Forge Global Holdings Inc (NYSE: FRGE) closed the day trading at $2.02 down -10.22% from the previous closing price of $2.25. On the day, 910404 shares were traded.
Ratios:
For a better understanding of FRGE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.74 and its Current Ratio is at 6.74. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 02 ’24 when Rodriques Kelly sold 25,000 shares for $1.73 per share. The transaction valued at 43,260 led to the insider holds 10,589,550 shares of the business.
Rodriques Kelly sold 25,000 shares of FRGE for $46,040 on Apr 01 ’24. The Chief Executive Officer now owns 10,614,550 shares after completing the transaction at $1.84 per share. On Mar 04 ’24, another insider, Rodriques Kelly, who serves as the Chief Executive Officer of the company, sold 27,566 shares for $1.98 each. As a result, the insider received 54,462 and left with 10,925,610 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.19 while its Price-to-Book (P/B) ratio in mrq is 1.36.
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.
Shares Statistics:
A total of 176.90M shares are outstanding, with a floating share count of 104.05M. Insiders hold about 42.04% of the company’s shares, while institutions hold 27.61% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Forge Global Holdings, Inc. analysts. The consensus estimate for the next quarter is $33.10, with high estimates of $0.95 and low estimates of $4.83.
Analysts are recommending an EPS of between $Technology and $Consumer Defensive for the fiscal current year, implying an average EPS of $Financial Services.
