Fortrea Holdings Inc. (FTRE)
Fortrea Holdings Inc. is a leading provider of comprehensive clinical development and patient access solutions tailored for the life sciences sector. Based in Durham, North Carolina, the company leverages innovative methodologies and technologies to enhance the efficiency and effectiveness of clinical trials while ensuring optimal patient engagement and support. Fortrea's commitment to advancing the biopharmaceutical landscape positions it as a key partner for organizations seeking to navigate the complexities of drug development and market access.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 873.74% per annum.
- FTRE price at the close of October 24, 2025 was $11.30 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 11.01% per annum.
- FTRE price at the close of October 24, 2025 was higher than the top border of the secondary price channel by $0.01 (0.12%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of FTRE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 14, 2025
End date: October 24, 2025
a = -2.8075
b = 0.0062
s = 0.1251
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0062) – 1
= 873.74%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1251) – 1
= 64.91%
May 14, 2025 calculations
Top border of price channel:
Exp(Y465)
= Exp(a + b × X465 + 2 × s)
= Exp(a + b × 677 + 2 × s)
= Exp(-2.8075 + 0.0062 × 677 + 2 × 0.1251)
= Exp(1.6641)
= $5.28
Bottom border of price channel:
Exp(Y465)
= Exp(a + b × X465 – 2 × s)
= Exp(a + b × 677 – 2 × s)
= Exp(-2.8075 + 0.0062 × 677 – 2 × 0.1251)
= Exp(1.1638)
= $3.20
October 24, 2025 calculations
Top border of price channel:
Exp(Y578)
= Exp(a + b × X578 + 2 × s)
= Exp(a + b × 840 + 2 × s)
= Exp(-2.8075 + 0.0062 × 840 + 2 × 0.1251)
= Exp(2.6805)
= $14.59
Bottom border of price channel:
Exp(Y578)
= Exp(a + b × X578 – 2 × s)
= Exp(a + b × 840 – 2 × s)
= Exp(-2.8075 + 0.0062 × 840 – 2 × 0.1251)
= Exp(2.1802)
= $8.85
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 873.74% per annum.
- FTRE price at the close of October 24, 2025 was $11.30 and was inside the primary price channel.
Secondary Trend
Start date: August 28, 2025
End date: October 24, 2025
a = 2.5522
b = -0.0003
s = 0.0700
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -11.01%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0700) – 1
= 32.29%
August 28, 2025 calculations
Top border of price channel:
Exp(Y538)
= Exp(a + b × X538 + 2 × s)
= Exp(a + b × 783 + 2 × s)
= Exp(2.5522 + -0.0003 × 783 + 2 × 0.0700)
= Exp(2.4418)
= $11.49
Bottom border of price channel:
Exp(Y538)
= Exp(a + b × X538 – 2 × s)
= Exp(a + b × 783 – 2 × s)
= Exp(2.5522 + -0.0003 × 783 – 2 × 0.0700)
= Exp(2.1620)
= $8.69
October 24, 2025 calculations
Top border of price channel:
Exp(Y578)
= Exp(a + b × X578 + 2 × s)
= Exp(a + b × 840 + 2 × s)
= Exp(2.5522 + -0.0003 × 840 + 2 × 0.0700)
= Exp(2.4236)
= $11.29
Bottom border of price channel:
Exp(Y578)
= Exp(a + b × X578 – 2 × s)
= Exp(a + b × 840 – 2 × s)
= Exp(2.5522 + -0.0003 × 840 – 2 × 0.0700)
= Exp(2.1438)
= $8.53
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 11.01% per annum.
- FTRE price at the close of October 24, 2025 was higher than the top border of the secondary price channel by $0.01 (0.12%). This indicates a possible reversal in the secondary trend direction.