During the last session, Forge Global Holdings Inc (NYSE:FRGE)’s traded shares were 0.88 million, with the beta value of the company hitting 2.31. At the end of the trading day, the stock’s price was $1.11, reflecting an intraday gain of 14.82% or $0.14. The 52-week high for the FRGE share is $4.02, that puts it down -262.16 from that peak though still a striking 27.93% gain since the share price plummeted to a 52-week low of $0.80. The company’s market capitalization is $205.36M, and the average intraday trading volume over the past 10 days was 0.75 million shares, and the average trade volume was 423.27K shares over the past three months.
Forge Global Holdings Inc (FRGE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. FRGE has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
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Forge Global Holdings Inc (NYSE:FRGE) trade information
Forge Global Holdings Inc (FRGE) registered a 14.82% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 14.82% in intraday trading to $1.11, hitting a weekly high. The stock’s 5-day price performance is 32.57%, and it has moved by -7.50% in 30 days. Based on these gigs, the overall price performance for the year is -65.20%. The short interest in Forge Global Holdings Inc (NYSE:FRGE) is 3.64 million shares and it means that shorts have 9.93 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.5, which implies an increase of 82.92% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $10 respectively. As a result, FRGE is trading at a discount of -800.9% off the target high and -170.27% off the low.
Forge Global Holdings Inc (FRGE) estimates and forecasts
Statistics show that Forge Global Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Forge Global Holdings Inc (FRGE) shares have gone down -35.09% during the last six months, with a year-to-date growth rate more than the industry average at 24.49% against 8.60.
While earnings are projected to return 28.93% in 2024.
FRGE Dividends
Forge Global Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Forge Global Holdings Inc (NYSE:FRGE)’s Major holders
Forge Global Holdings Inc insiders own 22.68% of total outstanding shares while institutional holders control 38.81%, with the float percentage being 50.19%. ROB EXPLORATION LLC is the largest shareholder of the company, while 109.0 institutions own stock in it. As of 2024-06-30, the company held over 24.23 million shares (or 13.4678% of all shares), a total value of $35.38 million in shares.
The next largest institutional holding, with 8.61 million shares, is of TEMASEK HOLDINGS (PRIVATE) LTD’s that is approximately 4.7844% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.57 million.
Also, the Mutual Funds coming in first place with the largest holdings of Forge Global Holdings Inc (FRGE) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.12 shares. This amounts to just over 1.69 percent of the company’s overall shares, with a $3.47 million market value. The same data shows that the other fund manager holds slightly less at 3.06, or about 1.66% of the stock, which is worth about $3.4 million.
