Taking a Look at the Data Behind Forum Energy Technologies, Inc. (FET)

Forum Energy Technologies, Inc. (FET) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $11.45, down from yesterday’s close by -2.55%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Forum Energy Technologies, Inc. (FET) currently trades with a market capitalization of $1.46 Billion. That value represents a market adjusting for revenues that have been growing by 68.27 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$64.7 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.02 on a per share basis this quarter. Perhaps, that suggests something about why 3.19% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Forum Energy Technologies, Inc. recorded a 52-week high of $26.25. It is now trading 14.8% off that level. The stock is trading $15.63 its 50-day moving average by 4.18%. The stock carved out a 52-week low down at $10.05.

In recent action, Forum Energy Technologies, Inc. (FET) has made a move of -34.01% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.51, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.30% with $92.97 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FET.

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