The price of Forge Global Holdings Inc (NYSE: FRGE) closed at $2.65 in the last session, down -1.49% from day before closing price of $2.69. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 2968281 shares were traded.
Ratios:
We take a closer look at FRGE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 8.23 and its Current Ratio is at 8.23. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
On November 30, 2022, UBS started tracking the stock assigning a Neutral rating and target price of $1.75.
On November 22, 2022, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $1.75.Piper Sandler initiated its Neutral rating on November 22, 2022, with a $1.75 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when Rodriques Kelly sold 27,566 shares for $1.98 per share. The transaction valued at 54,462 led to the insider holds 10,925,610 shares of the business.
Rodriques Kelly sold 22,434 shares of FRGE for $44,969 on Mar 01 ’24. The Chief Executive Officer now owns 10,953,176 shares after completing the transaction at $2.00 per share. On Feb 07 ’24, another insider, Rodriques Kelly, who serves as the Chief Executive Officer of the company, sold 25,182 shares for $1.64 each. As a result, the insider received 41,261 and left with 10,114,325 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FRGE now has a Market Capitalization of 464.47M and an Enterprise Value of 310.52M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.87 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 4.62 whereas that against EBITDA is -3.67.
Stock Price History:
Over the past 52 weeks, FRGE has reached a high of $4.02, while it has fallen to a 52-week low of $1.10. The 50-Day Moving Average of the stock is 1.9520, while the 200-Day Moving Average is calculated to be 2.4332.
Shares Statistics:
According to the various share statistics, FRGE traded on average about 613.13K shares per day over the past 3-months and 1.79M shares per day over the past 10 days. A total of 172.56M shares are outstanding, with a floating share count of 99.36M. Insiders hold about 43.31% of the company’s shares, while institutions hold 28.28% stake in the company. Shares short for FRGE as of Feb 29, 2024 were 3.12M with a Short Ratio of 5.10, compared to 3.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.78% and a Short% of Float of 2.68%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.12, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.09 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.46 and -$0.49 for the fiscal current year, implying an average EPS of -$0.48. EPS for the following year is -$0.37, with 6 analysts recommending between -$0.31 and -$0.4.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $19.57M. It ranges from a high estimate of $22M to a low estimate of $17.3M. As of the current estimate, Forge Global Holdings Inc’s year-ago sales were $16.82M, an estimated increase of 16.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $22.07M, an increase of 28.40% over than the figure of $16.30% in the same quarter last year. There is a high estimate of $24.1M for the next quarter, whereas the lowest estimate is $19.7M.
A total of 6 analysts have provided revenue estimates for FRGE’s current fiscal year. The highest revenue estimate was $73M, while the lowest revenue estimate was $67.8M, resulting in an average revenue estimate of $70.19M. In the same quarter a year ago, actual revenue was $69.38M, up 1.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $98.05M in the next fiscal year. The high estimate is $114.4M and the low estimate is $82.46M. The average revenue growth estimate for next year is up 39.70% from the average revenue estimate for this year.
