The 36-month beta value for FRGE is at 2.36. 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.”
The public float for FRGE is 117.27M, and currently, shorts hold a 2.40% of that float. The average trading volume for FRGE on January 15, 2025 was 633.47K shares.
FRGE) stock’s latest price update
Forge Global Holdings Inc (NYSE: FRGE) has experienced a rise in its stock price by 10.03 compared to its previous closing price of 0.72. However, the company has seen a fall of -9.37% in its stock price over the last five trading days. businesswire.com reported 2025-01-14 that SAN FRANCISCO–(BUSINESS WIRE)–Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading global private securities marketplace, today announced the appointment of former London Stock Exchange Group (LSEG) executive James Nevin as its new CFO, effective January 20, 2025. Mr. Nevin will succeed CFO Mark Lee, who has held the role since 2018. Mr. Lee will continue to contribute his expertise to Forge, overseeing strategic financial and wealth initiatives as Chief of Strategi.
FRGE’s Market Performance
Forge Global Holdings Inc (FRGE) has experienced a -9.37% fall in stock performance for the past week, with a -28.32% drop in the past month, and a -38.40% drop in the past quarter. The volatility ratio for the week is 14.22%, and the volatility levels for the past 30 days are at 9.46% for FRGE. The simple moving average for the past 20 days is -11.68% for FRGE’s stock, with a -43.55% simple moving average for the past 200 days.
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 $3. The rating they have provided for FRGE stocks is “Buy” according to the report published on September 03rd, 2024.
FRGE Trading at -19.98% 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 -77.85% of loss for the given period.
Volatility was left at 9.46%, however, over the last 30 days, the volatility rate increased by 14.22%, as shares sank -25.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.29% lower at present.
During the last 5 trading sessions, FRGE fell by -9.37%, which changed the moving average for the period of 200-days by -62.09% in comparison to the 20-day moving average, which settled at $0.8928. In addition, Forge Global Holdings Inc saw -15.30% 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 1,400 shares at the price of $1.00 back on Dec 18 ’24. After this action, Phillips Jennifer now owns 724,591 shares of Forge Global Holdings Inc, valued at $1,400 using the latest closing price.
Rodriques Kelly, the Chief Executive Officer of Forge Global Holdings Inc, sale 25,000 shares at $1.04 during a trade that took place back on Dec 16 ’24, which means that Rodriques Kelly is holding 8,153,110 shares at $25,945 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 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -2.55. The debt to equity ratio resting at 0.07. 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 0.59. 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 bad 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.
