Exploring NYSE:FOR's CANSLIM characteristics.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if FORESTAR GROUP INC (NYSE:FOR) is suited for growth investing. Investors should of course do their own research, but we spotted FORESTAR GROUP INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

What matters for canslim investors.

• FORESTAR GROUP INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 80.95% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• FORESTAR GROUP INC has achieved 41.16% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• FORESTAR GROUP INC has experienced 40.28% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• FORESTAR GROUP INC has achieved an impressive Return on Equity (ROE) of 13.09%, showcasing its ability to generate favorable returns for shareholders.
• FORESTAR GROUP INC has exhibited strong Relative Strength(RS) in recent periods, with a current 96.61 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. FORESTAR GROUP INC shows promising potential for continued price momentum.
• FORESTAR GROUP INC maintains a healthy Debt-to-Equity ratio of 0.5. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• FORESTAR GROUP INC exhibits a favorable ownership structure, with an institutional shareholder ownership of 37.42%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

In-Depth Technical Analysis of NYSE:FOR

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Overall FOR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FOR is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that FOR is one of the better performing stocks in the market, outperforming 96% of all 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 68 other stocks in this industry. FOR outperforms 97% of them.
• FOR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month FOR has a been trading in the 31.25 - 37.68 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

For an up to date full technical analysis you can check the technical report of FOR

A complete fundamental analysis of NYSE:FOR

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

FOR gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 68 industry peers in the Real Estate Management & Development industry. FOR has an excellent profitability rating, but there are some minor concerns on its financial health. FOR has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! With these ratings, FOR could be worth investigating further for value and growth 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.