day, which was evidently higher, 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 -74.40%, having the revenues showcasing -16.68% 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 49.16M, as it employees total of 2300 workers.
Specialists analysis on Forum Energy Technologies Inc. (FET)
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, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 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 0.5262, with a change in the price was noted -0.1339. In a similar fashion, Forum Energy Technologies Inc. posted a movement of -23.75% for the period of last 100 days, recording 2,592,711 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.
Trends and Technical analysis: Forum Energy Technologies Inc. (FET)
Raw Stochastic average of Forum Energy Technologies Inc. in the period of last 50 days is set at 28.13%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 28.13%. In the last 20 days, the company’s Stochastic %K was 17.65% and its Stochastic %D was recorded 12.80%.
Now, considering the stocks previous presentation, 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 -74.40%. Additionally, trading for the stock in the period of the last six months notably improved by 4.90%, alongside a downfall of -65.32% for the period of the last 12 months. The shares increased approximately by -16.15% in the 7-day charts and went up by -24.57% in the period of the last 30 days. Common stock shares were lifted by -16.68% during last recorded quarter.