Forum Stock Price on July 6, 2022 Breakdown

FET
 Stock
  

USD 25.46  0.01  0.0393%   

As of today, the current price of Forum Energy is  25.46 , as last reported on the 16th of August 2022, with the highest price reaching  26.00  and the lowest price hitting  25.25  during the day.
Forum Energy appears to be not too volatile, given 3 months investment horizon. Forum Energy Technologies secures Sharpe Ratio (or Efficiency) of 0.0931, which denotes the company had 0.0931% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Forum Energy Technologies, which you can use to evaluate the future volatility of the firm. Please utilize Forum Energy's Mean Deviation of 2.64, downside deviation of 3.53, and Coefficient Of Variation of 731.57 to check if our risk estimates are consistent with your expectations.
  
Net Income Common Stock is likely to drop to about (89.2 M) in 2022. 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. Forum Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
4.8 M
Shares Outstanding
5.7 M
Shares Short Prior Month
328 K
Earnings Share
-10.99
Shares Short
294.7 K
Revenue Per Share
108.4

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Forum Energy Valuation on July 6, 2022

It is possible to determine the worth of Forum Energy on a given historical date. On July 6, 2022 Forum was worth 19.34 at the beginning of the trading date compared to the closed value of 18.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Forum Energy stock. Still, in general, we apply an absolute valuation method to find Forum Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Forum Energy's related companies.
 Open High Low Close Volume
  18.78    19.68    18.77    19.30    43,950  
07/06/2022
  19.34    19.55    18.30    18.35    22,026  
  18.91    19.77    18.60    19.41    33,395  
Backtest Forum Energy  |  Forum Energy History  |  Forum Energy Valuation   PreviousNext  
Open Value 19.34
18.35
Closing Value
31.12
Upside

Forum Energy Trading Date Momentum on July 6, 2022

On July 07 2022 Forum Energy Technologies was traded for  19.41  at the closing time. Highest Forum Energy's price during the trading hours was 19.77  and the lowest price during the day was  18.60 . The net volume was 33.4 K. The overall trading history on the 7th of July contributed to the next trading period price appreciation. The overall trading delta to the next next day price was 5.78% . The overall trading delta to current price is 5.01% .

Forum Energy Technologies Fundamentals Correlations and Trends

By evaluating Forum Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Forum Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Forum financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Forum Energy Stock history

Forum Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Forum is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Forum Energy Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Forum Energy historical stock prices may prove useful in developing a viable investing in Forum Energy
Last ReportedProjected for 2022
Weighted Average Shares5.6 M5.7 M
Weighted Average Shares Diluted5.6 M5.8 M
Issuance Purchase of Equity Shares-1.4 M-1.5 M
Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas. Forum Energy operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1400 people.

Forum Energy Quarterly Market Capitalization

112.25 Million

Forum Energy Stock Technical Analysis

Forum Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Forum Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Forum Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Forum Energy Period Price Range

Low
July 6, 2022
High

 19.34 

  

 18.35 

-0.99-5.12%

Forum Energy August 16, 2022 Market Strength

Market strength indicators help investors to evaluate how Forum Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Forum Energy shares will generate the highest return on investment. By undertsting and applying Forum Energy stock market strength indicators, traders can identify Forum Energy Technologies entry and exit signals to maximize returns

Forum Energy Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Forum stock's direction in advance. Along with the technical and fundamental analysis of Forum Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Forum to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Please check Investing Opportunities. 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 Anywhere module to track or share privately all of your investments from the convenience of any device.

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.
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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
145.7 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.