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Fortrea Holdings Inc.
Buy, Hold or Sell?

Let's analyze Fortrea together

I guess you are interested in Fortrea Holdings Inc.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Fortrea Holdings Inc.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Fortrea (30 sec.)










1.2. What can you expect buying and holding a share of Fortrea? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
$16.89
Expected worth in 1 year
$14.87
How sure are you?
27.3%

+ What do you gain per year?

Total Gains per Share
$-2.02
Return On Investment
-10.2%

For what price can you sell your share?

Current Price per Share
$19.73
Expected price per share
$16.53 - $25.28
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Fortrea (5 min.)




Live pricePrice per Share (EOD)
$19.73

2.2. Growth of Fortrea (5 min.)




Is Fortrea growing?

Current yearPrevious yearGrowGrow %
How rich?$1.5b$2.1b-$572m-36.3%

How much money is Fortrea making?

Current yearPrevious yearGrowGrow %
Making money-$63.6m-$23.7m-$39.8m-62.7%
Net Profit Margin-9.4%-3.1%--

How much money comes from the company's main activities?

2.3. Financial Health of Fortrea (5 min.)




2.4. Comparing to competitors in the Biotechnology industry (5 min.)




  Industry Rankings (Biotechnology)  

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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Fortrea?

Welcome investor! Fortrea's management wants to use your money to grow the business. In return you get a share of Fortrea.

First you should know what it really means to hold a share of Fortrea. And how you can make/lose money.

Speculation

The Price per Share of Fortrea is $19.73. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Fortrea.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Fortrea, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $16.89. Based on the TTM, the Book Value Change Per Share is $-0.50 per quarter. Based on the YOY, the Book Value Change Per Share is $4.73 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Fortrea.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.03-0.1%-0.71-3.6%-0.27-1.3%-0.19-1.0%-0.19-1.0%
Usd Book Value Change Per Share0.583.0%-0.50-2.6%4.7324.0%1.547.8%1.547.8%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.583.0%-0.50-2.6%4.7324.0%1.547.8%1.547.8%
Usd Price Per Share20.00-29.60-15.65-16.45-16.45-
Price to Earnings Ratio-194.78--57.48--6.04--23.10--23.10-
Price-to-Total Gains Ratio34.20-16.00--50.56--6.19--6.19-
Price to Book Ratio1.18-1.67-0.81-0.90-0.90-
Price-to-Total Gains Ratio34.20-16.00--50.56--6.19--6.19-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share19.73
Number of shares50
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.501.54
Usd Total Gains Per Share-0.501.54
Gains per Quarter (50 shares)-25.2276.78
Gains per Year (50 shares)-100.89307.12
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-101-1110307297
20-202-2120614604
30-303-3130921911
40-404-414012281218
50-504-515015361525
60-605-616018431832
70-706-717021502139
80-807-818024572446
90-908-919027642753
100-1009-1020030713060

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%4.07.00.036.4%4.07.00.036.4%4.07.00.036.4%4.07.00.036.4%
Book Value Change Per Share2.02.00.050.0%3.05.03.027.3%3.05.03.027.3%3.05.03.027.3%3.05.03.027.3%
Dividend per Share0.00.04.00.0%0.00.011.00.0%0.00.011.00.0%0.00.011.00.0%0.00.011.00.0%
Total Gains per Share2.02.00.050.0%3.05.03.027.3%3.05.03.027.3%3.05.03.027.3%3.05.03.027.3%
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3.2. Key Performance Indicators

