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Fortrea Holdings Inc. (FTRE)
37.54  1.19 (3.27%)    04-29 16:00
Open: 36.58
High: 38.035
Volume: 464,843
  
Pre. Close: 36.35
Low: 36.55
Market Cap: 3,355(M)
Technical analysis
2024-04-29 4:46:14 PM
Short term     
Mid term     
Targets 6-month :  45 1-year :  47.45
Resists First :  38.52 Second :  40.63
Pivot price 37.36
Supports First :  35.13 Second :  29.22
MAs MA(5) :  36.88 MA(20) :  37.74
MA(100) :  35.03 MA(250) :  0
MACD MACD :  -0.5 Signal :  -0.3
%K %D K(14,3) :  29.7 D(3) :  29.7
RSI RSI(14): 50.3
52-week High :  41.02 Low :  24.92
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ FTRE ] has closed below upper band by 46.9%. Bollinger Bands are 21% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 38.08 - 38.22 38.22 - 38.34
Low: 36.17 - 36.35 36.35 - 36.49
Close: 37.27 - 37.55 37.55 - 37.77
Company Description

Fortrea Holdings Inc., a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. It operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum. The Enabling Services segment provides patient access and clinical trial technology solutions to customers that streamline complex randomization and optimize the trial drug supply process. The company offers delivery models that include full service, functional service provider, and hybrid service structures. It also offers phase I-IV clinical trial management, differentiated technology enabled trial solutions, and post approval services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is based in Durham, North Carolina.

Headline News

Mon, 29 Apr 2024
New York State Common Retirement Fund Takes Position in Fortrea Holdings Inc. (NASDAQ:FTRE) - MarketBeat

Sat, 27 Apr 2024
Illinois Municipal Retirement Fund Makes New Investment in Fortrea Holdings Inc. (NASDAQ:FTRE) - MarketBeat

Tue, 23 Apr 2024
Cohen Capital Management Inc. Invests $1.87 Million in Fortrea Holdings Inc. (NASDAQ:FTRE) - MarketBeat

Tue, 16 Apr 2024
Insider Stock Buying Reaches US$782.9k On Fortrea Holdings - Simply Wall St

Mon, 01 Apr 2024
Betty Larson Steps Down from Fortrea Holdings Board - TipRanks.com - TipRanks

Tue, 12 Mar 2024
Fortrea Holdings Inc. (NASDAQ:FTRE) Q4 2023 Earnings Call Transcript - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Healthcare
Industry:
Biotechnology
Shares Out 89 (M)
Shares Float 77 (M)
Held by Insiders 0.1 (%)
Held by Institutions 100.6 (%)
Shares Short 4,650 (K)
Shares Short P.Month 4,080 (K)
Stock Financials
EPS -0.04
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 19.57
Profit Margin -0.2 %
Operating Margin -0.5 %
Return on Assets (ttm) 1.2 %
Return on Equity (ttm) -0.2 %
Qtrly Rev. Growth 1.7 %
Gross Profit (p.s.) 0
Sales Per Share 34.79
EBITDA (p.s.) 2.05
Qtrly Earnings Growth 0 %
Operating Cash Flow 167 (M)
Levered Free Cash Flow 155 (M)
Stock Valuations
PE Ratio -938.51
PEG Ratio -4
Price to Book value 1.91
Price to Sales 1.07
Price to Cash Flow 20.04
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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