At the time of writing, Forge Global Holdings Inc [FRGE] stock is trading at $1.19, up 12.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The FRGE shares have gain 19.00% over the last week, with a monthly amount glided 5.31%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Forge Global Holdings Inc fluctuated between $0.80 and $4.02. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Forge Global Holdings Inc [NYSE: FRGE] shares were valued at $1.19 at the most recent close of the market. An investor can expect a potential return of 152.1% based on the average FRGE price forecast.
Analyzing the FRGE fundamentals
According to Forge Global Holdings Inc [NYSE:FRGE], the company’s sales were 79.80M for trailing twelve months, which represents an 3.52% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 1.0700 points at the first support level, and at 0.9500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2800, and for the 2nd resistance point, it is at 1.3700.
Ratios To Look Out For
It is important to note that Forge Global Holdings Inc [NYSE:FRGE] has a current ratio of 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 3.03, the price to book ratio is 0.94.
Transactions by insiders
Recent insider trading involved Rodriques Kelly, Officer, that happened on Dec 09 ’24 when 65000.0 shares were purchased. Chief Executive Officer, Rodriques Kelly completed a deal on Dec 09 ’24 to sell 65000.0 shares. Meanwhile, Chief Executive Officer Rodriques Kelly sold 25634.0 shares on Dec 05 ’24.
