Forge Global Holdings Inc (NYSE: FRGE) is -34.40% lower on its value in year-to-date trading and has touched a low of $1.10 and a high of $4.02 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FRGE stock was last observed hovering at around $2.21 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.25, the stock is 8.07% and 14.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 1.81% at the moment leaves the stock -7.62% off its SMA200. FRGE registered 38.04% gain for a year compared to 6-month loss of 1.35%. The firm has a 50-day simple moving average (SMA 50) of $3.70 and a 200-day simple moving average (SMA200) of -$3.16.
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The stock witnessed a 17.19% gain in the last 1 month and extending the period to 3 months gives it a -14.77%, and is 13.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.39% over the week and 13.44% over the month.
Forge Global Holdings Inc (FRGE) has around 345 employees, a market worth around $403.88M and $69.82M in sales. Profit margin for the company is -129.22%. Distance from 52-week low is 104.55% and -44.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.19%).
Forge Global Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $19.18M over the same period.The EPS is expected to grow by 22.29% this year, but quarterly earnings will post 30.70% year-over-year. Quarterly sales are estimated to grow 11.60% in year-over-year returns.
114 institutions hold shares in Forge Global Holdings Inc (FRGE), with institutional investors hold 59.55% of the company’s shares. The shares outstanding are 176.90M, and float is at 104.05M with Short Float at 3.87%. Institutions hold 42.41% of the Float.
The top institutional shareholder in the company is Rob Exploration LLC with over 24.23 million shares valued at $49.19 million. The investor’s holdings represent 13.90% of the FRGE Shares outstanding. As of Jun 29, 2023, the second largest holder is Temasek Holdings (Private) Limited with 8.61 million shares valued at $20.92 million to account for 4.94% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.47 million shares representing 4.29% and valued at over $18.16 million, while Vanguard Group Inc holds 2.95% of the shares totaling 5.14 million with a market value of $12.5 million.
Forge Global Holdings Inc (FRGE) Insider Activity
The most recent transaction is an insider sale by Rodriques Kelly, the company’s Chief Executive Officer. SEC filings show that Rodriques Kelly sold 25,000 shares of the company’s common stock on Apr 02 ’24 at a price of $1.73 per share for a total of $43260.0. Following the sale, the insider now owns 10.59 million shares.
Forge Global Holdings Inc disclosed in a document filed with the SEC on Apr 01 ’24 that Rodriques Kelly (Chief Executive Officer) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $1.84 per share for $46040.0. Following the transaction, the insider now directly holds 10.61 million shares of the FRGE stock.
Still, SEC filings show that on Mar 04 ’24, Rodriques Kelly (Chief Executive Officer) disposed off 27,566 shares at an average price of $1.98 for $54462.0. The insider now directly holds 10,925,610 shares of Forge Global Holdings Inc (FRGE).
