The stock of Forge Global Holdings Inc (FRGE) has gone down by -6.44% for the week, with a -3.72% drop in the past month and a -1.59% drop in the past quarter. The volatility ratio for the week is 6.65%, and the volatility levels for the past 30 days are 7.66% for FRGE.. The simple moving average for the past 20 days is -4.21% for FRGE’s stock, with a -30.87% 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 2.38. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FRGE is 109.11M and currently, short sellers hold a 4.65% ratio of that float. The average trading volume of FRGE on September 20, 2024 was 352.98K shares.
FRGE) stock’s latest price update
Forge Global Holdings Inc (NYSE: FRGE)’s stock price has dropped by -3.02 in relation to previous closing price of 1.37. Nevertheless, the company has seen a loss of -6.44% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-08 that Forge Global’s rating is upgraded to a Buy, and this is justified by its better-than-expected Q2 results and favorable midterm profitability outlook. FRGE’s revenue growth accelerated from +24% YoY in Q1 to +33% YoY in Q2, and its actual second quarter top line translated into a +9% beat. The company anticipates that it can realize EBITDA breakeven in fiscal 2026, and this is supported by its recently announced workforce optimization plan.
Analysts’ Opinion of FRGE
Many brokerage firms have already submitted their reports for FRGE stocks, with UBS repeating the rating for FRGE by listing it as a “Buy.” The predicted price for FRGE in the upcoming period, according to UBS is $3 based on the research report published on September 03, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to FRGE, setting the target price at $1.75 in the report published on November 30th of the previous year.
FRGE Trading at -4.79% 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 -66.95% of loss for the given period.
Volatility was left at 7.66%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares sank -7.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.39% lower at present.
During the last 5 trading sessions, FRGE fell by -7.75%, which changed the moving average for the period of 200-days by -57.47% in comparison to the 20-day moving average, which settled at $1.3820. In addition, Forge Global Holdings Inc saw -61.27% 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 Sievers Drew, who sale 18,958 shares at the price of $1.36 back on Sep 17 ’24. After this action, Sievers Drew now owns 781,362 shares of Forge Global Holdings Inc, valued at $25,851 using the latest closing price.
Sievers Drew, the Chief Operating Officer of Forge Global Holdings Inc, sale 11,042 shares at $1.36 during a trade that took place back on Sep 16 ’24, which means that Sievers Drew is holding 800,320 shares at $14,992 based on the most recent closing price.
Stock Fundamentals for FRGE
Current profitability levels for the company are sitting at:
- -1.12 for the present operating margin
- -0.65 for the gross margin
The net margin for Forge Global Holdings Inc stands at -0.97. The total capital return value is set at -0.33. Equity return is now at value -28.60, with -25.01 for asset returns.
Based on Forge Global Holdings Inc (FRGE), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -3.65. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -5.96.
Currently, EBITDA for the company is -80.74 million with net debt to EBITDA at 1.26. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 10.5for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.55.
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.
