Forestar Group Inc [NYSE: FOR] gained 0.64% on the last trading session, reaching $18.90 price per share at the time.
If compared to the average trading volume of 212.65K shares, FOR reached a trading volume of 127197 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Forestar Group Inc [FOR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FOR shares is $26.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FOR stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Forestar Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2023. The new note on the price target was released on July 20, 2022, representing the official price target for Forestar Group Inc stock. Previously, the target price had yet another raise to $32, while Wells Fargo analysts kept a Overweight rating on FOR stock.
The Average True Range (ATR) for Forestar Group Inc is set at 0.66, with the Price to Sales ratio for FOR stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 3.43.
Trading performance analysis for FOR stock
Forestar Group Inc [FOR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.53. With this latest performance, FOR shares dropped by -4.64% in over the last four-week period, additionally sinking by -35.12% over the last 6 months – not to mention a drop of -45.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FOR stock in for the last two-week period is set at 39.87, with the RSI for the last a single of trading hit 36.16, and the three-weeks RSI is set at 41.16 for Forestar Group Inc [FOR]. The present Moving Average for the last 50 days of trading for this stock 20.24, while it was recorded at 19.24 for the last single week of trading, and 26.15 for the last 200 days.
Forestar Group Inc [FOR]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FOR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Forestar Group Inc go to -0.03%.
An analysis of Institutional ownership at Forestar Group Inc [FOR]
There are presently around $36.40%, or 96.80%% of FOR stock, in the hands of institutional investors. The top three institutional holders of FOR stocks are: VANGUARD GROUP INC with ownership of 2.84 million shares, which is approximately 5.5988%. DIMENSIONAL FUND ADVISORS LP, holding 2.44 million shares of the stock with an approximate value of $$78.01 million in FOR stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $$63.23 million in FOR stock with ownership which is approximately 3.8942%.
