Forum Stock Buy Hold or Sell Recommendation

FET
 Stock
  

USD 19.31  0.31  1.58%   

Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Forum Energy Technologies is 'Cautious Hold'. Macroaxis provides Forum Energy buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding FET positions. The advice algorithm takes into account all of Forum Energy's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from Forum Energy's buy-and-hold perspective. Please check Forum Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Forum and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Forum Energy Technologies.

Execute Forum Energy Buy or Sell Advice

The Forum recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Forum Energy Technologies. Macroaxis does not own or have any residual interests in Forum Energy Technologies or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Forum Energy's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Forum EnergyBuy Forum Energy
Cautious Hold

Volatility

Not too volatileDetails

Hype Condition

Low keyDetails

Current Valuation

UndervaluedDetails

Odds of Distress

Above AverageDetails

Economic Sensitivity

Responds to the marketDetails

Analyst Consensus

HoldDetails

Financial Strenth (F Score)

FrailDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails
For the selected time horizon Forum Energy Technologies has a Mean Deviation of 2.67, Standard Deviation of 3.54 and Variance of 12.55
Our trade advice tool can cross-verify current analyst consensus on Forum Energy Technologies and to analyze the company potential to grow in the current economic cycle. To make sure Forum Energy is not overpriced, please confirm all Forum Energy Technologies fundamentals, including its revenue, cash flow from operations, current asset, as well as the relationship between the cash per share and beta . Given that Forum Energy Technologies has a number of shares shorted of 353.29 K, we urge you to verify Forum Energy Technologies market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Forum Energy Trading Alerts and Improvement Suggestions

Forum Energy generated a negative expected return over the last 90 days
Forum Energy has high historical volatility and very poor performance
Forum Energy has high likelihood to experience some financial distress in the next 2 years
The company reported the last year's revenue of 541.07 M. Reported Net Loss for the year was (82.65 M) with profit before taxes, overhead, and interest of 123.34 M.
Forum Energy Technologies has about 46.86 M in cash with (15.78 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.29.
Forum Energy has a frail financial position based on the latest SEC disclosures
Latest headline from www.investors.com: Forum Energy exotic insider transaction detected

Forum Energy current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Forum analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Forum analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Recommendation Mean3.00
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Forum Energy Returns Distribution Density

The distribution of Forum Energy's historical returns is an attempt to chart the future uncertainty of Forum Energy's future price movements. The chart of the probability distribution of Forum Energy stock daily returns describes the distribution of returns around its average expected value. We use Forum Energy Technologies price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Forum Energy returns is essential to provide solid investment advice for Forum Energy stock.
Mean Return-0.2Value At Risk-6.44
Potential Upside6.25Standard Deviation3.54
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Forum Energy historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Forum Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Forum Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Forum Energy Technologies backward and forwards among themselves. Forum Energy's institutional investor refers to the entity that pools money to purchase Forum Energy's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Mackay Shields LlcDebt67.9 M67.8 M
Scf Partners IncCommon Shares666.8 K15.3 M
Allspring Global Investments Holdings LlcCommon Shares217.5 KM
Monaco Asset Management SamCommon Shares203.9 K4.7 M
Vanguard Group IncCommon Shares154.5 K3.5 M
Dimensional Fund Advisors LpCommon Shares150.8 K3.5 M
Blackrock IncCommon Shares87.7 KM
Wells Fargo CompanyCommon Shares76.6 K1.8 M
Note, although Forum Energy's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Forum Energy Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(26.71 M)(24.04 M)(14.62 M)3.05 M4.61 M4.97 M
Depreciation Amortization and Accretion65.13 M74.51 M63.24 M51 M42.18 M55.97 M
Net Cash Flow or Change in Cash and Cash Equivalents(119.21 M)(67.97 M)10.67 M70.71 M(81.76 M)(83.91 M)
Net Cash Flow Business Acquisitions and Disposals(161.26 M)(51.36 M)42.75 M105.2 M(4.69 M)(5.06 M)
Issuance Purchase of Equity Shares(3.25 M)(2.53 M)(1.09 M)(195 K)(1.41 M)(1.45 M)
Issuance Repayment of Debt Securities106.24 M9.05 M(121.1 M)(31.82 M)(73.24 M)(75.17 M)
Net Cash Flow from Financing100.56 M6.52 M(122.19 M)(41.77 M)(76.24 M)(78.25 M)
Net Cash Flow from Investing(187.97 M)(75.41 M)28.14 M108.25 M10.7 M11.54 M
Net Cash Flow from Operations(40.03 M)2.41 M104.14 M3.88 M(15.78 M)(16.19 M)
Effect of Exchange Rate Changes on Cash8.23 M(1.5 M)582 K338 K(439 K)(473.66 K)
Share Based Compensation20.31 M19.93 M15.85 M9.78 M7.59 M7.79 M

