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After finishing at $1.60 in the prior trading day, Forge Global Holdings Inc (NYSE: FRGE) closed at $1.58, down -1.25%. In other words, the price has decreased by -$1.25 from its previous closing price. On the day, 2.33 million shares were traded. FRGE stock price reached its highest trading level at $1.59 during the session, while it also had its lowest trading level at $1.52.
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 6.16 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:
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 May 23 ’24 when Rodriques Kelly sold 26,238 shares for $1.73 per share. The transaction valued at 45,352 led to the insider holds 10,284,336 shares of the business.
Rodriques Kelly sold 33,762 shares of FRGE for $61,116 on May 22 ’24. The Chief Executive Officer now owns 10,310,574 shares after completing the transaction at $1.81 per share. On May 02 ’24, another insider, Rodriques Kelly, who serves as the Chief Executive Officer of the company, sold 14,254 shares for $1.93 each. As a result, the insider received 27,539 and left with 10,387,708 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 286043200 and an Enterprise Value of 162418656. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.89 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 2.207 whereas that against EBITDA is -1.82.
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 $1.32. The 50-Day Moving Average of the stock is -18.63%, while the 200-Day Moving Average is calculated to be -31.14%.
Shares Statistics:
The stock has traded on average 854.48K shares per day over the past 3-months and 642500 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 105.26M. Insiders hold about 41.86% of the company’s shares, while institutions hold 26.84% stake in the company. Shares short for FRGE as of 1715731200 were 4723346 with a Short Ratio of 5.53, compared to 1713139200 on 4345740. Therefore, it implies a Short% of Shares Outstanding of 4723346 and a Short% of Float of 4.34.
