Is Forum Energy Stock a Good Investment?
Forum Energy Investment Advice | FET |
- Examine Forum Energy's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Forum Energy's leadership team and their track record. Good management can help Forum Energy navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Equipment & Services space and any emerging trends that could impact Forum Energy's business and its evolving consumer preferences.
- Compare Forum Energy's performance and market position to its competitors. Analyze how Forum Energy is positioned in terms of product offerings, innovation, and market share.
- Check if Forum Energy pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Forum Energy's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Forum Energy Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Forum Energy Technologies is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Forum Energy Stock
Researching Forum Energy's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 65.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.58. Some equities with similar Price to Book (P/B) outperform the market in the long run. Forum Energy Technologies recorded a loss per share of 2.36. The entity last dividend was issued on the 10th of November 2020. The firm had 1:20 split on the 10th of November 2020.
To determine if Forum Energy is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Forum Energy's research are outlined below:
| Forum Energy generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 738.86 M. Reported Net Loss for the year was (18.88 M) with profit before taxes, overhead, and interest of 188.53 M. | |
| About 65.0% of the company shares are owned by institutional investors | |
| Latest headline from globenewswire.com: Global Uranium Enters Into Option Agreement with Forum Energy to Earn Up to 75 percent of Forums Interest in Northwest Athabasca Joint Venture |
Forum Energy Quarterly Cost Of Revenue |
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Forum Energy uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Forum Energy Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Forum Energy's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 19th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Forum Energy's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Forum Energy's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-07-30 | 2018-06-30 | -0.25 | -0.2 | 0.05 | 20 | ||
2024-05-02 | 2024-03-31 | -0.2 | -0.12 | 0.08 | 40 | ||
2018-02-08 | 2017-12-31 | -0.59 | -0.8 | -0.21 | 35 | ||
2022-08-04 | 2022-06-30 | -0.5 | -0.73 | -0.23 | 46 | ||
2018-10-29 | 2018-09-30 | 0.3 | 0.6 | 0.3 | 100 | ||
2018-04-30 | 2018-03-31 | -1.08 | -1.4 | -0.32 | 29 | ||
2015-10-22 | 2015-09-30 | 1.81 | 1.4 | -0.41 | 22 | ||
2019-07-25 | 2019-06-30 | -1.11 | -1.6 | -0.49 | 44 |
Know Forum Energy's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Forum Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Forum Energy Technologies backward and forwards among themselves. Forum Energy's institutional investor refers to the entity that pools money to purchase Forum Energy's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Newtyn Management Llc | 2024-03-31 | 194.3 K | Hotchkis & Wiley Capital Management Llc | 2024-03-31 | 186.4 K | State Street Corporation | 2024-03-31 | 185.7 K | Icon Wealth Advisors Llc | 2024-03-31 | 91.8 K | Northern Trust Corp | 2024-03-31 | 89.6 K | Bridgeway Capital Management, Llc | 2024-03-31 | 65.3 K | Monaco Asset Management | 2024-03-31 | 59.6 K | Renaissance Technologies Corp | 2023-12-31 | 54.2 K | Ameriprise Financial Inc | 2024-03-31 | 52.7 K | Mackay Shields Llc | 2024-03-31 | 973.2 K | Keyframe Capital Partners, Lp | 2024-03-31 | 746 K |
Forum Energy's market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 224.05 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Forum Energy's market, we take the total number of its shares issued and multiply it by Forum Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Forum Energy's profitablity analysis
Forum Energy's profitability indicators refer to fundamental financial ratios that showcase Forum Energy's ability to generate income relative to its revenue or operating costs. If, let's say, Forum Energy is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Forum Energy's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Forum Energy's profitability requires more research than a typical breakdown of Forum Energy's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.03) | (0.03) | |
| Return On Capital Employed | 0.04 | 0.04 | |
| Return On Assets | (0.02) | (0.02) | |
| Return On Equity | (0.05) | (0.05) |
Determining Forum Energy's profitability involves analyzing its financial statements and using various financial metrics to determine if Forum Energy is a good buy. For example, gross profit margin measures Forum Energy's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Forum Energy's profitability and make more informed investment decisions.
Forum Energy's Earnings Breakdown by Geography
The data published in Forum Energy's official financial statements usually reflect Forum Energy's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Forum Energy Technologies. For example, before you start analyzing numbers published by Forum accountants, it's critical to develop an understanding of what Forum Energy's liquidity, profitability, and earnings quality are in the context of the Energy Equipment & Services space in which it operates.
Please note, the presentation of Forum Energy's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Forum Energy's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Forum Energy's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Forum Energy Technologies. Please utilize our Beneish M Score to check the likelihood of Forum Energy's management manipulating its earnings.
