In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Forge Global Holdings Inc (NYSE: FRGE) was $0.87 for the day, down -8.53% from the previous closing price of $0.95. In other words, the price has decreased by -$8.53 from its previous closing price. On the day, 1.39 million shares were traded. FRGE stock price reached its highest trading level at $0.973 during the session, while it also had its lowest trading level at $0.87.
Ratios:
Our analysis of FRGE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.37 and its Current Ratio is at 5.37. In the meantime, Its Debt-to-Equity ratio is 0.07 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.UBS initiated its Neutral rating on November 30, 2022, with a $1.75 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 18 ’24 when Phillips Jennifer sold 1,400 shares for $1.00 per share. The transaction valued at 1,400 led to the insider holds 724,591 shares of the business.
Rodriques Kelly sold 25,000 shares of FRGE for $25,945 on Dec 16 ’24. The Chief Executive Officer now owns 8,153,110 shares after completing the transaction at $1.04 per share. On Dec 17 ’24, another insider, Rodriques Kelly, who serves as the Chief Executive Officer of the company, sold 25,000 shares for $0.99 each. As a result, the insider received 24,628 and left with 8,128,110 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 160961296 and an Enterprise Value of 57010920. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 0.714 whereas that against EBITDA is -0.693.
Stock Price History:
The Beta on a monthly basis for FRGE is 2.33, which has changed by -0.6411321 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, FRGE has reached a high of $3.56, while it has fallen to a 52-week low of $0.80. The 50-Day Moving Average of the stock is -15.53%, while the 200-Day Moving Average is calculated to be -39.45%.
Shares Statistics:
FRGE traded an average of 583.83K shares per day over the past three months and 560530 shares per day over the past ten days. A total of 184.32M shares are outstanding, with a floating share count of 112.60M. Insiders hold about 39.14% of the company’s shares, while institutions hold 25.71% stake in the company. Shares short for FRGE as of 1734048000 were 3056194 with a Short Ratio of 5.23, compared to 1731628800 on 2917494. Therefore, it implies a Short% of Shares Outstanding of 3056194 and a Short% of Float of 2.71.
