After finishing at $2.08 in the prior trading day, Forge Global Holdings Inc (NYSE: FRGE) closed at $1.93, down -7.21%. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 1188878 shares were traded.
Ratios:
Our goal is to gain a better understanding of FRGE by taking a closer 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 Mar 04 ’24 when Rodriques Kelly sold 27,566 shares for $1.98 per share. The transaction valued at 54,462 led to the insider holds 10,925,610 shares of the business.
Rodriques Kelly sold 22,434 shares of FRGE for $44,969 on Mar 01 ’24. The Chief Executive Officer now owns 10,953,176 shares after completing the transaction at $2.00 per share. On Feb 07 ’24, another insider, Rodriques Kelly, who serves as the Chief Executive Officer of the company, sold 25,182 shares for $1.64 each. As a result, the insider received 41,261 and left with 10,114,325 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 346.43M and an Enterprise Value of 199.24M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.96 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 2.87 whereas that against EBITDA is -2.45.
Stock Price History:
The Beta on a monthly basis for FRGE is 2.58, which has changed by 22.15% over the last 52 weeks, in comparison to a change of 27.39% 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 1.9406, while the 200-Day Moving Average is calculated to be 2.4334.
Shares Statistics:
The stock has traded on average 703.08K shares per day over the past 3-months and 2.24M shares per day over the last 10 days, according to various share statistics. A total of 176.90M shares are outstanding, with a floating share count of 101.76M. Insiders hold about 43.31% 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 4.58, 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
Its stock is currently analyzed by 6 different market 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 analysts recommending between -$0.12 and -$0.38.
Revenue Estimates
6 analysts predict $19.98M in revenue for the current quarter. It ranges from a high estimate of $24.1M 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 16.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $22.18M, an increase of 32.00% over than the figure of $16.20% in the same quarter last year. There is a high estimate of $24.47M 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 $93.63M. In the same quarter a year ago, actual revenue was $69.82M, up 34.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $130.18M 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 39.00% from the average revenue estimate for this year.
