Fortrea Holdings Inc (NASDAQ:FTRE) shares, rose in value on Thursday, March 27, with the stock price down by -1.07% to the previous day’s close as strong demand from buyers drove the stock to $8.36.
Actively observing the price movement in the last trading, the stock closed the session at $8.45, falling within a range of $8.16 and $8.58. Referring to stock’s 52-week performance, its high was $40.63, and the low was $8.27. On the whole, FTRE has fluctuated by -44.56% over the past month.
With the market capitalization of Fortrea Holdings Inc currently standing at about $754.07 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-02.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.5B, with a low estimate of 593.9M and a high estimate of 620.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 610.91M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FTRE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of FTRE currently trading nearly -15.67% and -38.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 24.16, while the 7-day volatility ratio is showing 6.33% which for the 30-day chart, stands at 7.47%. Furthermore, Fortrea Holdings Inc (FTRE)’s beta value is 1.87, and its average true range (ATR) is 0.72.
A comparison of Fortrea Holdings Inc (FTRE) with its peers suggests the former has fared considerably weaker in the market. FTRE showed an intraday change of -1.07% in last session, and over the past year, it shrunk by -78.28%%.
Data on historical trading for Fortrea Holdings Inc (NASDAQ:FTRE) indicates that the trading volumes over the past 10 days have averaged 2.58 and over the past 3 months, they’ve averaged 1.71 million. According to company’s latest data on outstanding shares, there are 90.20 million shares outstanding.
Nearly 0.36% of Fortrea Holdings Inc’s shares belong to company insiders and institutional investors own 104.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.87 million shares as on 2025-03-14, resulting in a short ratio of 3.41. According to the data, the short interest in Fortrea Holdings Inc (FTRE) stood at 1255.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 7.3 million. The stock has fallen by -55.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FTRE stock heading into the next quarter.