Forum Energy Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Forum Energy or Energy sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Forum Energy stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Forum stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.02021
β
Beta against DOW1.21
σ
Overall volatility
3.58
Ir
Information ratio -0.0059

Forum Energy Volatility Alert

Forum Energy Technologies exhibits very low volatility with skewness of -0.03 and kurtosis of 0.03. However, we advise investors to further study Forum Energy Technologies technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Forum Energy's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Forum Energy's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Forum Energy Implied Volatility

Forum Energy's implied volatility exposes the market's sentiment of Forum Energy Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Forum Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Forum Energy stock will not fluctuate a lot when Forum Energy's options are near their expiration.

Forum Energy Fundamentals Vs Peers

Comparing Forum Energy's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Forum Energy's direct or indirect competition across all of the common fundamentals between Forum Energy and the related equities. This way, we can detect undervalued stocks with similar characteristics as Forum Energy or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Forum Energy's fundamental indicators could also be used in its relative valuation, which is a method of valuing Forum Energy by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Forum Energy to competition
FundamentalsForum EnergyPeer Average
Return On Equity(22.48) %(0.31) %
Return On Asset(3.39) %(0.14) %
Profit Margin(15.28) %(1.27) %
Operating Margin(8.42) %(5.51) %
Current Valuation351.52 M16.62 B
Shares Outstanding5.68 M571.82 M
Shares Owned by Insiders9.90 %10.09 %
Shares Owned by Institutions38.79 %39.21 %
Number of Shares Shorted353.29 K4.71 M
Price to Earning9.35 X28.72 X
Price to Book0.34 X9.51 X
Price to Sales0.22 X11.42 X
Revenue541.07 M9.43 B
Gross Profit123.34 M27.38 B
EBITDA(3.37 M)3.9 B
Net Income(82.65 M)570.98 M
Cash and Equivalents46.86 M2.7 B
Cash per Share8.29 X5.01 X
Total Debt278.93 M5.32 B
Debt to Equity0.85 %48.70 %
Current Ratio2.54 X2.16 X
Book Value Per Share60.97 X1.93 K
Cash Flow from Operations(15.78 M)971.22 M
Short Ratio12.66 X4.00 X
Earnings Per Share(17.02) X3.12 X
Price to Earnings To Growth(0.09) X4.89 X
Number of Employees1.4 K18.84 K
Beta3.66-0.15
Market Capitalization117.93 M19.03 B
Total Asset1.89 B29.47 B
Retained Earnings(516.62 M)9.33 B
Working Capital566.26 M1.48 B
Current Asset717.81 M9.34 B
   Forum Energy exotic insider transaction detected [view details]

Forum Energy Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Forum . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution1676.17
Daily Balance Of Power(0.15)
Rate Of Daily Change0.98
Day Median Price19.74
Day Typical Price19.6
Market Facilitation Index1.0E-4
Price Action Indicator(0.59)

About Forum Energy Buy or Sell Advice

When is the right time to buy or sell Forum Energy Technologies? Buying financial instruments such as Forum Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Forum Energy investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Receivables159.55 M90.81 M134.43 M179.38 M
Inventories414.64 M251.75 M241.74 M341.88 M

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Please check Forum Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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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
110.5 M
Quarterly Revenue Growth YOY
0.36
Return On Assets
-0.0254
Return On Equity
-0.18
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.