Forge Global Holdings Inc [FRGE] stock is trading at $1.11, up 14.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The FRGE shares have gain 32.57% over the last week, with a monthly amount drifted -7.50%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Forge Global Holdings Inc [NYSE: FRGE] stock has seen the most recent analyst activity on September 03, 2024, when UBS upgraded its rating to a Buy but kept the price target unchanged to $3 for it. On November 30, 2022, UBS initiated with a Neutral rating and assigned a price target of $1.75 on the stock. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $1.75 on November 22, 2022. William Blair initiated its recommendation with a Mkt Perform. JMP Securities started tracking with a Mkt Outperform rating for this stock on August 26, 2022, and assigned it a price target of $10.
Forge Global Holdings Inc [FRGE] stock has fluctuated between $0.80 and $4.02 over the past year. Currently, Wall Street analysts expect the stock to reach $6.5 within the next 12 months. Forge Global Holdings Inc [NYSE: FRGE] shares were valued at $1.11 at the most recent close of the market. An investor can expect a potential return of 485.59% based on the average FRGE price forecast.
Analyzing the FRGE fundamentals
Forge Global Holdings Inc [NYSE:FRGE] reported sales of 79.80M for the trailing twelve months, which represents a growth of 3.52%. Gross Profit Margin for this corporation currently stands at -0.63% with Operating Profit Margin at -1.1%, Pretax Profit Margin comes in at -0.97%, and Net Profit Margin reading is -0.96%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.31 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.0133 points at the first support level, and at 0.9167 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1633, and for the 2nd resistance point, it is at 1.2167.
Ratios To Look Out For
For context, Forge Global Holdings Inc’s Current Ratio is 5.37. On the other hand, the Quick Ratio is 5.37, and the Cash Ratio is 4.75. Considering the valuation of this stock, the price to sales ratio is 2.95, the price to book ratio is 0.87.
Transactions by insiders
Recent insider trading involved Phillips Jennifer, Officer, that happened on Nov 21 ’24 when 18829.0 shares were purchased. Chief Executive Officer, Rodriques Kelly completed a deal on Nov 15 ’24 to sell 25000.0 shares. Meanwhile, Chief Executive Officer Rodriques Kelly sold 25000.0 shares on Nov 18 ’24.
