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Buy, Sell Or Hold Forge Global Holdings Inc (NYSE:FRGE) At $1.77?

In last trading session, Forge Global Holdings Inc (NYSE:FRGE) saw 0.33 million shares changing hands with its beta currently measuring 2.57. Company’s recent per share price level of $1.77 trading at $0.11 or 6.63% at ring of the bell on the day assigns it a market valuation of $310.23M. That closing price of FRGE’s stock is at a discount of -127.12% from its 52-week high price of $4.02 and is indicating a premium of 37.85% from its 52-week low price of $1.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.34 million shares which gives us an average trading volume of 587.46K if we extend that period to 3-months.

Forge Global Holdings Inc (NYSE:FRGE) trade information

Upright in the green during last session for gaining 6.63%, in the last five days FRGE remained trading in the red while hitting it’s week-highest on Monday, 02/05/24 when the stock touched $1.77 price level, adding 7.81% to its value on the day. Forge Global Holdings Inc’s shares saw a change of -48.40% in year-to-date performance and have moved -7.81% in past 5-day. Forge Global Holdings Inc (NYSE:FRGE) showed a performance of -32.95% in past 30-days. Number of shares sold short was 3.8 million shares which calculate 5.2 days to cover the short interests.

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Forge Global Holdings Inc (FRGE) estimates and forecasts

Statistics highlight that Forge Global Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -38.54% of value to its shares in past 6 months, showing an annual growth rate of 22.95% while that of industry is 9.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 33.30% in the current quarter and calculating 16.70% increase in the next quarter. This year revenue growth is estimated to rise 1.20% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $19.57 million for the same. And 3 analysts are in estimates of company making revenue of $22.07 million in the next quarter that will end on Mar 2024. Company posted $16.82 million and $17.19 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 16.30% while estimating it to be 28.40% for the next quarter.

FRGE Dividends

Forge Global Holdings Inc is more likely to be releasing its next quarterly report in March and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Forge Global Holdings Inc (NYSE:FRGE)’s Major holders

Insiders are in possession of 27.99% of company’s total shares while institution are holding 41.90 percent of that, with stock having share float percentage of 58.18%. Investors also watch the number of corporate investors in a company very closely, which is 41.90% institutions for Forge Global Holdings Inc that are currently holding shares of the company. Rob Exploration LLC is the top institutional holder at FRGE for having 24.23 million shares of worth $42.89 million. And as of Dec 30, 2023, it was holding 13.82% of the company’s outstanding shares.

The second largest institutional holder is Temasek Holdings (Private) Limited, which was holding about 8.61 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 4.91% of outstanding shares, having a total worth of $15.24 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 3.12 million shares of worth $5.52 million or 1.78% of the total outstanding shares. The later fund manager was in possession of 3.0 million shares on Dec 30, 2023, making its stake of worth around $5.31 million in the company or a holder of 1.71% of company’s stock.

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