BTIG Research raised the price target for the Forestar Group Inc (NYSE:FOR) stock from “a Neutral” to “a Buy”. The rating was released on July 21, 2023, according to finviz. The research report from Wells Fargo has initiated the stock to Overweight, with a price target set at $32. In their research brief published April 29, 2020, Citigroup analysts initiated the Forestar Group Inc stock to Buy with a price target of $16.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 6.08% within the last five trades and 19.48% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 48.90% in the last 6 months and 15.80% was added to its value over the previous 3 months. FOR stock is trading at a margin of 9.72%, 16.65% and 34.23% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, FOR deals in the Real Estate domain. The stock is trading 1.81 percent below its 52-week high and 171.93 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 142.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Forestar Group Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 14.89 percent and the profit margin is 12.08 percent, and the company has reported a gross margin of 21.63 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.97 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Forestar Group Inc (NYSE:FOR) is 10.76. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.77. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.29 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.40, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 63.49 percent of Forestar Group Inc shares are owned by insiders, and 36.32 percent are held by financial institutions. BARTOK DANIEL C, the Chief Executive Officer at Forestar Group Inc (FOR) has sold 1,000 shares of firm on Dec 27 ’23 at a price of $34.23 against the total amount of $34225.0. In another inside trade, BARTOK DANIEL C, Chief Executive Officer of Forestar Group Inc (NYSE:FOR) sold 949 shares of the firm on Dec 20 ’23 for a total worth of $32978.0 at a price of $34.75. An inside trade which took place on Dec 15 ’23, Director of Forestar Group Inc Ringler G.F. (Rick) III sold 2,000 shares of firm against total price of $66475.0 at the cost of $33.24 per share.