The key performance indicators of Fortrea Holdings Inc. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.585-0.504+186%4.727-88%1.536-62%1.536-62%
Book Value Per Share--16.89217.593-4%23.977-30%15.116+12%15.116+12%
Current Ratio--1.1771.361-13%1.734-32%1.126+5%1.126+5%
Debt To Asset Ratio--0.5870.601-2%0.502+17%0.401+46%0.401+46%
Debt To Equity Ratio--1.4211.508-6%1.176+21%0.976+46%0.976+46%
Dividend Per Share----0%-0%-0%-0%
Eps---0.026-0.710+2666%-0.265+933%-0.193+651%-0.193+651%
Free Cash Flow Per Share---0.1180.614-119%0.374-132%0.383-131%0.383-131%
Free Cash Flow To Equity Per Share---0.275-0.785+186%-0.024-91%-0.271-1%-0.271-1%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap1767808000.000-1%1792000000.0002651712000.000-32%1402240000.000+28%1474164363.636+22%1474164363.636+22%
Net Profit Margin---0.004-0.094+2258%-0.031+688%-0.027+578%-0.027+578%
Operating Margin---0.119-0.057-52%0.034-455%0.014-955%0.014-955%
Operating Ratio--2.5191.409+79%0.965+161%1.113+126%1.113+126%
Pb Ratio1.168-1%1.1841.668-29%0.813+46%0.902+31%0.902+31%
Pe Ratio-192.153+1%-194.783-57.485-70%-6.038-97%-23.099-88%-23.099-88%
Price Per Share19.730-1%20.00029.595-32%15.650+28%16.453+22%16.453+22%
Price To Free Cash Flow Ratio-41.694+1%-42.26448.638-187%-35.885-15%4.637-1011%4.637-1011%
Price To Total Gains Ratio33.737-1%34.19815.999+114%-50.558+248%-6.186+118%-6.186+118%
Quick Ratio--0.9981.202-17%1.589-37%1.015-2%1.015-2%
Return On Assets---0.001-0.016+2489%-0.006+785%-0.008+1164%-0.008+1164%
Return On Equity---0.002-0.041+2606%-0.007+341%-0.017+1045%-0.017+1045%
Total Gains Per Share--0.585-0.504+186%4.727-88%1.536-62%1.536-62%
Usd Book Value--1513500000.0001576325000.000-4%2148375000.000-30%1354436363.636+12%1354436363.636+12%
Usd Book Value Change Per Share--0.585-0.504+186%4.727-88%1.536-62%1.536-62%
Usd Book Value Per Share--16.89217.593-4%23.977-30%15.116+12%15.116+12%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.026-0.710+2666%-0.265+933%-0.193+651%-0.193+651%
Usd Free Cash Flow---10600000.00055000000.000-119%33500000.000-132%34290909.091-131%34290909.091-131%
Usd Free Cash Flow Per Share---0.1180.614-119%0.374-132%0.383-131%0.383-131%
Usd Free Cash Flow To Equity Per Share---0.275-0.785+186%-0.024-91%-0.271-1%-0.271-1%
Usd Market Cap1767808000.000-1%1792000000.0002651712000.000-32%1402240000.000+28%1474164363.636+22%1474164363.636+22%
Usd Price Per Share19.730-1%20.00029.595-32%15.650+28%16.453+22%16.453+22%
Usd Profit---2300000.000-63625000.000+2666%-23750000.000+933%-17272727.273+651%-17272727.273+651%
Usd Revenue--575600000.000668875000.000-14%773825000.000-26%736836363.636-22%736836363.636-22%
Usd Total Gains Per Share--0.585-0.504+186%4.727-88%1.536-62%1.536-62%
 EOD+2 -6MRQTTM+19 -14YOY+12 -215Y+16 -1710Y+16 -17

3.3 Fundamental Score

Let's check the fundamental score of Fortrea Holdings Inc. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-192.153
Price to Book Ratio (EOD)Between0-11.168
Net Profit Margin (MRQ)Greater than0-0.004
Operating Margin (MRQ)Greater than0-0.119
Quick Ratio (MRQ)Greater than10.998
Current Ratio (MRQ)Greater than11.177
Debt to Asset Ratio (MRQ)Less than10.587
Debt to Equity Ratio (MRQ)Less than11.421
Return on Equity (MRQ)Greater than0.15-0.002
Return on Assets (MRQ)Greater than0.05-0.001
Total2/10 (20.0%)

3.4 Technical Score

Let's check the technical score of Fortrea Holdings Inc. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.993
Ma 20Greater thanMa 5019.061
Ma 50Greater thanMa 10019.527
Ma 100Greater thanMa 20021.703
OpenGreater thanClose19.380
Total1/5 (20.0%)

4. In-depth Analysis

4.1 About Fortrea Holdings Inc.

Fortrea Holdings Inc., a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. The company 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, as well as consulting services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is headquartered in Durham, North Carolina.

