At the time of writing, Forge Global Holdings Inc [FRGE] stock is trading at $0.62, up 7.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The FRGE shares have gain 6.24% over the last week, with a monthly amount drifted -33.27%, 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.
For the past year, the stock price of Forge Global Holdings Inc fluctuated between $0.55 and $3.56. 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 $0.62 at the most recent close of the market. An investor can expect a potential return of 948.39% based on the average FRGE price forecast.
Analyzing the FRGE fundamentals
According to Forge Global Holdings Inc [NYSE:FRGE], the company’s sales were 79.33M for trailing twelve months, which represents an -2.47% plunge. Gross Profit Margin for this corporation currently stands at -0.6% with Operating Profit Margin at -1.06%, Pretax Profit Margin comes in at -0.84%, and Net Profit Margin reading is -0.84%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.28 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 0.5572 points at the first support level, and at 0.4951 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6943, and for the 2nd resistance point, it is at 0.7693.
Ratios To Look Out For
It is important to note that Forge Global Holdings Inc [NYSE:FRGE] has a current ratio of 4.74. On the other hand, the Quick Ratio is 4.74, and the Cash Ratio is 4.18. Considering the valuation of this stock, the price to sales ratio is 1.47, the price to book ratio is 0.52.
Transactions by insiders
Recent insider trading involved Phillips Jennifer, Chief Revenue & Growth Officer, that happened on Feb 18 ’25 when 0.16 million shares were sold. Officer, Phillips Jennifer completed a deal on Feb 18 ’25 to buy 0.16 million shares. Meanwhile, Chief Executive Officer Rodriques Kelly sold 50000.0 shares on Jan 15 ’25.
