The stock of Forge Global Holdings Inc (FRGE) has gone up by 7.00% for the week, with a 5.94% rise in the past month and a -19.55% drop in the past quarter. The volatility ratio for the week is 11.90%, and the volatility levels for the past 30 days are 9.69% for FRGE. The simple moving average for the past 20 days is 6.41% for FRGE’s stock, with a -29.54% simple moving average for the past 200 days.
Is It Worth Investing in Forge Global Holdings Inc (NYSE: FRGE) Right Now?
The 36-month beta value for FRGE is at 2.30. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for FRGE is 136.08M, and currently, shorts hold a 2.14% of that float. The average trading volume for FRGE on December 11, 2024 was 493.00K shares.
FRGE) stock’s latest price update
The stock price of Forge Global Holdings Inc (NYSE: FRGE) has dropped by -10.08 compared to previous close of 1.19. Despite this, the company has seen a gain of 7.00% in its stock price over the last five trading days. 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 -5.94% 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 -73.38% of loss for the given period.
Volatility was left at 9.69%, however, over the last 30 days, the volatility rate increased by 11.90%, as shares surge +0.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.32% lower at present.
During the last 5 trading sessions, FRGE rose by +7.00%, which changed the moving average for the period of 200-days by -43.98% in comparison to the 20-day moving average, which settled at $1.0055. In addition, Forge Global Holdings Inc saw -68.80% 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 proposed sale 65,000 shares at the price of $1.06 back on Dec 09 ’24. After this action, Rodriques Kelly now owns shares of Forge Global Holdings Inc, valued at $68,900 using the latest closing price.
Rodriques Kelly, the Chief Executive Officer of Forge Global Holdings Inc, sale 65,000 shares at $1.12 during a trade that took place back on Dec 09 ’24, which means that Rodriques Kelly is holding 8,221,112 shares at $72,618 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 1.24. 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 conclusion, Forge Global Holdings Inc (FRGE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