Fundamental data was last updated by Penke on 2024-11-12 11:45:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is fair priced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Fortrea earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Fortrea to the Biotechnology industry mean.
  • A Net Profit Margin of -0.4% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Fortrea Holdings Inc.:

  • The MRQ is -0.4%. The company is not making a profit/loss.
  • The TTM is -9.4%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-0.4%TTM-9.4%+9.0%
TTM-9.4%YOY-3.1%-6.3%
TTM-9.4%5Y-2.7%-6.7%
5Y-2.7%10Y-2.7%0.0%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.4%-120.2%+119.8%
TTM-9.4%-210.7%+201.3%
YOY-3.1%-219.8%+216.7%
5Y-2.7%-348.0%+345.3%
10Y-2.7%-473.2%+470.5%
4.3.1.2. Return on Assets

Shows how efficient Fortrea is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Fortrea to the Biotechnology industry mean.
  • -0.1% Return on Assets means that Fortrea generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Fortrea Holdings Inc.:

  • The MRQ is -0.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -1.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.1%TTM-1.6%+1.6%
TTM-1.6%YOY-0.6%-1.1%
TTM-1.6%5Y-0.8%-0.8%
5Y-0.8%10Y-0.8%0.0%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.1%-11.0%+10.9%
TTM-1.6%-11.7%+10.1%
YOY-0.6%-11.3%+10.7%
5Y-0.8%-12.6%+11.8%
10Y-0.8%-14.3%+13.5%
4.3.1.3. Return on Equity

Shows how efficient Fortrea is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Fortrea to the Biotechnology industry mean.
  • -0.2% Return on Equity means Fortrea generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Fortrea Holdings Inc.:

  • The MRQ is -0.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -4.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.2%TTM-4.1%+4.0%
TTM-4.1%YOY-0.7%-3.4%
TTM-4.1%5Y-1.7%-2.4%
5Y-1.7%10Y-1.7%0.0%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.2%-14.1%+13.9%
TTM-4.1%-15.8%+11.7%
YOY-0.7%-13.8%+13.1%
5Y-1.7%-18.5%+16.8%
10Y-1.7%-19.2%+17.5%
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4.3.2. Operating Efficiency of Fortrea Holdings Inc..

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Fortrea is operating .

  • Measures how much profit Fortrea makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Fortrea to the Biotechnology industry mean.
  • An Operating Margin of -11.9% means the company generated $-0.12  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Fortrea Holdings Inc.:

  • The MRQ is -11.9%. The company is operating very inefficient. -2
  • The TTM is -5.7%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-11.9%TTM-5.7%-6.2%
TTM-5.7%YOY3.4%-9.1%
TTM-5.7%5Y1.4%-7.1%
5Y1.4%10Y1.4%0.0%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ-11.9%-267.8%+255.9%
TTM-5.7%-313.2%+307.5%
YOY3.4%-224.0%+227.4%
5Y1.4%-385.5%+386.9%
10Y1.4%-498.7%+500.1%
4.3.2.2. Operating Ratio

Measures how efficient Fortrea is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Biotechnology industry mean).
  • An Operation Ratio of 2.52 means that the operating costs are $2.52 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Fortrea Holdings Inc.:

  • The MRQ is 2.519. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.409. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ2.519TTM1.409+1.110
TTM1.409YOY0.965+0.444
TTM1.4095Y1.113+0.296
5Y1.11310Y1.1130.000
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5192.631-0.112
TTM1.4093.412-2.003
YOY0.9653.299-2.334
5Y1.1134.788-3.675
10Y1.1136.538-5.425
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4.4.3. Liquidity of Fortrea Holdings Inc..

