Is Fortrea Holdings Stock a Good Investment?
Fortrea Holdings Investment Advice | FTRE |
- Examine Fortrea Holdings' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Fortrea Holdings' leadership team and their track record. Good management can help Fortrea Holdings navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Life Sciences Tools & Services space and any emerging trends that could impact Fortrea Holdings' business and its evolving consumer preferences.
- Compare Fortrea Holdings' performance and market position to its competitors. Analyze how Fortrea Holdings is positioned in terms of product offerings, innovation, and market share.
- Check if Fortrea Holdings pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Fortrea Holdings' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Fortrea Holdings stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Fortrea Holdings is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Above Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Fortrea Holdings Stock
Researching Fortrea Holdings' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 100.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.98. Some equities with similar Price to Book (P/B) outperform the market in the long run. Fortrea Holdings recorded a loss per share of 2.44. The entity had not issued any dividends in recent years.
To determine if Fortrea Holdings is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Fortrea Holdings' research are outlined below:
| Fortrea Holdings had very high historical volatility over the last 90 days | |
| Fortrea Holdings has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 3.11 B. Net Loss for the year was (3.4 M) with profit before overhead, payroll, taxes, and interest of 454.9 M. | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Disposition of 11268 shares by Thomas Pike of Fortrea Holdings at 18.04 subject to Rule 16b-3 |
Fortrea Holdings Quarterly Cash And Short Term Investments |
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Fortrea Holdings uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Fortrea Holdings. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Fortrea Holdings' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 12th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 12th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Fortrea Holdings' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Fortrea Holdings' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-13 | 2024-03-31 | 0.01 | -0.04 | -0.05 | 500 | ||
2024-03-11 | 2023-12-31 | 0.24 | 0.19 | -0.05 | 20 | ||
2024-08-12 | 2024-06-30 | 0.08 | -0.03 | -0.11 | 137 | ||
2023-11-13 | 2023-09-30 | 0.16 | -0.15 | -0.31 | 193 |
Fortrea Holdings Target Price Consensus
Fortrea target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Fortrea Holdings' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 12 | Hold |
Most Fortrea analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Fortrea stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Fortrea Holdings, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationFortrea Holdings Target Price Projection
Fortrea Holdings' current and average target prices are 16.75 and 22.84, respectively. The current price of Fortrea Holdings is the price at which Fortrea Holdings is currently trading. On the other hand, Fortrea Holdings' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Fortrea Holdings Market Quote on 30th of January 2025
Target Price
Analyst Consensus On Fortrea Holdings Target Price
Fortrea Holdings Analyst Ratings
Fortrea Holdings' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Fortrea Holdings stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Fortrea Holdings' financials, market performance, and future outlook by experienced professionals. Fortrea Holdings' historical ratings below, therefore, can serve as a valuable tool for investors.Fortrea Holdings' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.48 B.Market Cap |
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Fortrea Holdings' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.02 | 0.04 |
Determining Fortrea Holdings' profitability involves analyzing its financial statements and using various financial metrics to determine if Fortrea Holdings is a good buy. For example, gross profit margin measures Fortrea Holdings' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Fortrea Holdings' profitability and make more informed investment decisions.
Fortrea Holdings' Earnings Breakdown by Geography
Please note, the presentation of Fortrea Holdings' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Fortrea Holdings' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Fortrea Holdings' management manipulating its earnings.
