Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Forge Global Holdings Inc (NYSE: FRGE) was $1.86 for the day, down -0.53% from the previous closing price of $1.87. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 0.91 million shares were traded. FRGE stock price reached its highest trading level at $1.89 during the session, while it also had its lowest trading level at $1.75.
Ratios:
Our analysis of FRGE’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 16 ’24 when Rodriques Kelly sold 20,803 shares for $1.84 per share. The transaction valued at 38,194 led to the insider holds 10,437,708 shares of the business.
Rodriques Kelly sold 25,000 shares of FRGE for $43,260 on Apr 02 ’24. The Chief Executive Officer now owns 10,589,550 shares after completing the transaction at $1.73 per share. On Apr 01 ’24, another insider, Rodriques Kelly, who serves as the Chief Executive Officer of the company, sold 25,000 shares for $1.84 each. As a result, the insider received 46,040 and left with 10,614,550 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 333870016 and an Enterprise Value of 191582224. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.78 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 2.744 whereas that against EBITDA is -2.21.
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 -5.64%, while the 200-Day Moving Average is calculated to be -23.26%.
Shares Statistics:
FRGE traded an average of 811.94K shares per day over the past three months and 883480 shares per day over the past ten days. A total of 176.90M shares are outstanding, with a floating share count of 104.12M. Insiders hold about 41.99% of the company’s shares, while institutions hold 27.62% stake in the company. Shares short for FRGE as of 1711584000 were 4028629 with a Short Ratio of 4.96, compared to 1709164800 on 3124633. Therefore, it implies a Short% of Shares Outstanding of 4028629 and a Short% of Float of 3.3299996999999997.
Earnings Estimates
The performance of Forge Global Holdings Inc (FRGE) in the stock market is under the watchful eye of First Merchants Corporation analysts actively contributing to its current rating.The consensus estimate for the next quarter is $1.86, with high estimates of $0.01 and low estimates of $4.83.
