Forrester Research (NASDAQ:FORR) stock identified change of 53.67% away from 52-week low price and recently located move of -32.31% off 52-week high price. It has market worth of $597.89M. FORR stock has been recorded 10.16% away from 50 day moving average and -5.99% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.60% off 20-day moving average.
On May 07, 2020, Forrester Research (NASDAQ:FORR) disclosed its 2020 first-quarter financial results and updated its financial outlook for the full year 2020.
First-Quarter Financial Performance
Total revenues were $106.3 million for the first quarter of 2020, compared with $100.6 million for the first quarter of 2019. Research revenues increased 6%, and advisory services and events revenues increased 5%, compared with the first quarter of 2019. Pro forma revenues, which exclude the fair value adjustment to deferred revenue from the acquisition of SiriusDecisions, were $106.5 million for the first quarter of 2020, compared with $104.6 million for the first quarter of 2019.
Forrester, like many businesses, experienced a slowdown in revenues in Q1, said George F. Colony, Forester’s chairman and chief executive officer. Despite growing year on year, we expect the near-term macroeconomic pressures of the global pandemic will reduce revenue and operating profit throughout 2020. As a result, we have implemented cost-reduction measures and adjusted our full-year guidance.
Looking ahead to 2021 and beyond, we believe Forrester is well positioned for long-term success, continued Colony. Given the unprecedented nature of the pandemic, clients are increasingly relying on Forrester’s fact-based research for guidance; interactions are at an all-time high. We have doubled down on our customer-obsessed research and are pioneering new products, including virtual events, to help our clients navigate uncertainty.
On a GAAP basis, net loss was $0.5 million, or $0.03 per diluted share, for the first quarter of 2020, compared with a net loss of $13.3 million, or $0.73 per diluted share, for the same period in 2019.
The Industrials sector company, Forrester Research noticed change of 3.76% to $34.5 along volume of 39479 shares in recent session compared to an average volume of 64.13K. The stock observed return of 10.22% in 5 days trading activity. The stock was at 27.68% over one month performance. FORR’s shares are at -20.82% for the quarter and driving a -30.33% return over the course of the past year and is now at -17.27% since this point in 2018.
The average volatility for the week at 8.31% and for month was at 7.60%. There are 17.33M shares outstanding and 10.85M shares are floated in market. Right now the stock beta is 0.94.