FTRE vs. RDNT, GH, VCYT, CDNA, VRDN, CSTL, FLGT, CELC, SERA, and BDSX
Should you be buying Fortrea stock or one of its competitors? The main competitors of Fortrea include RadNet (RDNT), Guardant Health (GH), Veracyte (VCYT), CareDx (CDNA), Viridian Therapeutics (VRDN), Castle Biosciences (CSTL), Fulgent Genetics (FLGT), Celcuity (CELC), Sera Prognostics (SERA), and Biodesix (BDSX). These companies are all part of the "medical laboratories" industry.
Fortrea (NASDAQ:FTRE) and RadNet (NASDAQ:RDNT) are both mid-cap medical companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, media sentiment, risk, valuation, community ranking, institutional ownership, profitability, dividends and analyst recommendations.
RadNet received 333 more outperform votes than Fortrea when rated by MarketBeat users. Likewise, 65.70% of users gave RadNet an outperform vote while only 42.11% of users gave Fortrea an outperform vote.
77.9% of RadNet shares are held by institutional investors. 0.1% of Fortrea shares are held by insiders. Comparatively, 5.1% of RadNet shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
RadNet has a net margin of 1.28% compared to Fortrea's net margin of -4.11%. RadNet's return on equity of 5.05% beat Fortrea's return on equity.
Fortrea currently has a consensus target price of $33.50, suggesting a potential upside of 32.31%. RadNet has a consensus target price of $57.25, suggesting a potential downside of 3.65%. Given Fortrea's higher probable upside, analysts clearly believe Fortrea is more favorable than RadNet.
In the previous week, Fortrea had 9 more articles in the media than RadNet. MarketBeat recorded 14 mentions for Fortrea and 5 mentions for RadNet. RadNet's average media sentiment score of 1.31 beat Fortrea's score of 0.73 indicating that RadNet is being referred to more favorably in the news media.
RadNet has lower revenue, but higher earnings than Fortrea. Fortrea is trading at a lower price-to-earnings ratio than RadNet, indicating that it is currently the more affordable of the two stocks.
Summary
RadNet beats Fortrea on 12 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding FTRE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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