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

Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.

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.


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.

Most Popular

[the_ad id="945"]