Foraco International SA's stock has seen notable gains this week, with a 7.87% increase over the past five trading days.
Foraco International SA (FAR.TO) has recently reported significant financial results, contributing to its upward momentum in the market. Hereโs a closer look at the latest developments affecting the stock and its technical standing.
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Foraco International SA
FAR.TO
FAR.TO
Foraco International SA
WealthAwesomeMarket cap
$276.22M
P/E
16.6x
52W high
$3.54
52W low
$1.90
1W change
+7.87%
Beta
1.17
Analyst Price Targets
Based on analyst covering FAR
Wall Street analysts forecast FAR stock price to rise 64.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.75
+64.9% Upside
Current Price
C$2.88
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FAR's historical volatility
30-Day Vol
59.7%
Annualized
90-Day Vol
52.1%
Annualized
Trend (90d)
-18.5%
Annualized drift
90d Mean
C$2.70
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$2.82 | C$2.29 โ C$3.46 |
| 60 trading days | C$2.76 | C$2.06 โ C$3.69 |
| 90 trading days | C$2.70 | C$1.89 โ C$3.85 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors may find Foraco's recent performance and growth in revenue and backlog encouraging, despite fluctuations in its quarterly results over the past year.
Foraco's revenue increased 20.4% year-over-year in Q1 2026.
The company's order backlog reached US$404.4 million, an 83% increase compared to the previous year, reflecting significant growth potential.
Bull case
Foraco has demonstrated a strong year-over-year increase in its order backlog, signaling robust demand for its services, especially in North America and South America.
Bear case
Despite recent gains, the company has encountered challenges with revenue fluctuations in previous quarters, raising concerns about sustainability and future growth.
Recent Price Action
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Foraco International SA's stock closed at C$2.82, reflecting a daily increase of 0.70%. Over the past week, the stock has gained 7.87%, and year-to-date, it has shown a notable rise of 20.00%. This upward trend suggests a growing interest among investors.
Company News and Financial Performance
Foraco recently released its financial results for Q1 2026, reporting revenue of US$66.3 million, a 20.4% increase from Q1 2025. This growth was observed across various regions, particularly in Canada and the United States. The company's order backlog has reached US$404.4 million, marking an 83% year-over-year increase, which indicates strong demand for its drilling services. However, challenges were noted in previous quarters, with fluctuations in revenue due to contract completions and delays in new projects.
Technical Picture
From a technical standpoint, Foraco's stock is currently trading above its 50-day moving average of C$2.66 and its 200-day moving average of C$2.72, indicating a positive trend. The stock has a beta of 1.17, suggesting it is slightly more volatile than the market. The 52-week range for FAR.TO is C$1.90 to C$3.54, meaning it is currently trading at approximately 56% of its 52-week high. Recent trading volume was 28,092 shares, which is below the 20-day average volume of 152,885 shares, indicating a decrease in trading activity.
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