Currently, there are 184.32M common shares owned by the public and among those 117.35M shares have been available to trade.
The company’s stock has a 5-day price change of 5.37% and -42.16% over the past three months. FRGE shares are trading -16.75% year to date (YTD), with the 12-month market performance down to -65.71% lower. It has a 12-month low price of $0.70 and touched a high of $3.56 over the same period. FRGE has an average intraday trading volume of 647.87K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.83%, -19.62%, and -43.91% respectively.
Institutional ownership of Forge Global Holdings Inc (NYSE: FRGE) shares accounts for 25.76% of the company’s 184.32M shares outstanding.
It has a market capitalization of $143.39M and a beta (3y monthly) value of 2.33. The earnings-per-share (ttm) stands at -$0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.19% over the week and 9.64% over the month.
Analysts forecast that Forge Global Holdings Inc (FRGE) will achieve an EPS of -0.09 for the current quarter, -0.08 for the next quarter and -0.23 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.1 while analysts give the company a high EPS estimate of -0.1. Comparatively, EPS for the current quarter was -0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 29.00%, and 40.38% over the next financial year.
UBS coverage for the Forge Global Holdings Inc (FRGE) stock in a research note released on September 03, 2024 offered a Buy rating with a price target of $3. JP Morgan was of a view on January 05, 2023 that the stock is Neutral, while UBS gave the stock Neutral rating on November 30, 2022, issuing a price target of $1.75. Piper Sandler on their part issued Neutral rating on November 22, 2022.