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Fortrea is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Biotechnology industry mean).
  • A Current Ratio of 1.18 means the company has $1.18 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Fortrea Holdings Inc.:

  • The MRQ is 1.177. The company is just able to pay all its short-term debts.
  • The TTM is 1.361. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.177TTM1.361-0.184
TTM1.361YOY1.734-0.373
TTM1.3615Y1.126+0.235
5Y1.12610Y1.1260.000
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1773.688-2.511
TTM1.3613.875-2.514
YOY1.7344.695-2.961
5Y1.1265.959-4.833
10Y1.1266.274-5.148
4.4.3.2. Quick Ratio

Measures if Fortrea is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Fortrea to the Biotechnology industry mean.
  • A Quick Ratio of 1.00 means the company can pay off $1.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Fortrea Holdings Inc.:

  • The MRQ is 0.998. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.202. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ0.998TTM1.202-0.203
TTM1.202YOY1.589-0.388
TTM1.2025Y1.015+0.187
5Y1.01510Y1.0150.000
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9983.117-2.119
TTM1.2023.444-2.242
YOY1.5894.498-2.909
5Y1.0155.922-4.907
10Y1.0156.414-5.399
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4.5.4. Solvency of Fortrea Holdings Inc..

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Fortrea assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Fortrea to Biotechnology industry mean.
  • A Debt to Asset Ratio of 0.59 means that Fortrea assets are financed with 58.7% credit (debt) and the remaining percentage (100% - 58.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Fortrea Holdings Inc.:

  • The MRQ is 0.587. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.601. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.587TTM0.601-0.014
TTM0.601YOY0.502+0.099
TTM0.6015Y0.401+0.200
5Y0.40110Y0.4010.000
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5870.354+0.233
TTM0.6010.350+0.251
YOY0.5020.310+0.192
5Y0.4010.366+0.035
10Y0.4010.382+0.019
4.5.4.2. Debt to Equity Ratio

Measures if Fortrea is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Fortrea to the Biotechnology industry mean.
  • A Debt to Equity ratio of 142.1% means that company has $1.42 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Fortrea Holdings Inc.:

  • The MRQ is 1.421. The company is able to pay all its debts with equity. +1
  • The TTM is 1.508. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.421TTM1.508-0.087
TTM1.508YOY1.176+0.332
TTM1.5085Y0.976+0.532
5Y0.97610Y0.9760.000
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4210.393+1.028
TTM1.5080.436+1.072
YOY1.1760.378+0.798
5Y0.9760.451+0.525
10Y0.9760.493+0.483
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Fortrea generates.

  • Above 15 is considered overpriced but always compare Fortrea to the Biotechnology industry mean.
  • A PE ratio of -194.78 means the investor is paying $-194.78 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Fortrea Holdings Inc.:

  • The EOD is -192.153. Based on the earnings, the company is expensive. -2
  • The MRQ is -194.783. Based on the earnings, the company is expensive. -2
  • The TTM is -57.485. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-192.153MRQ-194.783+2.630
MRQ-194.783TTM-57.485-137.298
TTM-57.485YOY-6.038-51.447
TTM-57.4855Y-23.099-34.386
5Y-23.09910Y-23.0990.000
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD-192.153-2.169-189.984
MRQ-194.783-2.453-192.330
TTM-57.485-3.147-54.338
YOY-6.038-3.335-2.703
5Y-23.099-6.032-17.067
10Y-23.099-6.597-16.502
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Fortrea Holdings Inc.:

  • The EOD is -41.694. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -42.264. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 48.638. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD-41.694MRQ-42.264+0.571
MRQ-42.264TTM48.638-90.902
TTM48.638YOY-35.885+84.522
TTM48.6385Y4.637+44.000
5Y4.63710Y4.6370.000
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD-41.694-3.020-38.674
MRQ-42.264-3.395-38.869
TTM48.638-3.650+52.288
YOY-35.885-4.541-31.344
5Y4.637-8.375+13.012
10Y4.637-9.277+13.914
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Fortrea is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Biotechnology industry mean).
  • A PB ratio of 1.18 means the investor is paying $1.18 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Fortrea Holdings Inc.:

