Should I Buy FET? FET 2026 Analysis

Should You Buy Forum Energy Technologies Inc (FET) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

45.090

1 Day change

3.42%

52 Week Range

46.300

Analysis Updated At

2026/01/28

Not a good buy right now for a beginner long-term investor. FET’s longer-term technical trend is still bullish, but momentum is cooling and the latest quarter shows shrinking revenue and sharply weaker gross margin. With no Intellectia buy signals today and no near-term news catalyst, the risk/reward is not attractive at today’s price ($43.60).

Technical Analysis

Price closed at $43.60 (-3.56% vs prior close), pulling back from near resistance (R1 ~$45.23). Trend structure remains bullish with SMA_5 > SMA_20 > SMA_200, but momentum is moderating: MACD histogram is positive (0.16) yet contracting (bullish momentum weakening). RSI_6 is ~60.6 (neutral-to-slightly bullish, not overbought). Key levels: Pivot/support ~42.91 (a reasonable line-in-the-sand); below that, next supports S1 ~40.59 and S2 ~39.16. Resistance levels are ~45.23 then ~46.66. Pattern-based stats provided suggest a mixed very-near-term outlook (50% chance of -1.45% next day) but stronger odds over 1 week/month (+9.07% / +27.61%). **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Options positioning looks call-heavy (open interest put/call ratio 0.17), which is typically bullish sentiment. However, today’s options activity is extremely thin (total volume 6 calls, 0 puts), so sentiment inference is weak. Implied volatility is elevated (30D IV ~58.21; IV percentile ~65), indicating the market is pricing meaningful movement into the coming weeks/months.

Technical Summary

Sell

Buy

Positive Catalysts

Technical backdrop remains bullish on moving averages despite the recent dip.
Earnings catalyst upcoming: QDEC 2025 earnings on 2026-02-13 (pre-market) with EPS estimate ~0.36 (implies potential profitability inflection vs prior losses).
Options open interest skew is strongly call-leaning (bullish positioning).

Neutral/Negative Catalysts

Recent price action was a sharp down day (-3.56%) and MACD momentum is contracting, suggesting weakening upside drive.
Latest reported quarter shows fundamental pressure: revenue down YoY and gross margin down sharply, which can cap long-term rerating.
No supportive news flow in the last week; no fresh event-driven catalyst to justify buying immediately.

Financial Performance

Latest quarter: 2025/Q3. Revenue declined to $196.231M (-5.57% YoY). Net income improved YoY to -$20.554M (loss narrowed, +38.74% YoY improvement). EPS improved to -1.76 (+46.67% YoY improvement). The major concern is profitability quality: gross margin fell to 20.5 (down -35.19% YoY), indicating weaker operating leverage/pricing or cost pressure even as bottom-line losses narrowed.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

No analyst rating or price target change data was provided, so a recent trend summary can’t be confirmed. With the data available, the Wall Street pro case would center on a potential earnings/profit inflection and improving losses; the con case is falling revenue and sharply weaker gross margin, which can undermine a sustained long-term rerating. Politicians/congress: no recent congress trading data available; hedge funds/insiders: neutral with no significant recent trends.

Analyst Rating

Wall Street analysts forecast FET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FET is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

Buy