Forge Global Holdings Inc [FRGE] stock prices are up 3.74% to $0.81 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FRGE shares have gain 7.94% over the last week, with a monthly amount drifted -14.84%, 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.
The stock price of Forge Global Holdings Inc [FRGE] has been fluctuating between $0.70 and $3.56 over the past year. 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 $0.81 at the most recent close of the market. An investor can expect a potential return of 270.37% based on the average FRGE price forecast.
Analyzing the FRGE fundamentals
The Forge Global Holdings Inc [NYSE:FRGE] reported sales of 79.80M for trailing twelve months, representing a surge 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. 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 0.7804 points at the first support level, and at 0.7508 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8293, and for the 2nd resistance point, it is at 0.8486.
Ratios To Look Out For
It’s worth pointing out that Forge Global Holdings Inc [NYSE:FRGE]’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 1.88, the price to book ratio is 0.64.
Transactions by insiders
Recent insider trading involved Rodriques Kelly, Chief Executive Officer, that happened on Jan 15 ’25 when 50000.0 shares were sold. Officer, Rodriques Kelly completed a deal on Jan 15 ’25 to buy 50000.0 shares. Meanwhile, Chief Revenue & Growth Officer Phillips Jennifer sold 1400.0 shares on Dec 18 ’24.
