We Analyzed the Future Direction of ForgeRock Inc. (FORG), Here is What We Found – News Heater
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We Analyzed the Future Direction of ForgeRock Inc. (FORG), Here is What We Found

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ForgeRock Inc. (NYSE:FORG) went up by 17.59% from its latest closing price compared to the recent 1-year high of $48.88. The company’s stock price has collected -7.40% of loss in the last five trading sessions. Press Release reported on 11/17/21 that ForgeRock Announces Partial Early Lock-up Release

Is It Worth Investing in ForgeRock Inc. (NYSE :FORG) Right Now?

Opinions of the stock are interesting as 6 analysts out of 8 who provided ratings for ForgeRock Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”


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The average price from analysts is $38.50, which is $9.36 above the current price. FORG currently public float of 12.65M and currently shorts hold a 8.33% ratio of that float. Today, the average trading volume of FORG was 864.80K shares.

FORG’s Market Performance

The volatility ratio for the week stands at 13.93% while the volatility levels for the past 30 days are set at 10.92% for ForgeRock Inc.. The simple moving average for the period of the last 20 days is -1.52% for FORG stocks with a simple moving average of -12.92% for the last 200 days.

Analysts’ Opinion of FORG

Many brokerage firms have already submitted their reports for FORG stocks, with Truist repeating the rating for FORG by listing it as a “Buy.” The predicted price for FORG in the upcoming period, according to Truist is $38 based on the research report published on October 11th of the current year 2021.

Piper Sandler, on the other hand, stated in their research note that they expect to see FORG reach a price target of $38. The rating they have provided for FORG stocks is “Overweight” according to the report published on October 11th, 2021.

Morgan Stanley gave a rating of “Equal-Weight” to FORG, setting the target price at $35 in the report published on October 11th of the current year.

FORG Trading at -12.92% from the 50-Day Moving Average

After a stumble in the market that brought FORG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.38% of loss for the given period.

Volatility was left at 10.92%, however, over the last 30 days, the volatility rate increased by 13.93%, as shares surge +6.12% for the moving average over the last 20 days.

During the last 5 trading sessions, FORG fell by -7.40%, in comparison to the 20-day moving average, which settled at $29.67. In addition, ForgeRock Inc. saw -20.16% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for FORG

Current profitability levels for the company are sitting at:

  • -25.14 for the present operating margin
  • +83.29 for the gross margin

The net margin for ForgeRock Inc. stands at -32.75. The total capital return value is set at -64.48, while invested capital returns managed to touch -84.18.

Based on ForgeRock Inc. (FORG), the company’s capital structure generated 95.33 points at debt to equity in total, while total debt to capital is 48.81.

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The receivables turnover for the company is 2.86 and the total asset turnover is 0.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.

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