The stock of Forge Global Holdings Inc (FRGE) has seen a 21.27% increase in the past week, with a 14.59% gain in the past month, and a -7.18% decrease in the past quarter. The volatility ratio for the week is 10.08%, and the volatility levels for the past 30 days are at 8.06% for FRGE. The simple moving average for the past 20 days is 18.12% for FRGE’s stock, with a -26.70% 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,” 2 as “hold,” and 0 as “sell.”
The public float for FRGE is 117.29M, and currently, shorts hold a 1.91% of that float. The average trading volume for FRGE on February 18, 2025 was 647.54K shares.
FRGE) stock’s latest price update
The stock of Forge Global Holdings Inc (NYSE: FRGE) has increased by 8.45 when compared to last closing price of 0.86.Despite this, the company has seen a gain of 21.27% 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.
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 6.40% 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 -73.93% of loss for the given period.
Volatility was left at 8.06%, however, over the last 30 days, the volatility rate increased by 10.08%, as shares surge +16.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.18% lower at present.
During the last 5 trading sessions, FRGE rose by +21.27%, which changed the moving average for the period of 200-days by -51.15% in comparison to the 20-day moving average, which settled at $0.7858. In addition, Forge Global Holdings Inc saw -0.29% 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 50,000 shares at the price of $0.80 back on Jan 15 ’25. After this action, Rodriques Kelly now owns 8,030,213 shares of Forge Global Holdings Inc, valued at $40,205 using the latest closing price.
Rodriques Kelly, the Officer of Forge Global Holdings Inc, proposed sale 50,000 shares at $0.79 during a trade that took place back on Jan 15 ’25, which means that Rodriques Kelly is holding shares at $39,425 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 0.91. 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.
