Forum Energy Technologies Stock Buy Hold or Sell Recommendation
| FET Stock | USD 14.89 0.11 0.74% |
Considering the 90-day investment horizon and your below-average risk tolerance, our recommendation regarding Forum Energy Technologies is 'Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Forum Energy Technologies given historical horizon and risk tolerance towards Forum Energy. When Macroaxis issues a 'buy' or 'sell' recommendation for Forum Energy Technologies, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out 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, we conduct extensive research on individual companies such as Forum and provide practical buy, sell, or hold advice based on investors' constraints. Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Forum |
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
 |  |
Sell
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Forum Energy Trading Alerts and Improvement Suggestions
| Forum Energy generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 738.86 M. Reported Net Loss for the year was (18.88 M) with profit before taxes, overhead, and interest of 188.53 M. | |
| About 71.0% of the company shares are owned by institutional investors | |
| Latest headline from newsbtc.com: FET Breaches Key SMA Level, Will Bears Push Prices Lower |
Forum Energy Returns Distribution Density
The distribution of Forum Energy's historical returns is an attempt to chart the uncertainty of Forum Energy's future price movements. The chart of the probability distribution of Forum Energy 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.
| Mean Return | -0.18 | Value At Risk | -3.35 | Potential Upside | 4.69 | Standard Deviation | 2.41 |
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
The Forum Energy's institutional investors refer to entities that pool money to purchase Forum Energy's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | State Street Corp | 2024-06-30 | 185.7 K | Hotchkis & Wiley Capital Management Llc | 2024-06-30 | 148.5 K | Northern Trust Corp | 2024-09-30 | 99.5 K | Ameriprise Financial Inc | 2024-06-30 | 92.6 K | Icon Wealth Advisors Llc | 2024-09-30 | 91.8 K | Renaissance Technologies Corp | 2024-09-30 | 87.3 K | Monaco Asset Management | 2024-09-30 | 68.4 K | Bridgeway Capital Management, Llc | 2024-06-30 | 66 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 64.7 K | Mackay Shields Llc | 2024-09-30 | 937.8 K | Simmons L E & Associates Inc | 2024-09-30 | 830.7 K |
Forum Energy Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 54.3M | 51.6M | 1.9M | (34.6M) | 2.8M | 2.9M | |
| Change In Cash | 10.7M | 70.7M | (81.8M) | 4.2M | (4.9M) | (4.6M) | |
| Free Cash Flow | 89M | 1.7M | (18.2M) | (24.6M) | 239K | 227.1K | |
| Depreciation | 63.3M | 51M | 42.2M | 37.1M | 34.7M | 57.6M | |
| Other Non Cash Items | 529.4M | (33.9M) | 3.0M | (8.4M) | 9.4M | 9.0M | |
| Capital Expenditures | 15.1M | 2.2M | 2.4M | 7.5M | 7.9M | 7.5M | |
| Net Income | (567.1M) | (96.9M) | (82.7M) | 3.7M | (18.9M) | (19.8M) | |
| End Period Cash Flow | 57.9M | 128.6M | 46.9M | 51.0M | 46.2M | 77.8M | |
| Change Receivables | (4.8M) | 49.7M | 65.5M | (45.0M) | (40.5M) | (38.4M) | |
| Net Borrowings | (121.1M) | 3.4M | (73.2M) | (1.3M) | (1.4M) | (1.5M) | |
| Change To Netincome | 544.5M | (22.9M) | 13.4M | 7.4M | 8.5M | 8.1M | |
| Investments | 28.1M | 105.2M | 10.8M | 27.1M | 25.6M | 26.9M |
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 Equipment & Services 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'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 Jones | -0.29 | |
β | Beta against Dow Jones | 1.27 | |
σ | Overall volatility | 2.32 | |
Ir | Information ratio | -0.11 |
Forum Energy Volatility Alert
Forum Energy Technologies exhibits very low volatility with skewness of 0.66 and kurtosis of 0.47. 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 bullish 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 financial instruments as prices fall.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 |
| Fundamentals | Forum Energy | Peer Average |
| Return On Equity | -0.11 | -0.31 |
| Return On Asset | 0.0226 | -0.14 |
| Profit Margin | (0.06) % | (1.27) % |
| Operating Margin | 0.05 % | (5.51) % |
| Current Valuation | 438.18 M | 16.62 B |
| Shares Outstanding | 12.28 M | 571.82 M |
| Shares Owned By Insiders | 9.96 % | 10.09 % |
| Shares Owned By Institutions | 71.25 % | 39.21 % |
| Number Of Shares Shorted | 104.3 K | 4.71 M |
| Price To Earning | 9.35 X | 28.72 X |
| Price To Book | 0.41 X | 9.51 X |
| Price To Sales | 0.23 X | 11.42 X |
| Revenue | 738.86 M | 9.43 B |
| Gross Profit | 188.53 M | 27.38 B |
| EBITDA | 58.49 M | 3.9 B |
| Net Income | (18.88 M) | 570.98 M |
| Cash And Equivalents | 51 M | 2.7 B |
| Cash Per Share | 3.45 X | 5.01 X |
| Total Debt | 201.4 M | 5.32 B |
| Debt To Equity | 0.91 % | 48.70 % |
| Current Ratio | 2.43 X | 2.16 X |
| Book Value Per Share | 36.11 X | 1.93 K |
| Cash Flow From Operations | 8.18 M | 971.22 M |
| Short Ratio | 3.24 X | 4.00 X |
| Earnings Per Share | (4.23) X | 3.12 X |
| Price To Earnings To Growth | (1.07) X | 4.89 X |
| Target Price | 30.0 | |
| Number Of Employees | 1.6 K | 18.84 K |
| Beta | 2.47 | -0.15 |
| Market Capitalization | 181.55 M | 19.03 B |
| Total Asset | 821.06 M | 29.47 B |
| Retained Earnings | (699.47 M) | 9.33 B |
| Working Capital | 325.26 M | 1.48 B |
Note: Acquisition by Neal Lux of 4500 shares of Forum Energy at 15.22 subject to Rule 16b-3 [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.
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 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. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Forum Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Personal Services
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Personal Services theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Personal Services Theme or any other thematic opportunities.
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Additional Tools for Forum Stock Analysis
When running Forum Energy's 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 the 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.