Forge Global Holdings Inc (NYSE:FRGE) currently has a daily average trading volume of 63.91K but it saw 307283 shares traded in last market. With a market cap of 109.00M USD, the company’s current market price of $8.69 came rising about 0.58 while comparing to the previous closing price of $8.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $31.65 and as low as $6.60. In the recent trading on the day, stock has struck highest price mark of $8.32 while lowest mark touched by it was $9.32.
Taking a look at 20-day trading activity of Forge Global Holdings Inc (FRGE) gives us an average price of $9.24, while its current price level is -72.54% below from 52-week high level whereas it is 31.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.77 while that of 200 days or SMA-200 reads an average of $15.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 28.47% during that period while stretching the period over a month that decreases to 16.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.89 which implies that the stock is in neutral territory.
UBS upgraded its recommendation for the stock as a “Buy” from “Neutral” on September 03, 2024 while assigning a price target of $3.
Over the week, FRGE’s stock price is moving 1.57% up while it is -2.60% when we observe its performance for the past one month. Year-to-date it is -37.77% down and over the past year, the stock is showing a downside performance of -67.64%.
The company is expected to be releasing its next quarterly report on 2025-Mar-04, for which analysts forecasted an EPS of -0.71 while estimate for next year EPS is -2.55. In next quarter, company is expected to be making quarterly sales of $22.89M as analysts are expecting the sales for current fiscal year at $97.02M and seeing the company making $120.66M in sales next year. Moreover, analysts are in estimates of $24.99M for current-quarter revenue.
Currently, Forge Global Holdings Inc’s total number of outstanding shares is 12.43M. Company’s return on investment (ROI) stands at -28.26% and return on equity (ROE) at -27.24%. Stock’s beta reads 2.27. Stock has a price to book (P/B) ratio of 0.48 while price to sale or P/S ratio amounts to 1.37. Its return on asset (ROA) is -23.10% on average.