Basic technical analysis of Fortrea Stock
As of the 30th of January, Fortrea Holdings shows the Variance of 26.47, standard deviation of 5.14, and Mean Deviation of 3.12. Fortrea Holdings technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Fortrea Holdings market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Fortrea Holdings is priced favorably, providing market reflects its regular price of 16.75 per share. Given that Fortrea Holdings has information ratio of (0.03), we urge you to verify Fortrea Holdings's prevailing market performance to make sure the company can sustain itself at a future point.Fortrea Holdings' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Fortrea Holdings insiders, such as employees or executives, is commonly permitted as long as it does not rely on Fortrea Holdings' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Fortrea Holdings insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Fortrea Holdings' Outstanding Corporate Bonds
Fortrea Holdings issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Fortrea Holdings uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Fortrea bonds can be classified according to their maturity, which is the date when Fortrea Holdings has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| FORTUNE BRANDS HOME Corp BondUS34964CAA45 | View | |
| US34964CAE66 Corp BondUS34964CAE66 | View | |
| FBINUS 45 25 MAR 52 Corp BondUS34964CAG15 | View | |
| FBINUS 4 25 MAR 32 Corp BondUS34964CAF32 | View | |
| US34960PAD33 Corp BondUS34960PAD33 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View |
Understand Fortrea Holdings' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Fortrea Holdings' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.0005) | |||
| Market Risk Adjusted Performance | (0.03) | |||
| Mean Deviation | 3.12 | |||
| Coefficient Of Variation | (9,408) | |||
| Standard Deviation | 5.14 | |||
| Variance | 26.47 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.04) | |||
| Maximum Drawdown | 38.26 | |||
| Value At Risk | (6.16) | |||
| Potential Upside | 5.79 | |||
| Skewness | 3.15 | |||
| Kurtosis | 17.79 |
| Risk Adjusted Performance | (0.0005) | |||
| Market Risk Adjusted Performance | (0.03) | |||
| Mean Deviation | 3.12 | |||
| Coefficient Of Variation | (9,408) | |||
| Standard Deviation | 5.14 | |||
| Variance | 26.47 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.04) | |||
| Maximum Drawdown | 38.26 | |||
| Value At Risk | (6.16) | |||
| Potential Upside | 5.79 | |||
| Skewness | 3.15 | |||
| Kurtosis | 17.79 |
Consider Fortrea Holdings' intraday indicators
Fortrea Holdings intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Fortrea Holdings stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 126325.0 | |||
| Daily Balance Of Power | 0.3571 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 16.77 | |||
| Day Typical Price | 16.76 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | 0.25 |
Fortrea Holdings Corporate Filings
F4 | 14th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 14th of November 2024 Other Reports | ViewVerify | |
13A | 12th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 8th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Fortrea Stock media impact
Far too much social signal, news, headlines, and media speculation about Fortrea Holdings that are available to investors today. That information is available publicly through Fortrea media outlets and privately through word of mouth or via Fortrea internal channels. However, regardless of the origin, that massive amount of Fortrea data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Fortrea Holdings news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Fortrea Holdings relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Fortrea Holdings' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Fortrea Holdings alpha.
Fortrea Holdings Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Fortrea Holdings can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Fortrea Holdings Historical Investor Sentiment
Investor biases related to Fortrea Holdings' public news can be used to forecast risks associated with an investment in Fortrea. The trend in average sentiment can be used to explain how an investor holding Fortrea can time the market purely based on public headlines and social activities around Fortrea Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Fortrea Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fortrea Holdings and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Fortrea Holdings news discussions. The higher the estimate score, the more favorable the investor's outlook on Fortrea Holdings.
Fortrea Holdings Maximum Pain Price Across March 21st 2025 Option Contracts
Fortrea Holdings' options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Fortrea Holdings close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Fortrea Holdings' options.
Fortrea Holdings Corporate Management
| Hima Inguva | Head Development | Profile | |
| Amanda Warren | Chief Officer | Profile | |
| Stillman Hanson | General Secretary | Profile | |
| Robert Parks | Chief Officer | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortrea Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Fortrea Stock refer to our How to Trade Fortrea Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Life Sciences Tools & Services space 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 Fortrea Holdings. If investors know Fortrea 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 Fortrea Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Earnings Share (2.44) | Revenue Per Share | Quarterly Revenue Growth (0.06) | Return On Assets |
The market value of Fortrea Holdings is measured differently than its book value, which is the value of Fortrea that is recorded on the company's balance sheet. Investors also form their own opinion of Fortrea Holdings' value that differs from its market value or its book value, called intrinsic value, which is Fortrea Holdings' 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 Fortrea Holdings' market value can be influenced by many factors that don't directly affect Fortrea Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Fortrea Holdings' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Fortrea Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortrea Holdings' 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.