In last trading session, Forge Global Holdings Inc (NYSE:FRGE) saw 0.88 million shares changing hands with its beta currently measuring 2.34. Company’s recent per share price level of $1.01 trading at -$0.12 or -10.62% at ring of the bell on the day assigns it a market valuation of $184.99M. That closing price of FRGE’s stock is at a discount of -298.02% from its 52-week high price of $4.02 and is indicating a discount of -9.9% from its 52-week low price of $1.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.52 million shares which gives us an average trading volume of 356.82K if we extend that period to 3-months.
For Forge Global Holdings Inc (FRGE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Forge Global Holdings Inc (NYSE:FRGE) trade information
Upright in the red during last session for losing -10.62%, in the last five days FRGE remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $1.01 price level, adding 26.81% to its value on the day. Forge Global Holdings Inc’s shares saw a change of -70.55% in year-to-date performance and have moved -10.62% in past 5-day. Forge Global Holdings Inc (NYSE:FRGE) showed a performance of -14.41% in past 30-days. Number of shares sold short was 3.85 million shares which calculate 11.69 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.5 to the stock, which implies a rise of 84.46% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -197.03% in reaching the projected high whereas dropping to the targeted low would mean a loss of -197.03% for stock’s current value.
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 -42.29% of value to its shares in past 6 months, showing an annual growth rate of 30.61% while that of industry is 9.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Forge Global Holdings Inc (NYSE:FRGE)’s Major holders
Insiders are in possession of 23.24% of company’s total shares while institution are holding 38.50 percent of that, with stock having share float percentage of 50.16%. Investors also watch the number of corporate investors in a company very closely, which is 38.50% 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 $35.38 million. And as of 2024-06-30, it was holding 13.4678 of the company’s outstanding shares.
The second largest institutional holder is TEMASEK HOLDINGS (PRIVATE) LTD, which was holding about 8.61 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.7844 of outstanding shares, having a total worth of $12.57 million.
