FORR Stock Summary and Trading Ideas (Forrester Research | NASDAQ:FORR)

Forrester Research Inc is a United States-based company that provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.

Forrester Research trades on the NASDAQ stock market under the symbol FORR.

As of April 18, 2024, FORR stock price climbed to $18.61 with 106,982 million shares trading.

FORR has a beta of 0.84, meaning it tends to be less sensitive to market movements. FORR has a correlation of 0.06 to the broad based SPY ETF.

FORR has a market cap of $360.92 million. This is considered a Small Cap stock.

Last quarter Forrester Research reported $118 million in Revenue and $.25 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.

In the last 3 years, FORR stock traded as high as $60.90 and as low as $18.30.

The top ETF exchange traded funds that FORR belongs to (by Net Assets): VTI, IWM, VXF, VB, VBR.

FORR has underperformed the market in the last year with a price return of -43.6% while the SPY ETF gained +22.2%. FORR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.2% and -8.7%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

FORR support price is $18.05 and resistance is $19.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FORR stock will trade within this expected range on the day.