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Forge Global Holdings Inc (NYSE: FRGE) closed the day trading at $1.22 down -9.63% from the previous closing price of $1.35. In other words, the price has decreased by -$9.63 from its previous closing price. On the day, 0.76 million shares were traded. FRGE stock price reached its highest trading level at $1.355 during the session, while it also had its lowest trading level at $1.2.
Ratios:
For a better understanding of FRGE, let’s 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 Jul 23 ’24 when Rodriques Kelly sold 66,162 shares for $1.46 per share. The transaction valued at 96,345 led to the insider holds 9,189,144 shares of the business.
Rodriques Kelly sold 65,109 shares of FRGE for $94,792 on Jul 22 ’24. The Chief Executive Officer now owns 9,255,306 shares after completing the transaction at $1.46 per share. On Jul 15 ’24, another insider, Rodriques Kelly, who serves as the Chief Executive Officer of the company, sold 150,000 shares for $1.42 each. As a result, the insider received 213,240 and left with 9,320,415 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 220868800 and an Enterprise Value of 97244152. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 1.322 whereas that against EBITDA is -1.09.
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 $1.31. The 50-Day Moving Average of the stock is -19.18%, while the 200-Day Moving Average is calculated to be -42.99%.
Shares Statistics:
Over the past 3-months, FRGE traded about 439.19K shares per day on average, while over the past 10 days, FRGE traded about 348400 shares per day. A total of 176.90M shares are outstanding, with a floating share count of 106.28M. Insiders hold about 41.30% of the company’s shares, while institutions hold 25.57% stake in the company. Shares short for FRGE as of 1721001600 were 4904207 with a Short Ratio of 11.17, compared to 1718323200 on 4873544. Therefore, it implies a Short% of Shares Outstanding of 4904207 and a Short% of Float of 4.5.
