Market Recap Check: Forge Global Holdings Inc (FRGE)’s Negative Finish at 0.88, Up/Down -3.29

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The price of Forge Global Holdings Inc (NYSE: FRGE) closed at $0.88 in the last session, down -3.29% from day before closing price of $0.91. In other words, the price has decreased by -$3.29 from its previous closing price. On the day, 0.28 million shares were traded. FRGE stock price reached its highest trading level at $0.9248 during the session, while it also had its lowest trading level at $0.8799.

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 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:

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 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 162792928 and an Enterprise Value of 71799424. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.04 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 0.9 whereas that against EBITDA is -0.873.

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 $0.80. The 50-Day Moving Average of the stock is -18.98%, while the 200-Day Moving Average is calculated to be -40.22%.

Shares Statistics:

According to the various share statistics, FRGE traded on average about 551.58K shares per day over the past 3-months and 720500 shares per day over the past 10 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 25.69% stake in the company. Shares short for FRGE as of 1732838400 were 3184019 with a Short Ratio of 5.77, compared to 1730332800 on 3643730. Therefore, it implies a Short% of Shares Outstanding of 3184019 and a Short% of Float of 2.8199999.

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