Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Formula Systems 1985 Ltd (ADR) before investing.

In this article, we go over a few key elements for understanding Formula Systems 1985 Ltd (ADR)’s stock price such as:

• Formula Systems 1985 Ltd (ADR)’s current stock price and volume
• Why Formula Systems 1985 Ltd (ADR)’s stock price changed recently
• Upgrades and downgrades for FORTY from analysts
• FORTY’s stock price momentum as measured by its relative strength

About Formula Systems 1985 Ltd (ADR) (FORTY)

Before we jump into Formula Systems 1985 Ltd (ADR)’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration. The Company operates through two segments: software services and IT professional services. The software services segment develops markets, sells and supports an application platform, software applications, business and process integration solutions, and related services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services.

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Formula Systems 1985 Ltd (ADR)’s Stock Price as of Market Close

As of May 08, 2024, 1:03 PM, CST, Formula Systems 1985 Ltd (ADR)’s stock price was $80.44.

Formula Systems 1985 Ltd (ADR) is up 4.74% from its previous closing price of $76.80.

During the last market session, Formula Systems 1985 Ltd (ADR)’s stock traded between $0.00 and $0.00. Currently, there are 15.30 million shares of Formula Systems 1985 Ltd (ADR) stock available for purchase.

Formula Systems 1985 Ltd (ADR)’s price-earnings (P/E) ratio is currently at 18.6, which is low compared to the IT Services & Consulting industry median of 27.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Formula Systems 1985 Ltd (ADR) Stock Price History

Formula Systems 1985 Ltd (ADR)’s (FORTY) price is currently up 7.54% so far this month.

During the month of May, Formula Systems 1985 Ltd (ADR)’s stock price has reached a high of $80.44 and a low of $0.00.

Over the last year, Formula Systems 1985 Ltd (ADR) has hit prices as high as $83.19 and as low as $55.97. Year to date, Formula Systems 1985 Ltd (ADR)’s stock is up 13.47%.

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What Caused Formula Systems 1985 Ltd (ADR) Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 07, 2024, there were analysts who downgraded Formula Systems 1985 Ltd (ADR)’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Formula Systems 1985 Ltd (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Formula Systems 1985 Ltd (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Formula Systems 1985 Ltd (ADR)’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Formula Systems 1985 Ltd (ADR) (FORTY) by visiting AAII Stock Evaluator.

Relative Price Strength of Formula Systems 1985 Ltd (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 07, 2024, Formula Systems 1985 Ltd (ADR) has a weighted four-quarter relative price strength of -1.65%, which translates to a Momentum Score of 59 and is considered to be Average.

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Formula Systems 1985 Ltd (ADR) Stock Price: Bottom Line

As of May 8, 2024, Formula Systems 1985 Ltd (ADR)’s stock price is $80.44, which is up 4.74% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Formula Systems 1985 Ltd (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.