On Friday, Forge Global Holdings Inc (NYSE: FRGE) opened lower -10.22% from the last session, before settling in for the closing price of $2.25. Price fluctuations for FRGE have ranged from $1.10 to $4.02 over the past 52 weeks.
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Annual sales at Technology sector company slipped by -15.06% over the past five years. Company’s average yearly earnings per share was noted 22.29% at the time writing. With a float of $104.05 million, this company’s outstanding shares have now reached $176.90 million.
Let’s look at the performance matrix of the company that is accounted for 345 employees.
Forge Global Holdings Inc (FRGE) Insider Updates
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Forge Global Holdings Inc is 42.04%, while institutional ownership is 27.61%. The most recent insider transaction that took place on Apr 02 ’24, was worth 43,260. In this transaction Chief Executive Officer of this company sold 25,000 shares at a rate of $1.73, taking the stock ownership to the 10,589,550 shares. Before that another transaction happened on Apr 01 ’24, when Company’s Chief Executive Officer sold 25,000 for $1.84, making the entire transaction worth $46,040. This insider now owns 10,614,550 shares in total.
Forge Global Holdings Inc (FRGE) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 33.10 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 22.29% per share during the next fiscal year.
Forge Global Holdings Inc (NYSE: FRGE) Trading Performance Indicators
Check out the current performance indicators for Forge Global Holdings Inc (FRGE). In the past quarter, the stock posted a quick ratio of 6.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.52, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.29 in one year’s time.
Technical Analysis of Forge Global Holdings Inc (FRGE)
Forge Global Holdings Inc (NYSE: FRGE) saw its 5-day average volume 1.09 million, a positive change from its year-to-date volume of 0.78 million. As of the previous 9 days, the stock’s Stochastic %D was 56.47%. Additionally, its Average True Range was 0.28.
During the past 100 days, Forge Global Holdings Inc’s (FRGE) raw stochastic average was set at 18.03%, which indicates a significant decrease from 18.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 173.61% in the past 14 days, which was higher than the 97.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.97, while its 200-day Moving Average is $2.44. Nevertheless, the first resistance level for the watch stands at $2.15 in the near term. At $2.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.36. If the price goes on to break the first support level at $1.94, it is likely to go to the next support level at $1.85. Assuming the price breaks the second support level, the third support level stands at $1.73.
Forge Global Holdings Inc (NYSE: FRGE) Key Stats
There are currently 179,500K shares outstanding in the company with a market cap of 362.59 million. Presently, the company’s annual sales total 69,390 K according to its annual income of -90,220 K. Last quarter, the company’s sales amounted to 18,880 K and its income totaled -25,800 K.
