Stock Price Prediction

FRD stock shows bullish potential due to its strong financial flexibility, with $123.6 million in working capital and operational efficiencies reducing SG&A expenses by 24% year-over-year. The tubular segment's 11.1% volume growth highlights promising demand, despite challenges from declining steel prices. Currently trading around $15.57, it could see upside if macroeconomic conditions stabilize and steel prices recover.

FRD stock closed at $15.17 on January 31, 2025, up 8.67% for the day. Despite insider buying by the CEO at $14.50, the stock faces risks from declining revenues (-16.6% YoY in Q1 FY2025) and steel price volatility. Bearish sentiment arises from rising costs, lower demand, and macroeconomic headwinds, which could pressure margins further.