The price of Forge Global Holdings Inc (NYSE: FRGE) closed at $2.35 in the last session, up 8.80% from day before closing price of $2.16. In other words, the price has increased by $+0.1900 from its previous closing price. On the day, 1287103 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 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:
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 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:
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 421.82M and an Enterprise Value of 274.63M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.04 while its Price-to-Book (P/B) ratio in mrq is 1.58. Its current Enterprise Value per Revenue stands at 3.96 whereas that against EBITDA is -3.38.
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 1.9600, while the 200-Day Moving Average is calculated to be 2.4358.
Shares Statistics:
According to the various share statistics, FRGE traded on average about 795.76K shares per day over the past 3-months and 1.77M shares per day over the past 10 days. A total of 176.90M shares are outstanding, with a floating share count of 102.23M. Insiders hold about 43.05% of the company’s shares, while institutions hold 27.61% stake in the company. Shares short for FRGE as of Mar 15, 2024 were 3.22M with a Short Ratio of 4.04, compared to 3.32M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.82% and a Short% of Float of 2.72%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. 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 analysts recommending between -$0.12 and -$0.38.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $19.2M. It ranges from a high estimate of $20M to a low estimate of $17.8M. As of the current estimate, Forge Global Holdings Inc’s year-ago sales were $17.19M, an estimated increase of 11.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $21.63M, an increase of 28.70% over than the figure of $11.70% in the same quarter last year. 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 $102.3M, while the lowest revenue estimate was $78.77M, resulting in an average revenue estimate of $91.42M. In the same quarter a year ago, actual revenue was $69.82M, up 30.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $128.54M in the next fiscal year. The high estimate is $168.8M and the low estimate is $92.67M. The average revenue growth estimate for next year is up 40.60% from the average revenue estimate for this year.
