A share price of Forge Global Holdings Inc [FRGE] is currently trading at $0.80, down -1.56%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FRGE shares have gain 5.27% over the last week, with a monthly amount drifted -24.77%, and not 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 January 07, 2025, when JP Morgan downgraded its rating to a Underweight. Previously, UBS upgraded its rating to Buy on September 03, 2024, and kept the price target unchanged to $3. On January 05, 2023, JP Morgan initiated with a Neutral rating. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $1.75 on November 30, 2022. Piper Sandler initiated its recommendation with a Neutral and recommended $1.75 as its price target on November 22, 2022. In a note dated August 26, 2022, JMP Securities initiated an Mkt Outperform rating and provided a target price of $10 on this stock.
Forge Global Holdings Inc experienced fluctuations in its stock price throughout the past year between $0.70 and $3.56. 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 $0.80 at the most recent close of the market. An investor can expect a potential return of 275.0% based on the average FRGE price forecast.
Analyzing the FRGE fundamentals
Trailing Twelve Months sales for Forge Global Holdings Inc [NYSE:FRGE] were 79.80M which represents 3.52% growth. 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 0.07.
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 0.7735 points at the first support level, and at 0.7497 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8377, and for the 2nd resistance point, it is at 0.8781.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Forge Global Holdings Inc [NYSE:FRGE] is 5.37. Also, the Quick Ratio is 5.37, while the Cash Ratio stands at 4.75. Considering the valuation of this stock, the price to sales ratio is 1.85, the price to book ratio is 0.63.
Transactions by insiders
Recent insider trading involved Rodriques Kelly, Officer, that happened on Jan 15 ’25 when 50000.0 shares were purchased. Chief Revenue & Growth Officer, Phillips Jennifer completed a deal on Dec 18 ’24 to sell 1400.0 shares. Meanwhile, Chief Executive Officer Rodriques Kelly sold 25000.0 shares on Dec 16 ’24.
