How to Buy Fortrea Holdings Stock
Fortrea Holdings Inc
Fortrea Holdings Inc. , a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide.
Fortrea Holdings stock last closed at $33.03, down 7.76% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Biotechnology industry by N/A percentage points. Fortrea Holdings stock is currently +32.52% from its 52-week low of $24.93, and -19.48% from its 52-week high of $41.02.
As of May 10, 2024, there are 89.4M shares of FTRE outstanding. The market value of FTRE is $2.95B. In the past 24 hours, 3.32M FTRE shares were traded.
How to Buy Fortrea Holdings Stock
Not sure how to invest in Fortrea Holdings stock? Here's how.
- Figure out where to buy Fortrea Holdings stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Fortrea Holdings stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your method of payment and add your details.
- Evaluate Fortrea Holdings stock: The Fortrea Holdings ticker symbol is FTRE. Is Fortrea Holdings stock a good investment? Should you buy shares of FTRE? How do FTRE's underlying business fundamentals look? Do top analysts think Fortrea Holdings is a good buy? Why has FTRE's stock price moved recently? (Hint: Our stock market research website can help you figure out if FTRE is a good stock to buy).
- Place your FTRE purchase: Decide if you will purchase FTRE shares at the current market price or use a limit order to buy FTRE stock at a given price.
- Get the latest scoop on your FTRE position: Create a watchlist to get live updates on your investment in Fortrea Holdings shares.
Step 1: Figure out where to buy Fortrea Holdings stock
You need an online brokerage account in order to access the NASDAQ market and buy FTRE shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal information so you can invest in FTRE today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on the best stock investing app, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing funds into your new investment account.
Step 4: Evaluate Fortrea Holdings stock
After you have identified the best place to buy Fortrea Holdings stock, it's absolutely critical to research their stock before you buy, so you truly wrap your head around the risk as well as the upside.
Fortrea Holdings stock data
Fundamentals of Fortrea Holdings
WallStreetZen was created to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on FTRE's stock page.
Is FTRE stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge FTRE's fair value.
Using relative valuations measures:
- FTRE may be undervalued based on its P/B ratio of 1.7x, relative to Biotechnology industry P/B ratio of 5.91x
You can do more valuation analysis on FTRE's stock here.
FTRE Financial Overview
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the FTRE balance sheet.
Failed Financial Due Diligence Checks:
- FTRE has a relatively high debt to equity ratio of 1.51.
- FTRE's operating cash flow of $167.40M allows it to safely service it's debt of $1.68B.
- FTRE profit margin has gone down from 6.2% to -0.1% in the past year.
- FTRE earnings of $70.90M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the FTRE balance sheet.
Do Wall Street analysts think it's a good time to buy FTRE stock
Out of 7 Equities analysts who give recommendations on FTRE, the consensus analyst rating on FTRE is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest FTRE Analyst Forecasts
Patrick B Donnelly, a top 13% analyst from Citigroup upgrades FTRE to a strong buy rating and raises their FTRE price target from $34.00 to $40.00, on Dec 11, 2023.
Elizabeth Anderson, a bottom 4% analyst from Evercore ISI Group upgrades FTRE to a buy rating and raises their FTRE price target from $32.00 to $36.00, on Dec 1, 2023.
You can dig deeper into what analysts are saying on the Fortrea Holdings stock forecast page.
FTRE Technical Indicators
FTRE Growth Numbers
Last year, FTRE revenue was $3.11B. In the last 3 year, FTRE's revenue has gone up by 58.95% per year. This was faster than the Biotechnology industry average of 31.46%.
Find out more about FTRE's earnings and revenue performance here.
Are FTRE executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at FTRE have bought more shares than they have sold.
Jill G. McConnell, Chief Financial Officer of FTRE, was the latest FTRE insider to sell. They sold $223,796.60 worth of FTRE shares on Mar 4, 2024.
Learn more about who owns FTRE shares here.
Does FTRE stock generate passive income?
No, Fortrea Holdings doesn't provide an income stream by paying out dividends.
What do other traders have to say about FTRE?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your FTRE purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your FTRE position
Now that you own some shares in FTRE, you'll want to keep up with your company.
Put FTRE on a watchlist to track the latest developments regarding your FTRE stock.
FTRE Feed
How to Buy Stock in Fortrea Holdings
To reiterate, here are the 6 steps for buying Fortrea Holdings stock:
- Figure out where to buy Fortrea Holdings stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Fortrea Holdings stock
- Place your FTRE purchase
- Get the latest scoop on your FTRE position
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Fortrea Holdings, hit the button below to create your watchlist.
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