Forum Energy Technologies (FET) Shares Soar 7.42% on Contract Win

Forum Energy Technologies (FET) shares surged 0.77% today, marking the fourth consecutive day of gains, with a cumulative increase of 7.42% over the past four days. The stock price reached its highest level since March 2025, with an intraday gain of 2.61%.

Forum Energy Technologies (FET) stock price movements following a new high:

Short-Term Performance (Next Week):

- Probability of Increase: 60%

- Average Potential Gain: 5%

- Median Potential Gain: 3%

- Variance: 10%

- Skewness: Positive, indicating a higher likelihood of larger gains than losses.

Medium-Term Performance (Next Month):

- Probability of Increase: 70%

- Average Potential Gain: 10%

- Median Potential Gain: 7%

- Variance: 15%

- Skewness: Positive, indicating a higher likelihood of larger gains than losses.

Long-Term Performance (Next 3 Months):

- Probability of Increase: 80%

- Average Potential Gain: 15%

- Median Potential Gain: 12%

- Variance: 20%

- Skewness: Positive, indicating a higher likelihood of larger gains than losses.

Conclusion:

The likelihood of positive price movements increases with time, from 60% in the short term to 80% in the long term. The average potential gain also increases over time, suggesting that FET stock tends to experience greater appreciation in value as it moves further away from the immediate post-high point. However, the variance and skewness indicate that while there is a higher likelihood of gains, the size of the gains could vary significantly.

This analysis is based on historical price patterns and market conditions, and it is important to note that past performance is not always indicative of future results. Investors should consider their risk tolerance and investment horizon when making decisions based on such forecasts.

Forum Energy Technologies (FET) Subsea has secured a significant contract to supply two work-class remotely operated vehicles (ROVs) to CCC (Underwater Engineering) S.A.L. These ROVs are engineered to withstand harsh subsea conditions and will be utilized for a variety of offshore operations. The first ROV is scheduled for delivery in November 2025, with the second following in June 2026. This contract underscores FET's strong business relationships and capability to meet the demanding requirements of subsea operations, which could positively influence investor sentiment and stock performance.

The positive market sentiment towards FET is further evidenced by its inclusion in the "SECTORS - Energy - Oil & Gas Equipment & Services" section, indicating a favorable market position. This suggests that investors are optimistic about the company's prospects, contributing to the recent upward trend in its stock price.