  • The EOD is 1.168. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.184. Based on the equity, the company is underpriced. +1
  • The TTM is 1.668. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.168MRQ1.184-0.016
MRQ1.184TTM1.668-0.484
TTM1.668YOY0.813+0.855
TTM1.6685Y0.902+0.766
5Y0.90210Y0.9020.000
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD1.1681.860-0.692
MRQ1.1842.035-0.851
TTM1.6682.339-0.671
YOY0.8132.391-1.578
5Y0.9023.666-2.764
10Y0.9024.360-3.458
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Fortrea Holdings Inc..

4.8.3. Insider Transactions

Insiders are holding 0.281% of the shares of Fortrea Holdings Inc..

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-06-12James S HansonBUY200025.3
2024-05-29Thomas PikeBUY1000024.81
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5. Financial Statements




5.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2023-09-302023-12-312024-03-312024-06-302024-09-30
Income before Tax  -17,900-23,100-41,000-34,700-75,700-12,900-88,60091,1002,500
Gross Profit  129,100-9,400119,700-11,800107,9007,800115,700-829,200-713,500



5.2. Latest Balance Sheet

Balance Sheet of 2024-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets3,663,700
Total Liabilities2,150,200
Total Stockholder Equity1,513,500
 As reported
Total Liabilities 2,150,200
Total Stockholder Equity+ 1,513,500
Total Assets = 3,663,700

Assets

Total Assets3,663,700
Total Current Assets936,900
Long-term Assets2,726,800
Total Current Assets
Cash And Cash Equivalents 105,300
Net Receivables 689,100
Other Current Assets 142,500
Total Current Assets  (as reported)936,900
Total Current Assets  (calculated)936,900
+/-0
Long-term Assets
Property Plant Equipment 173,100
Goodwill 1,767,000
Intangible Assets 691,200
Long-term Assets Other 92,300
Long-term Assets  (as reported)2,726,800
Long-term Assets  (calculated)2,723,600
+/- 3,200

Liabilities & Shareholders' Equity

Total Current Liabilities795,800
Long-term Liabilities1,354,400
Total Stockholder Equity1,513,500
Total Current Liabilities
Short-term Debt 14,000
Accounts payable 137,600
Other Current Liabilities 323,100
Total Current Liabilities  (as reported)795,800
Total Current Liabilities  (calculated)474,700
+/- 321,100
Long-term Liabilities
Long-term Liabilities  (as reported)1,354,400
Long-term Liabilities  (calculated)0
+/- 1,354,400
Total Stockholder Equity
Common Stock100
Retained Earnings -335,800
Accumulated Other Comprehensive Income -178,100
Other Stockholders Equity 2,027,300
Total Stockholder Equity (as reported)1,513,500
Total Stockholder Equity (calculated)1,513,500
+/-0
Other
Cash and Short Term Investments 105,300
Current Deferred Revenue321,100
Liabilities and Stockholders Equity 3,663,700
Net Debt 1,098,600
Net Working Capital 141,100
Short Long Term Debt Total 1,203,900



