Forescout Technologies, Inc. (FSCT) Stock: Here’s What’s Happening

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Forescout Technologies, Inc. (FSCT) is making a move down in the market today. The stock, one that is focused in the service sector, is currently priced at $24.57 after heading down -37.33% so far today. In terms of service sector companies, there are quite a few aspects that have the ability to generate declines in the market. One of the most common is news. Here are the recent stories centered around FSCT:

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Oct-10-19 09:15PM Bragar Eagel & Squire, P.C. is Investigating Forescout Technologies, Inc. (NASDAQ: FSCT) on Behalf of Forescout Stockholders and Encourages Forescout Investors to Contact the Firm
08:03PM FSCT SHAREHOLDER ALERT: Hagens Berman Notifies Investors in Forescout Technologies (FSCT) of an Investigation Involving Possible Securities Law Violations
04:34PM Investor Alert: Kaplan Fox Investigates Forescout Technologies, Inc. (NASDAQ: FSCT)
02:39PM SHAREHOLDER ALERT: Investigation of Forescout Technologies Announced by Holzer & Holzer, LLC
08:30AM Forescout Technologies Announces Preliminary Third Quarter 2019 Financial Results

However, any time investors are making an investing decision, prospective investors should focus on much more than news, especially in the ever incredibly complex service industry. Here’s what’s happing when it comes to Forescout Technologies, Inc..

Recent Trends From FSCT

While a move toward the top in a single session, like the fall that we’re seeing from Forescout Technologies, Inc. might cause fear in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is always smart to look into trends experienced by the stock beyond a single trading day. When it comes to FSCT, below are the trends that we’ve seen:

  • Past 5 Sessions – Throughout the past week, FSCT has produced a change in value in the amount of -36.77%.
  • Past 30 Days – The return from Forescout Technologies, Inc. over the past 30 days works out to -31.46%.
  • Past Three Months – Throughout the last three months, the company has generated a return on investment that comes to -35.69%
  • Past Six Months – In the past six months, investors have seen a performance that equates to -40.75% from the company.
  • Year To Date – Since the open of this year FSCT has generated a return of -5.48%.
  • Full Year – Lastly, in the last full year, investors have seen performance that comes to -25.88% from FSCT. In this period of time, the stock has traded at a high of -47.09% and a low of 11.61%.

Ratios Worth Watching

Digging into a few key ratios having to do with a stock can provide prospective traders a view of just how dangerous and/or potentially profitable a an investment option may be. Below are some of the key ratios to think about when digging into FSCT.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the amount of short interest. As the short ratio goes higher, it shows that more investors have a belief that the value of the stock is going to go down. Across the sector, strong service stocks tend to have a lower short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, in regard to Forescout Technologies, Inc., the stock’s short ratio is 2.86.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay for its debts as they mature using current assets or quick assets. do have strong quick and current ratios. As it relates to FSCT, the quick and current ratios total up to 1.10 and 1.20 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the share price. In this case, the book to share value ratio comes in at 2.35.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of shares. As it relates to FSCT, the cash to share value ratio comes to 2.33.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in FSCT, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors own 88.10% of Forescout Technologies, Inc.. Nonetheless, it is important to consider that institutional ownership has moved in the amount of 0.81% over the last quarter.
  • Insiders – As far as insiders go, members of the management team and others close to FSCT currently own 4.10% of Forescout Technologies, Inc.. Insider ownership of the company has changed in the amount of 0 over the last quarter.

Analyst Opinions With Regard To Forescout Technologies, Inc.

Although it’s not a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts in order to validate your own thoughts before making investment decisions in the service space. Here are the most recent moves that we’ve seen from analysts with regard to FSCT.

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Oct-10-19 Downgrade Needham Buy → Hold
Oct-10-19 Downgrade JP Morgan Overweight → Neutral
Jul-16-19 Initiated Macquarie Neutral $41
Mar-11-19 Reiterated Needham Buy $47 → $50
Mar-05-19 Reiterated Monness Crespi & Hardt Buy $42 → $49

What We’ve Seen In Financial Results

What have ween seen from FSCT in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts are expecting that Forescout Technologies, Inc. will come up with earnings per diluted share that comes to 0.15, with 0.05 being reported in the next financial report. Although this data is not earnings driven, because we’re chatting about Wall Street analysts, FSCT is presently rated a 1.90 when rated on a scale from 1 to 5 on which 1 is the worst average analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the past half decade, Forescout Technologies, Inc. has created a change in sales volume that adds up to 0. Earnings per diluted share in the last half decade have seen movement in the amount of 0.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly represented in today’s society, the company has created a change in earnings that comes to a total of -34.00%. Forescout Technologies, Inc. has also experienced movement when it comes to revenue that amounts to 15.80%.

What You Need To Know About Share Counts

Investors seem to like to know the counts of shares both available and outstanding. When it comes to Forescout Technologies, Inc., currently there are 45.03M and there is a float of 44.03M. These numbers mean that of the total of 45.03M shares of FSCT in existence today, 44.03M are able to be traded in the public space.

It’s also important to pay attention to the short percentage of the float. Think about it, when a large portion of the float is shorted, the overall feeling among investors is that the equity is headed for a deep dive. When it comes to FSCT, the percentage of the float that is sold short is 3.54%. In general, high short percent of the float is anything over 40%. In my research, I have calculated that any short ratio over 26% is likely a play that comes with hefty risk.

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