Deeper Dive: Understanding Forge Global Holdings Inc (FRGE) Through its Various Ratios

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The price of Forge Global Holdings Inc (NYSE: FRGE) closed at $1.79 in the last session, down -7.73% from day before closing price of $1.94. In other words, the price has decreased by -$7.73 from its previous closing price. On the day, 0.53 million shares were traded. FRGE stock price reached its highest trading level at $1.99 during the session, while it also had its lowest trading level at $1.78.

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 6.16 and its Current Ratio is at 6.16. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.

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 May 02 ’24 when Rodriques Kelly sold 14,254 shares for $1.93 per share. The transaction valued at 27,539 led to the insider holds 10,387,708 shares of the business.

Rodriques Kelly sold 35,746 shares of FRGE for $67,328 on May 01 ’24. The Chief Executive Officer now owns 10,401,962 shares after completing the transaction at $1.88 per share. On Apr 16 ’24, another insider, Rodriques Kelly, who serves as the Chief Executive Officer of the company, sold 20,803 shares for $1.84 each. As a result, the insider received 38,194 and left with 10,437,708 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 322933888 and an Enterprise Value of 233217776. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.39 while its Price-to-Book (P/B) ratio in mrq is 1.28. Its current Enterprise Value per Revenue stands at 3.169 whereas that against EBITDA is -2.629.

Stock Price History:

The Beta on a monthly basis for FRGE is 2.53, which has changed by 0.21249998 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. 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 -9.91%, while the 200-Day Moving Average is calculated to be -24.77%.

Shares Statistics:

According to the various share statistics, FRGE traded on average about 832.74K shares per day over the past 3-months and 432450 shares per day over the past 10 days. A total of 176.90M shares are outstanding, with a floating share count of 104.72M. Insiders hold about 41.95% of the company’s shares, while institutions hold 27.55% stake in the company. Shares short for FRGE as of 1713139200 were 4345740 with a Short Ratio of 5.22, compared to 1710460800 on 3218461. Therefore, it implies a Short% of Shares Outstanding of 4345740 and a Short% of Float of 4.03.

Earnings Estimates

Current recommendations for the stock of the company come from 6.0 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.12, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.1 and low estimates of -$0.11.

Analysts are recommending an EPS of between -$0.35 and -$0.44 for the fiscal current year, implying an average EPS of -$0.4. EPS for the following year is -$0.29, with 6.0 analysts recommending between -$0.12 and -$0.38.

Revenue Estimates

According to 6 analysts, the current quarter’s revenue is expected to be $19.24M. It ranges from a high estimate of $20M to a low estimate of $17.7M. As of the current estimate, Forge Global Holdings Inc’s year-ago sales were $17.19MFor the next quarter, 6 analysts are estimating revenue of $21.59M. There is a high estimate of $23M for the next quarter, whereas the lowest estimate is $19.19M.

A total of 6 analysts have provided revenue estimates for FRGE’s current fiscal year. The highest revenue estimate was $101.3M, while the lowest revenue estimate was $78.77M, resulting in an average revenue estimate of $91.25M. In the same quarter a year ago, actual revenue was $69.82MBased on 6 analysts’ estimates, the company’s revenue will be $128.14M in the next fiscal year. The high estimate is $166.4M and the low estimate is $92.67M.

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