5.3. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-31
> Total Assets 
0
0
0
4,287,900
4,306,500
4,356,200
4,316,700
4,357,200
4,240,200
3,565,400
3,663,700
3,663,7003,565,4004,240,2004,357,2004,316,7004,356,2004,306,5004,287,900000
   > Total Current Assets 
0
0
0
1,246,900
1,242,600
1,231,500
1,257,800
1,253,100
1,200,000
887,700
936,900
936,900887,7001,200,0001,253,1001,257,8001,231,5001,242,6001,246,900000
       Cash And Cash Equivalents 
0
0
0
112,000
120,000
114,300
107,500
108,600
92,800
126,200
105,300
105,300126,20092,800108,600107,500114,300120,000112,000000
       Net Receivables 
0
0
0
1,051,400
996,600
1,014,700
1,047,100
1,074,100
941,000
637,900
689,100
689,100637,900941,0001,074,1001,047,1001,014,700996,6001,051,400000
       Other Current Assets 
0
0
0
83,500
126,000
102,500
103,200
35,100
91,300
123,600
142,500
142,500123,60091,30035,100103,200102,500126,00083,500000
   > Long-term Assets 
0
0
0
3,041,000
3,063,900
3,124,700
3,058,900
3,104,100
3,040,200
2,677,700
2,726,800
2,726,8002,677,7003,040,2003,104,1003,058,9003,124,7003,063,9003,041,000000
       Property Plant Equipment 
0
0
0
164,900
174,300
212,300
219,200
220,900
167,400
173,100
173,100
173,100173,100167,400220,900219,200212,300174,300164,900000
       Goodwill 
0
0
0
1,997,300
2,009,800
2,025,200
1,994,700
2,029,300
1,727,600
1,725,700
1,767,000
1,767,0001,725,7001,727,6002,029,3001,994,7002,025,2002,009,8001,997,300000
       Intangible Assets 
0
0
0
823,300
812,300
801,500
773,700
771,200
707,900
691,900
691,200
691,200691,900707,900771,200773,700801,500812,300823,300000
> Total Liabilities 
0
0
0
945,300
2,501,000
2,605,100
2,622,400
2,618,400
2,648,300
2,104,300
2,150,200
2,150,2002,104,3002,648,3002,618,4002,622,4002,605,1002,501,000945,300000
   > Total Current Liabilities 
0
0
0
699,000
656,500
752,100
774,600
775,900
818,300
749,000
795,800
795,800749,000818,300775,900774,600752,100656,500699,000000
       Short-term Debt 
0
0
0
23,300
22,600
46,300
45,700
45,600
70,200
13,500
14,000
14,00013,50070,20045,60045,70046,30022,60023,300000
       Short Long Term Debt 
0
0
0
0
0
26,100
26,100
26,100
55,000
0
0
0055,00026,10026,10026,10000000
       Accounts payable 
0
0
0
81,500
102,600
105,300
128,300
132,800
131,300
144,200
137,600
137,600144,200131,300132,800128,300105,300102,60081,500000
       Other Current Liabilities 
0
0
0
322,700
273,300
336,200
335,800
356,100
379,900
343,300
323,100
323,100343,300379,900356,100335,800336,200273,300322,700000
   > Long-term Liabilities 
0
0
0
246,300
1,844,500
1,853,000
1,847,800
1,842,500
1,830,000
1,355,300
1,354,400
1,354,4001,355,3001,830,0001,842,5001,847,8001,853,0001,844,500246,300000
> Total Stockholder Equity
0
0
0
3,342,600
1,805,500
1,751,100
1,694,300
1,738,800
1,591,900
1,461,100
1,513,500
1,513,5001,461,1001,591,9001,738,8001,694,3001,751,1001,805,5003,342,600000
   Common Stock
0
0
0
0
100
100
100
100
100
100
100
1001001001001001001000000
   Retained Earnings Total Equity00000000000
   Accumulated Other Comprehensive Income -178,100-249,000-241,600-218,400-280,300-225,500-257,100-276,000000
   Capital Surplus 00000000000
   Treasury Stock00000000000
   Other Stockholders Equity 
0
0
0
3,618,600
2,062,500
1,976,500
1,987,600
2,006,200
2,002,900
2,017,900
2,027,300
2,027,3002,017,9002,002,9002,006,2001,987,6001,976,5002,062,5003,618,600000



5.4. Balance Sheets

Currency in USD. All numbers in thousands.




5.5. Cash Flows

Currency in USD. All numbers in thousands.




5.6. Income Statements

Currency in USD. All numbers in thousands.


5.7. Latest Income Statement

Income Statement (annual), 2023-12-31. Currency in USD. All numbers in thousands.

