The stock of Forge Global Holdings Inc (FRGE) has seen a -3.67% decrease in the past week, with a -19.85% drop in the past month, and a -19.23% decrease in the past quarter. The volatility ratio for the week is 6.44%, and the volatility levels for the past 30 days are at 9.34% for FRGE. The simple moving average for the last 20 days is 5.47% for FRGE stock, with a simple moving average of -31.19% for the last 200 days.
Is It Worth Investing in Forge Global Holdings Inc (NYSE: FRGE) Right Now?
Company’s 36-month beta value is 2.31.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for FRGE is 135.97M, and currently, short sellers hold a 2.15% ratio of that floaft. The average trading volume of FRGE on December 06, 2024 was 459.69K shares.
FRGE) stock’s latest price update
The stock of Forge Global Holdings Inc (NYSE: FRGE) has increased by 8.86 when compared to last closing price of 0.96. Despite this, the company has experienced a -3.67% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that Forge Global Holdings, Inc. (NYSE:FRGE ) Q3 2024 Earnings Conference Call November 6, 2024 4:30 PM ET Company Participants Lindsay Riddell – Executive Vice President of Corporate Marketing and Communications Kelly Rodriques – Chief Executive Officer Mark Lee – Chief Financial Officer Dominic Paschel – Senior Vice President of Finance and Investor Relations Conference Call Participants Patrick Moley – Piper Sandler Companies Devin Ryan – Citizens JMP Alex Kramm – UBS Investment Bank Madeline Daleiden – JPMorgan Chase & Co. Operator Good afternoon. My name is John, and I will be your conference operator today.
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 -8.31% 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 -73.88% of loss for the given period.
Volatility was left at 9.34%, however, over the last 30 days, the volatility rate increased by 6.44%, as shares sank -5.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.55% lower at present.
During the last 5 trading sessions, FRGE fell by -1.83%, which changed the moving average for the period of 200-days by -42.78% in comparison to the 20-day moving average, which settled at $0.9965. In addition, Forge Global Holdings Inc saw -69.39% 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 Phillips Jennifer, who sale 50,000 shares at the price of $1.07 back on Dec 02 ’24. After this action, Phillips Jennifer now owns 744,018 shares of Forge Global Holdings Inc, valued at $53,685 using the latest closing price.
Rodriques Kelly, the Chief Executive Officer of Forge Global Holdings Inc, sale 31,735 shares at $1.02 during a trade that took place back on Dec 02 ’24, which means that Rodriques Kelly is holding 8,354,377 shares at $32,440 based on the most recent closing price.
Stock Fundamentals for FRGE
Current profitability levels for the company are sitting at:
- -1.1 for the present operating margin
- -0.63 for the gross margin
The net margin for Forge Global Holdings Inc stands at -0.96. The total capital return value is set at -0.35. Equity return is now at value -29.71, with -25.75 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 -5.27. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -7.33.
Currently, EBITDA for the company is -80.62 million with net debt to EBITDA at 1.23. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.37.
Conclusion
In a nutshell, Forge Global Holdings Inc (FRGE) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
