Forum Stock Probability of Future Stock Price Finishing Over 26.24

FET
 Stock
  

USD 26.24  0.82  3.23%   

Forum Energy's future price is the expected price of Forum Energy instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Forum Energy Technologies performance during a given time horizon utilizing its historical volatility. Forum Energy Price to Book Value is comparatively stable at the moment as compared to the past year. Forum Energy reported Price to Book Value of 0.28 in 2021. Price to Sales Ratio is likely to gain to 0.17 in 2022, whereas Price to Earnings Ratio are likely to drop (1.18)  in 2022.
  
Please check Forum Energy Backtesting, Forum Energy Valuation, Forum Energy Correlation, Forum Energy Hype Analysis, Forum Energy Volatility, Forum Energy History as well as Forum Energy Performance. Please specify Forum Energy time horizon, a valid symbol (red box) and a target price (blue box) you would like Forum Energy odds to be computed.

Forum Energy Target Price Odds to finish over 26.24

The tendency of Forum Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 26.24 90 days 26.24 
roughly 2.69
Based on a normal probability distribution, the odds of Forum Energy to move above the current price in 90 days from now is roughly 2.69 (This Forum Energy Technologies probability density function shows the probability of Forum Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon Forum Energy has a beta of 0.87. This usually indicates Forum Energy Technologies market returns are related to returns on the market. As the market goes up or down, Forum Energy is expected to follow. Additionally The company has an alpha of 0.4476, implying that it can generate a 0.45 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Forum Energy Price Density   
       Price  

Predictive Modules for Forum Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Forum Energy Technologies. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Forum Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Forum Energy in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
21.7725.7429.71
Details
Intrinsic
Valuation
LowReal ValueHigh
21.2625.2329.20
Details
Naive
Forecast
LowNext ValueHigh
23.4227.3931.37
Details
1 Analysts
Consensus
LowTarget PriceHigh
30.0030.0030.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Forum Energy. Your research has to be compared to or analyzed against Forum Energy's peers to derive any actionable benefits. When done correctly, Forum Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Forum Energy Technologies.

Forum Energy Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Forum Energy is not an exception. The market had few large corrections towards the Forum Energy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Forum Energy Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Forum Energy within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.45
β
Beta against DOW0.87
σ
Overall volatility
2.53
Ir
Information ratio 0.11

Forum Energy Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Forum Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Forum Energy Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Forum Energy appears to be risky and price may revert if volatility continues
The company reported the last year's revenue of 581.72 M. Reported Net Loss for the year was (62.19 M) with profit before taxes, overhead, and interest of 123.34 M.
Forum Energy Technologies has about 20.6 M in cash with (39.31 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.6.
Forum Energy has a frail financial position based on the latest SEC disclosures
Latest headline from www.benzinga.com: Nasdaq Turns Lower Crude Oil Rises Over 1 percent - Benzinga

Forum Energy Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Forum Stock often depends not only on the future outlook of the current and potential Forum Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Forum Energy's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out5.74%
Short Percent Of Float7.48%
Float Shares4.65M
Shares Short Prior Month319.77k
Average Daily Volume Last 10 Day48.66k
Average Daily Volume In Three Month31.07k
Date Short Interest15th of July 2022

Forum Energy Technical Analysis

Forum Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Forum Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Forum Energy Technologies. In general, you should focus on analyzing Forum Stock price patterns and their correlations with different microeconomic environments and drivers.

Forum Energy Predictive Forecast Models

Forum Energy time-series forecasting models is one of many Forum Energy's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Forum Energy's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Forum Energy Technologies

Checking the ongoing alerts about Forum Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Forum Energy Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Forum Energy Alerts

Forum Energy Alerts and Suggestions

Forum Energy appears to be risky and price may revert if volatility continues
The company reported the last year's revenue of 581.72 M. Reported Net Loss for the year was (62.19 M) with profit before taxes, overhead, and interest of 123.34 M.
Forum Energy Technologies has about 20.6 M in cash with (39.31 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.6.
Forum Energy has a frail financial position based on the latest SEC disclosures
Latest headline from www.benzinga.com: Nasdaq Turns Lower Crude Oil Rises Over 1 percent - Benzinga
Please check Forum Energy Backtesting, Forum Energy Valuation, Forum Energy Correlation, Forum Energy Hype Analysis, Forum Energy Volatility, Forum Energy History as well as Forum Energy Performance. Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for Forum Stock analysis

When running Forum Energy Technologies price analysis, check to measure Forum Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Is Forum Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forum Energy. If investors know Forum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forum Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
145.4 M
Quarterly Revenue Growth YOY
0.25
Return On Assets
-0.0162
Return On Equity
-0.0929
The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forum Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Forum Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.