Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Fortrea Holdings Inc.
Fortrea Holdings Inc., a contract research organization, provides biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology, and medical device customers worldwide. It offers clinical pharmacology, such as clinical research units, external partnerships, project management, study design and monitoring, bioanalytics and biomarkers, pharmacokinetics, modeling and simulation, and biometrics; and clinical deve… Read full Trend Edge analysis →
Sector: Healthcare
Industry: Biotechnology
Exchange: NASDAQ
IPO Date: July 3, 2023
Headquarters: 8 Moore Drive, Durham, NC, United States, 27709
Hidden Gem: Yes — undiscovered relative to its market cap tier
Founder-Led: No
Key Metrics
Current Price
$13.42
Market Cap
$1.24B
Float
93.9M
Shares Outstanding
94.6M
P/E (Forward)
7.81
Price/Sales (TTM)
0.46
vs. Analyst Target
+20.8% to analyst PT
Profit Margin
-16.50%
Operating Margin (TTM)
0.52%
Revenue (TTM)
$2.71B
Earnings Growth (YoY)
-57.40%
Dividend Rate
None
Analyst Target Price
$16.21 (12 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$2.58B
-$359M
$489M
$222M
2021
$3.06B
$98.0M
$604M
$303M
2022
$2.84B
$186M
$724M
$281M
2023
$2.84B
-$25.2M
$591M
$137M
2024
$2.70B
-$329M
$534M
-$64.3M
2025
$2.72B
-$986M
$426M
-$814M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$710M
-$375M
Sep 2025
$701M
-$15.9M
Dec 2025
$661M
-$32.5M
Mar 2026
$637M
-$23.6M
Ownership & Float
Insider Ownership
0.8%
Institutional Ownership
110.0%
Short Float
11.2%
% of All Funds Holding
3.74%
Number of Funds Holding
307
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$11.58
Near-term / short-term trend
Weekly
40-Week SMA
$12.14
Medium-term trend
Weekly
80-Week SMA
$11.40
Cyclical trend (business cycle)
Weekly
200-Week SMA
$0.00
Secular trend (multi-year)
Monthly
10-Month SMA
$12.06
Near-term monthly trend
Monthly
20-Month SMA
$11.82
Medium-term monthly trend
Monthly
40-Month SMA
$0.00
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$16.50
resistance
1.05x
2 months ago
$27.60
resistance
1.43x
20 months ago
$36.70
resistance
1.57x
23 months ago
Historical Earnings Reactions (13 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
0.69%
0.39%
61.54%
4.56%
-3.43%
1 Day
2.18%
2.60%
61.54%
10.88%
-7.78%
1 Week
-3.17%
-6.40%
30.77%
20.06%
-19.74%
2 Weeks
-5.22%
-6.85%
30.77%
17.71%
-19.46%
1 Month
3.16%
5.83%
58.33%
53.04%
-34.59%
Next earnings: July 24, 2026 (57 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Insufficient historical data for monthly seasonality analysis (requires 7+ years of data).
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The analysis covers five layers:
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qualitative analysis (business model, competitive moat, sector dynamics),
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