Gross Profit (+$)
totalRevenue3,109,000
Cost of Revenue-2,588,600
Gross Profit520,400520,400
 
Operating Income (+$)
Gross Profit520,400
Operating Expense-433,000
Operating Income63,10087,400
 
Operating Expense (+$)
Research Development0
Selling General Administrative336,600
Selling And Marketing Expenses0
Operating Expense433,000336,600
 
Net Interest Income (+$)
Interest Income0
Interest Expense-69,800
Other Finance Cost-0
Net Interest Income-69,800
 
Pretax Income (+$)
Operating Income63,100
Net Interest Income-69,800
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,10079,600
EBIT - interestExpense = 24,500
1,100
66,400
Interest Expense69,800
Earnings Before Interest and Taxes (EBIT)94,30070,900
Earnings Before Interest and Taxes (EBITDA)190,700
 
After tax Income (+$)
Income Before Tax1,100
Tax Provision-4,500
Net Income From Continuing Ops-3,400-3,400
Net Income-3,400
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses3,021,600
Total Other Income/Expenses Net-16,50069,800
 

Technical Analysis of Fortrea
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Fortrea. The general trend of Fortrea is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Fortrea's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Fortrea Holdings Inc..

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 24.58 < 25.00 < 25.28.

The bearish price targets are: 16.53.

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Fortrea Holdings Inc. Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Fortrea Holdings Inc.. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Fortrea Holdings Inc. Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Fortrea Holdings Inc.. The current macd is 0.13890398.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Fortrea price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Fortrea. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Fortrea price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Fortrea Holdings Inc. Daily Moving Average Convergence/Divergence (MACD) ChartFortrea Holdings Inc. Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Fortrea Holdings Inc.. The current adx is 21.93.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Fortrea shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Fortrea Holdings Inc. Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Fortrea Holdings Inc.. The current sar is 24.24.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Fortrea Holdings Inc. Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Fortrea Holdings Inc.. The current rsi is 51.99. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Fortrea Holdings Inc. Daily Relative Strength Index (RSI) ChartFortrea Holdings Inc. Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Fortrea Holdings Inc.. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Fortrea price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Fortrea Holdings Inc. Daily Stochastic Oscillator ChartFortrea Holdings Inc. Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Fortrea Holdings Inc.. The current cci is 20.18.

Fortrea Holdings Inc. Daily Commodity Channel Index (CCI) ChartFortrea Holdings Inc. Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Fortrea Holdings Inc.. The current cmo is 5.69880984.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Fortrea Holdings Inc. Daily Chande Momentum Oscillator (CMO) ChartFortrea Holdings Inc. Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Fortrea Holdings Inc.. The current willr is -63.79310345.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Fortrea is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Fortrea Holdings Inc. Daily Williams %R ChartFortrea Holdings Inc. Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Fortrea Holdings Inc..

Fortrea Holdings Inc. Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Fortrea Holdings Inc.. The current atr is 1.24886559.

Fortrea Holdings Inc. Daily Average True Range (ATR) ChartFortrea Holdings Inc. Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Fortrea Holdings Inc.. The current obv is 12,152,592.

Fortrea Holdings Inc. Daily On-Balance Volume (OBV) ChartFortrea Holdings Inc. Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Fortrea Holdings Inc.. The current mfi is 54.76.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Fortrea Holdings Inc. Daily Money Flow Index (MFI) ChartFortrea Holdings Inc. Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Fortrea Holdings Inc..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-07-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-12BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-08-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-08-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-07STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-12STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-08-13RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-08-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-08-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-08-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-08-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-08-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-08-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-04WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-09-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-09-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-09-10BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-09-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-09-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-09-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-09-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-09-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-09-23ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-09-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-09-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-09-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-02CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-10-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-10-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-10-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-10-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-11-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-11-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-11-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Fortrea Holdings Inc. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Fortrea Holdings Inc. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.993
Ma 20Greater thanMa 5019.061
Ma 50Greater thanMa 10019.527
Ma 100Greater thanMa 20021.703
OpenGreater thanClose19.380
Total1/5 (20.0%)
Penke
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