Constellation Energy and Vistra stock surge after PJM capacity auction results
In a remarkable display of market confidence, Formula Systems (1985) Ltd (NASDAQ:FORTY) stock has soared to a 52-week high, reaching a price level of $100.0 USD. According to InvestingPro analysis, while the stock's RSI suggests overbought conditions, the company maintains a GREAT financial health score of 3.04, trading at a P/E ratio of 19.8x. This peak reflects a significant uptrend for the company, which has seen an impressive 1-year change of 37.68%. Investors have shown increasing enthusiasm for Formula Systems' prospects, propelling the stock to new heights over the past year. The company's performance, marked by 2.6% revenue growth and a 12-year history of consistent dividends, underscores its strong market position. InvestingPro analysis reveals 7 additional key insights about FORTY's potential, available to subscribers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.