Forum Energy Technologies Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 69 out of 97 in the Oil & Gas Related Equipment and Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as , with the highest price target at 49.00.In the medium term, the stock price is expected to trend up.Despite strong stock market performance and technicals over the past month, the fundamentals don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Media Coverage
The current financial score of Forum Energy Technologies Inc is 5.80, ranking 87 out of 97 in the Oil & Gas Related Equipment and Services industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 196.23M, representing a year-over-year decrease of 5.57%, while its net profit experienced a year-over-year decrease of 38.74%.
The current valuation score of Forum Energy Technologies Inc is 8.80, ranking 6 out of 97 in the Oil & Gas Related Equipment and Services industry. Its current P/E ratio is -5.11, which is -1105.35% below the recent high of 51.42 and -1423.35% above the recent low of -77.91.

No earnings forecast score is currently available for Forum Energy Technologies Inc. The Oil & Gas Related Equipment and Services industry's average is 7.50. The average price target is 33.00, with a high of 33.00 and a low of 33.00.



Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Forum Energy Technologies Inc is 9.59, ranking 12 out of 97 in the Oil & Gas Related Equipment and Services industry. Currently, the stock price is trading between the resistance level at 51.50 and the support level at 41.63, making it suitable for range-bound swing trading.

The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Forum Energy Technologies Inc is 7.00, ranking 28 out of 97 in the Oil & Gas Related Equipment and Services industry. The latest institutional shareholding proportion is 80.78%, representing a quarter-over-quarter decrease of 0.43%. The largest institutional shareholder is The Vanguard, holding a total of 629.33K shares, representing 5.53% of shares outstanding, with 11.48% increase in holdings.

The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Oil & Gas Related Equipment and Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Forum Energy Technologies Inc is 4.83, ranking 77 out of 97 in the Oil & Gas Related Equipment and Services industry. The company's beta value is 0.59. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.