Why FORESTAR GROUP INC (NYSE:FOR) qualifies as a high growth stock.

In this article we will dive into FORESTAR GROUP INC (NYSE:FOR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed FORESTAR GROUP INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NYSE:FOR highlighted

• The EPS of FORESTAR GROUP INC has exhibited growth from one quarter to another (Q2Q), with a 80.95% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• FORESTAR GROUP INC has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 41.16%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• FORESTAR GROUP INC has achieved 40.28% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• FORESTAR GROUP INC demonstrates a strong Return on Equity(ROE) of 13.09%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. FORESTAR GROUP INC shows promising potential for continued success.
• FORESTAR GROUP INC has achieved an impressive Relative Strength (RS) rating of 96.19, showcasing its ability to outperform the broader market. This strong performance positions FORESTAR GROUP INC as an attractive stock for potential price appreciation.
• With a Debt-to-Equity ratio at 0.5, FORESTAR GROUP INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• FORESTAR GROUP INC demonstrates a balanced ownership structure, with institutional shareholders at 35.74%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Zooming in on the technicals.

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

We assign a technical rating of 8 out of 10 to FOR. In the last year, FOR was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• Looking at the yearly performance, FOR did better than 96% of all other stocks. We also observe that the gains produced by FOR over the past year are nicely spread over this period.
• FOR is part of the Real Estate Management & Development industry. There are 67 other stocks in this industry. FOR outperforms 95% of them.
• FOR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FOR is lagging the market slightly.

Our latest full technical report of FOR contains the most current technical analsysis.

Zooming in on the fundamentals.

At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous fundamental indicators and properties.

FOR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 67 industry peers in the Real Estate Management & Development industry. While FOR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on FOR. These ratings could make FOR a good candidate for value investing.

Check the latest full fundamental report of FOR for a complete fundamental analysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.