Evaluate Forum Energy's management efficiency
Forum Energy Technologies has Return on Asset of 0.0175 % which means that on every $100 spent on assets, it made $0.0175 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0596) %, meaning that it generated no profit with money invested by stockholders. Forum Energy's management efficiency ratios could be used to measure how well Forum Energy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to gain to 0.04 in 2024, whereas Return On Tangible Assets are likely to drop (0.03) in 2024. At this time, Forum Energy's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 350.7 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 158.9 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 40.41 | 38.39 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 23.96 | 27.58 | |
| Enterprise Value Over EBITDA | 6.52 | 6.85 | |
| Price Book Value Ratio | 0.55 | 0.52 | |
| Enterprise Value Multiple | 6.52 | 6.85 | |
| Price Fair Value | 0.55 | 0.52 | |
| Enterprise Value | 1.1 B | 1.3 B |
The analysis of Forum Energy's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Forum Energy's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Forum Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 2.579 |
Basic technical analysis of Forum Stock
As of the 3rd of June, Forum Energy shows the Mean Deviation of 1.73, standard deviation of 2.24, and Variance of 5.03. Forum Energy Technologies technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Forum Energy Technologies, which can be compared to its peers. Please confirm Forum Energy Technologies market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Forum Energy Technologies is priced favorably, providing market reflects its regular price of 18.24 per share. Given that Forum Energy has information ratio of (0.05), we urge you to verify Forum Energy Technologies's prevailing market performance to make sure the company can sustain itself at a future point.Forum Energy's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Forum Energy insiders, such as employees or executives, is commonly permitted as long as it does not rely on Forum Energy's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Forum Energy insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
John Ivascu over a week ago Disposition of 2181 shares by John Ivascu of Forum Energy at 25.16 subject to Rule 16b-3 | ||
D Williams over three months ago Exercise or conversion by D Williams of 6835 shares of Forum Energy subject to Rule 16b-3 | ||
John Ivascu over three months ago Disposition of 5720 shares by John Ivascu of Forum Energy subject to Rule 16b-3 | ||
Steven Pounds over three months ago Disposition of 1078 shares by Steven Pounds of Forum Energy subject to Rule 16b-3 | ||
Steven Pounds over three months ago Disposition of 3234 shares by Steven Pounds of Forum Energy subject to Rule 16b-3 | ||
D Williams over three months ago Acquisition by D Williams of 7500 shares of Forum Energy subject to Rule 16b-3 | ||
D Williams over six months ago Payment of 1967 shares by D Williams of Forum Energy subject to Rule 16b-3 |
Forum Energy's Outstanding Corporate Bonds
Forum Energy issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Forum Energy Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Forum bonds can be classified according to their maturity, which is the date when Forum Energy Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Forum Energy's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Forum Energy's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.06) | |||
| Mean Deviation | 1.73 | |||
| Coefficient Of Variation | (3,162) | |||
| Standard Deviation | 2.24 | |||
| Variance | 5.03 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.07) | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 3.45 | |||
| Skewness | 0.1144 | |||
| Kurtosis | 0.2116 |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.06) | |||
| Mean Deviation | 1.73 | |||
| Coefficient Of Variation | (3,162) | |||
| Standard Deviation | 2.24 | |||
| Variance | 5.03 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.07) | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 3.45 | |||
| Skewness | 0.1144 | |||
| Kurtosis | 0.2116 |
Consider Forum Energy's intraday indicators
Forum Energy intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Forum Energy stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Forum Energy Corporate Filings
| 30th of May 2024 Other Reports | ViewVerify | |
| 22nd of May 2024 Other Reports | ViewVerify | |
8K | 15th of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 27th of March 2024 Other Reports | ViewVerify |
Forum Stock media impact
Far too much social signal, news, headlines, and media speculation about Forum Energy that are available to investors today. That information is available publicly through Forum media outlets and privately through word of mouth or via Forum internal channels. However, regardless of the origin, that massive amount of Forum data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Forum Energy news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Forum Energy relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Forum Energy's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Forum Energy alpha.
Forum Energy Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Forum Energy can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Forum Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Forum Energy Corporate Directors
Forum Energy corporate directors refer to members of a Forum Energy board of directors. The board of directors generally takes responsibility for the Forum Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Forum Energy's board members must vote for the resolution. The Forum Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Evelyn Angelle | Non-Executive Independent Director | Profile | |
| Andrew Waite | Non-Executive Independent Director | Profile | |
| Emily Reichert | Non-Executive Independent Director | Profile | |
| John Schmitz | Non-Executive Independent Director | Profile |
How to buy Forum Stock?
To provide specific investment advice or recommendations on Forum Energy Technologies stock, we recommend investors consider the following general factors when evaluating Forum Energy Technologies. This will help you to make an informed decision on whether to include Forum Energy in one of your diversified portfolios:- Examine Forum Energy's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Forum Energy's leadership team and their track record. Good management can help Forum Energy navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Equipment & Services space and any emerging trends that could impact Forum Energy's business and its evolving consumer preferences.
- Compare Forum Energy's performance and market position to its competitors. Analyze how Forum Energy is positioned in terms of product offerings, innovation, and market share.
- Check if Forum Energy pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Forum Energy's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Forum Energy Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Forum Energy Technologies is a good investment.
Already Invested in Forum Energy Technologies?
The danger of trading Forum Energy Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Forum Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Forum Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Forum Energy Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Forum Energy Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Forum Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Forum Energy Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Forum Energy Technologies Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Forum Stock analysis
When running Forum Energy's price analysis, check to measure Forum Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.
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Is Forum Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forum Energy. If investors know Forum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forum Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.58) | Earnings Share (2.36) | Revenue Per Share 70.194 | Quarterly Revenue Growth 0.071 | Return On Assets 0.0175 |
The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Forum Energy's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Forum Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.