Additionally, the 36-month beta value for FRGE is 2.78. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for FRGE is $4.00, which is $1.85 above the current price. The public float for FRGE is 125.84M and currently, short sellers hold a 2.68% ratio of that float. The average trading volume of FRGE on September 20, 2023 was 772.28K shares.
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FRGE) stock’s latest price update
Forge Global Holdings Inc. (NYSE: FRGE)’s stock price has increased by 8.04 compared to its previous closing price of 1.99. Seeking Alpha reported 2023-08-13 that Forge Global Holdings, Inc. (NYSE:FRGE ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Dominic Paschel – Investor Relations Kelly Rodrigues – Chief Executive Officer Mark Lee – Chief Financial Officer Conference Call Participants Owen Lau – Oppenheimer Jeffrey Schmitt – William Blair Devin Ryan – JMP Securities Ken Worthington – JPMorgan Operator Good afternoon. My name is Emma and I will be your conference operator today.
FRGE’s Market Performance
Forge Global Holdings Inc. (FRGE) has experienced a 0.00% fall in stock performance for the past week, with a -1.38% drop in the past month, and a 3.37% rise in the past quarter. The volatility ratio for the week is 5.66%, and the volatility levels for the past 30 days are at 5.73% for FRGE. The simple moving average for the past 20 days is -3.89% for FRGE’s stock, with a 12.62% simple moving average for the past 200 days.
FRGE Trading at -14.51% from the 50-Day Moving Average
After a stumble in the market that brought FRGE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.39% of loss for the given period.
Volatility was left at 5.73%, however, over the last 30 days, the volatility rate increased by 5.66%, as shares sank -2.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.28% lower at present.
During the last 5 trading sessions, FRGE remain unchanged, which changed the moving average for the period of 200-days by +55.80% in comparison to the 20-day moving average, which settled at $2.2300. In addition, Forge Global Holdings Inc. saw 24.28% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FRGE starting from Rodriques Kelly, who sale 30,000 shares at the price of $2.26 back on Sep 05. After this action, Rodriques Kelly now owns 10,638,420 shares of Forge Global Holdings Inc., valued at $67,926 using the latest closing price.
Rodriques Kelly, the Chief Executive Officer of Forge Global Holdings Inc., sale 20,000 shares at $2.38 during a trade that took place back on Sep 01, which means that Rodriques Kelly is holding 10,668,420 shares at $47,594 based on the most recent closing price.
Stock Fundamentals for FRGE
Current profitability levels for the company are sitting at:
- -186.62 for the present operating margin
- -124.87 for the gross margin
The net margin for Forge Global Holdings Inc. stands at -161.22. The total capital return value is set at -36.45, while invested capital returns managed to touch -31.93. Equity return is now at value -29.60, with -26.40 for asset returns.
Based on Forge Global Holdings Inc. (FRGE), the company’s capital structure generated 4.64 points at debt to equity in total, while total debt to capital is 4.43. Total debt to assets is 4.07, with long-term debt to equity ratio resting at 3.42. Finally, the long-term debt to capital ratio is 3.27.
When we switch over and look at the enterprise to sales, we see a ratio of 2.57, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 39.10 and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.84.
Conclusion
In conclusion, Forge Global Holdings Inc. (FRGE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
