Evaluating the Ups and Downs of Forge Global Holdings Inc’s (FRGE) Stock

In the past week, FRGE stock has gone down by -30.57%, with a monthly decline of -8.00% and a quarterly plunge of -46.04%. The volatility ratio for the week is 13.04%, and the volatility levels for the last 30 days are 10.81% for Forge Global Holdings Inc The simple moving average for the past 20 days is -7.70% for FRGE’s stock, with a -24.37% simple moving average for the past 200 days.

Is It Worth Investing in Forge Global Holdings Inc (NYSE: FRGE) Right Now?

Additionally, the 36-month beta value for FRGE is 2.59. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for FRGE is 101.76M and currently, short sellers hold a 3.16% ratio of that float. The average trading volume of FRGE on April 04, 2024 was 738.07K shares.

FRGE) stock’s latest price update

Forge Global Holdings Inc (NYSE: FRGE)’s stock price has gone rise by 9.52 in comparison to its previous close of 1.68, however, the company has experienced a -30.57% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-03-26 that Forge Global Holdings, Inc. (FRGE) Q4 2023 Earnings Call Transcript

Analysts’ Opinion of FRGE

UBS, on the other hand, stated in their research note that they expect to see FRGE reach a price target of $1.75. The rating they have provided for FRGE stocks is “Neutral” according to the report published on November 30th, 2022.

Piper Sandler gave a rating of “Neutral” to FRGE, setting the target price at $1.75 in the report published on November 22nd of the previous year.

FRGE Trading at -4.93% 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 -54.23% of loss for the given period.

Volatility was left at 10.81%, however, over the last 30 days, the volatility rate increased by 13.04%. Over the last 50 days, in opposition, the stock is trading -3.66% lower at present.

During the last 5 trading sessions, FRGE fell by -30.57%, which changed the moving average for the period of 200-days by -4.66% in comparison to the 20-day moving average, which settled at $1.9935. In addition, Forge Global Holdings Inc saw -46.36% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FRGE starting from Rodriques Kelly, who sale 25,000 shares at the price of $1.73 back on Apr 02 ’24. After this action, Rodriques Kelly now owns 10,589,550 shares of Forge Global Holdings Inc, valued at $43,260 using the latest closing price.

Rodriques Kelly, the Chief Executive Officer of Forge Global Holdings Inc, sale 25,000 shares at $1.84 during a trade that took place back on Apr 01 ’24, which means that Rodriques Kelly is holding 10,614,550 shares at $46,040 based on the most recent closing price.

Stock Fundamentals for FRGE

Current profitability levels for the company are sitting at:

  • -1.31 for the present operating margin
  • -0.9 for the gross margin

The net margin for Forge Global Holdings Inc stands at -1.3. The total capital return value is set at -0.32. Equity return is now at value -30.96, with -26.75 for asset returns.

Based on Forge Global Holdings Inc (FRGE), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -5.11. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -20.99.

Currently, EBITDA for the company is -80.74 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 2.81. The receivables turnover for the company is 17.11for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.74.

Conclusion

In conclusion, Forge Global Holdings Inc (FRGE) has seen bad 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.

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