A new trading day began on Friday, with Forge Global Holdings Inc (NYSE: FRGE) stock price down -6.57% from the previous day of trading, before settling in for the closing price of $1.37. FRGE’s price has ranged from $1.17 to $4.02 over the past 52 weeks.
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During the last 5-year period, the sales drop of Technology Sector giant was -15.06%. Meanwhile, its annual earnings per share averaged 34.76%. With a float of $109.19 million, this company’s outstanding shares have now reached $176.90 million.
Let’s determine the extent of company efficiency that accounts for 345 employees.
Forge Global Holdings Inc (FRGE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Forge Global Holdings Inc is 40.43%, while institutional ownership is 25.22%. The most recent insider transaction that took place on Sep 17 ’24, was worth 25,851. In this transaction Chief Operating Officer of this company sold 18,958 shares at a rate of $1.36, taking the stock ownership to the 781,362 shares. Before that another transaction happened on Sep 16 ’24, when Company’s Chief Operating Officer sold 11,042 for $1.36, making the entire transaction worth $14,992. This insider now owns 800,320 shares in total.
Forge Global Holdings Inc (FRGE) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.11 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 34.76% per share during the next fiscal year.
Forge Global Holdings Inc (NYSE: FRGE) Trading Performance Indicators
Here are Forge Global Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.43, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.20 in one year’s time.
Technical Analysis of Forge Global Holdings Inc (FRGE)
Looking closely at Forge Global Holdings Inc (NYSE: FRGE), its last 5-days average volume was 0.34 million, which is a drop from its year-to-date volume of 0.56 million. As of the previous 9 days, the stock’s Stochastic %D was 45.45%. Additionally, its Average True Range was 0.10.
During the past 100 days, Forge Global Holdings Inc’s (FRGE) raw stochastic average was set at 11.70%, which indicates a significant decrease from 24.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.03% in the past 14 days, which was lower than the 63.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3924, while its 200-day Moving Average is $1.9130. However, in the short run, Forge Global Holdings Inc’s stock first resistance to watch stands at $1.3400. Second resistance stands at $1.4000. The third major resistance level sits at $1.4300. If the price goes on to break the first support level at $1.2500, it is likely to go to the next support level at $1.2200. Should the price break the second support level, the third support level stands at $1.1600.
Forge Global Holdings Inc (NYSE: FRGE) Key Stats
With a market capitalization of 234.44 million, the company has a total of 181,040K Shares Outstanding. Currently, annual sales are 69,390 K while annual income is -90,220 K. The company’s previous quarter sales were 22,030 K while its latest quarter income was -13,720 K.
